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The Medical Equipment Lease Agreement is essential for healthcare facilities in Malaysia seeking to acquire medical equipment without substantial upfront capital investment. This agreement type is particularly relevant when healthcare providers need access to expensive or specialized medical equipment while maintaining financial flexibility. The document ensures compliance with Malaysian medical device regulations, particularly the Medical Device Act 2012 and Private Healthcare Facilities and Services Act 1998, while establishing clear terms for equipment use, maintenance, and liability. It typically includes detailed specifications of the medical equipment, payment schedules, maintenance requirements, operator training provisions, and regulatory compliance obligations. The agreement is crucial for protecting both the lessor's asset and the lessee's operational needs while ensuring patient safety and healthcare service quality standards are maintained.

1. Parties: Identification of the lessor and lessee, including their full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including brief description of the parties' business and purpose of the lease

3. Definitions: Definitions of key terms used throughout the agreement

4. Equipment Description: Detailed description of the medical equipment being leased, including make, model, serial numbers, and specifications

5. Term and Delivery: Duration of the lease, delivery details, and installation requirements

6. Rental Payments: Payment terms, including amount, frequency, method of payment, and late payment consequences

7. Use and Operation: Permitted use of equipment, operator requirements, and compliance with medical device regulations

8. Maintenance and Repair: Responsibilities for maintenance, repairs, and calibration of the medical equipment

9. Insurance and Liability: Insurance requirements and allocation of liability between parties

10. Warranties and Representations: Warranties regarding equipment condition, compliance with regulations, and fitness for medical use

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Return of Equipment: Procedures and conditions for equipment return at lease end

13. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability