Document background
This Master Equipment Lease Agreement is designed for use in Australian jurisdictions where parties intend to establish a long-term equipment leasing relationship involving multiple pieces of equipment over time. The agreement provides a standardized framework that streamlines the process of leasing additional equipment by allowing parties to execute individual equipment schedules under the master terms, rather than negotiating separate agreements for each lease. It incorporates requirements under Australian law, including PPSA provisions, and is particularly suitable for businesses requiring regular equipment leasing arrangements. The document includes comprehensive provisions for equipment delivery, maintenance, insurance, payment terms, default scenarios, and end-of-lease obligations, while maintaining flexibility to accommodate different types of equipment through specific schedules.
