The Equipment Lease Purchase Agreement is essential for businesses and individuals in Ireland seeking to acquire equipment through a lease-to-own arrangement. This document is particularly valuable when immediate equipment access is needed but outright purchase is not preferred or possible. It combines elements of both leasing and purchase agreements, structured under Irish law and compliance requirements. The agreement includes crucial details about equipment specifications, payment terms, maintenance obligations, insurance requirements, and purchase options. It ensures compliance with Irish consumer protection laws, financial regulations, and commercial contract principles while protecting both lessor and lessee interests. This type of agreement is commonly used for high-value equipment acquisitions across various industries, offering flexibility in equipment financing while maintaining clear paths to ownership.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of the lessor and lessee, including registered addresses and company registration numbers if applicable
2. Background: Sets out the context of the agreement, including the lessor's ownership/right to lease the equipment and the lessee's intention to lease and eventually purchase
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Equipment Description: Detailed description of the equipment being leased, including make, model, serial numbers, and condition
5. Term and Payment: Specifies the lease duration, payment amounts, payment schedule, and purchase option details
6. Delivery and Acceptance: Terms regarding equipment delivery, inspection, and acceptance procedures
7. Title and Risk: Clarifies ownership rights during the lease period and conditions for transfer of title upon completion
8. Use and Maintenance: Specifies permitted use of equipment and maintenance responsibilities
9. Insurance: Details required insurance coverage and responsibilities
10. Warranties and Representations: States warranties regarding equipment condition and parties' authority to enter agreement
11. Default and Remedies: Defines events of default and available remedies
12. Termination: Conditions and procedures for early termination
13. General Provisions: Standard legal provisions including governing law, notices, and assignment rights
1. VAT and Tax Provisions: Detailed tax treatment section when complex tax implications exist or for cross-border transactions
2. Import/Export Provisions: Required for equipment that may be used across international borders
3. Regulatory Compliance: Specific section for heavily regulated equipment or industries
4. Environmental Compliance: Required for equipment with environmental impact or specific environmental regulations
5. Software License: Needed when equipment includes software components
6. Training and Support: When equipment requires specific training or ongoing support
7. Sub-leasing Rights: When sub-leasing might be permitted under certain conditions
8. Purchase Option Details: Detailed section about early purchase options when complex purchase structures are involved
1. Schedule 1 - Equipment Specification: Detailed technical specifications of the equipment including photographs and condition report
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and purchase option prices
3. Schedule 3 - Delivery and Acceptance Form: Form to be completed upon delivery confirming equipment condition and acceptance
4. Schedule 4 - Maintenance Requirements: Detailed maintenance schedule and requirements
5. Schedule 5 - Insurance Requirements: Specific insurance requirements including coverage types and amounts
6. Schedule 6 - Return Conditions: Detailed conditions equipment must meet if returned at end of lease
7. Appendix A - Warranty Documentation: Manufacturer's warranties and additional warranty terms
8. Appendix B - Operating Procedures: Required operating procedures and safety guidelines
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Construction
Agriculture
Transportation
Healthcare
Information Technology
Mining
Renewable Energy
Retail
Hospitality
Logistics
Telecommunications
Relevant Teams
Legal
Finance
Procurement
Operations
Risk Management
Facilities Management
Asset Management
Treasury
Commercial
Contract Administration
Relevant Roles
Chief Financial Officer
Procurement Manager
Operations Director
Fleet Manager
Equipment Manager
Finance Director
Legal Counsel
Risk Manager
Facilities Manager
Asset Manager
Commercial Director
Treasury Manager
Contract Administrator
Equipment Coordinator
Financial Controller
Find the exact document you need
Unregulated Hire Purchase Agreement
An Irish law-governed unregulated hire purchase agreement for commercial asset acquisition with payment installments and purchase option.
find out more
Tenancy Loan Agreement
An Irish law-governed agreement combining loan and tenancy terms for rental property financing, compliant with Irish financial and residential tenancy regulations.
find out more
Pro Forma Loan Agreement
Irish law-governed standard form loan agreement template for documenting lending transactions, compliant with local banking regulations and EU requirements.
find out more
Employees Loan Agreement
An Irish law-governed agreement between employer and employee establishing terms for a company loan, including repayment through salary deductions.
find out more
Evergreen Loan Agreement
Irish law-governed Evergreen Loan Agreement template for establishing ongoing revolving credit facilities with no fixed maturity date.
find out more
Loan Agreement And Mortgage
An Irish law-governed agreement combining loan terms and mortgage security arrangements for property financing, compliant with Irish banking and property regulations.
find out more
Facility Loan Agreement
An Irish law-governed agreement establishing terms and conditions for a loan facility between a lender and borrower, including facility terms, security arrangements, and regulatory compliance requirements.
find out more
Loan Agreement Between Individuals
An Irish law-governed agreement documenting a loan arrangement between private individuals, including loan terms, repayment conditions, and legal protections.
find out more
Simple Loan Repayment Agreement
An Irish law-governed agreement establishing loan repayment terms, conditions, and obligations between lender and borrower.
find out more
Loan For Use Agreement
An Irish law-governed agreement establishing terms for the free temporary use of an asset while maintaining the lender's ownership rights.
find out more
Loan And Guarantee Agreement
An Irish law-governed agreement establishing terms for a loan facility supported by a third-party guarantee, including lending terms and guarantee obligations.
find out more
Lease Hire Agreement
An Irish law-governed agreement establishing terms and conditions for equipment or asset leasing arrangements, including payment terms, maintenance requirements, and regulatory compliance.
find out more
Hire Purchase Agreement For Car
An Irish law-governed agreement for the hire purchase of a motor vehicle, establishing payment terms and conditions under Irish consumer credit legislation.
find out more
Bike Hire Purchase Agreement
An Irish law-governed agreement setting out terms for bicycle hire purchase, including payment terms, ownership conditions, and parties' obligations.
find out more
Undertaking Loan Agreement
An Irish law-governed agreement setting out terms and conditions for providing loan facilities, ensuring compliance with Irish banking regulations and protecting both lender and borrower interests.
find out more
Promissory Loan Agreement
An Irish law-governed Promissory Loan Agreement establishing terms and conditions for lending arrangements, including loan amount, interest, repayment terms, and security provisions.
find out more
Master Loan Agreement
An Irish law-governed agreement establishing the framework for a lending relationship between a financial institution and borrower, setting out comprehensive terms for loan facilities and security arrangements.
find out more
Margin Loan Agreement
Irish law-governed agreement establishing terms for lending against securities collateral, including margin maintenance and enforcement provisions.
find out more
Loan Note Agreement
An Irish law-governed agreement setting out terms for the issuance and subscription of loan notes, including interest, repayment, and security provisions.
find out more
Financing Contract Agreement
An Irish law-governed agreement establishing terms and conditions for providing financial facilities between lender and borrower, including facility details, security arrangements, and regulatory compliance requirements.
find out more
Financial Agreement Between Two Parties
Irish law-governed financial agreement template for structuring financial arrangements between two parties, incorporating key regulatory requirements and protective clauses.
find out more
Equipment Lease Purchase Agreement
An Irish law-governed agreement setting out terms for equipment leasing with a purchase option, including financial terms, maintenance obligations, and purchase conditions.
find out more
Contract For Car Payments
An Irish law-governed agreement establishing terms and conditions for vehicle purchase payments, compliant with Irish consumer protection and financial regulations.
find out more
Owner Financing Contract For Deed
An Irish law-governed agreement where the property seller finances the buyer's purchase and retains title until full payment, structured under Irish property law requirements.
find out more
Standard Loan Agreement Between Friends
An Irish law-governed agreement that formalizes and legally protects a loan arrangement between friends, including key terms, conditions, and repayment schedules.
find out more
Standard Hire Purchase Agreement
An Irish law-governed agreement for the purchase of goods through installment payments, with ownership transferring upon final payment, compliant with Irish consumer credit legislation.
find out more
Lease Purchase Agreement Car
An Irish law-governed agreement establishing terms for vehicle lease purchase, combining lease and purchase elements with eventual ownership transfer upon completion of payments.
find out more
Warehouse Loan Agreement
An Irish law-governed agreement for securing loans against warehouse-stored inventory, establishing lending terms and security arrangements.
find out more
Royalty Loan Agreement
An Irish law-governed agreement establishing a loan facility repayable through future royalty payments or revenue streams.
find out more
Simple Interest Loan Agreement
An Irish law-governed Simple Interest Loan Agreement establishing terms for lending with straightforward interest calculation on the principal amount.
find out more
Lending Loan Agreement
An Irish law-governed agreement establishing terms and conditions for a loan between lender and borrower, including loan amount, interest, repayment terms, and security arrangements.
find out more
Conditional Loan Agreement
An Irish law-governed agreement setting out terms and conditions for a conditional loan, including specific requirements that must be met for loan availability.
find out more
Debenture Loan Agreement
An Irish law-governed agreement combining loan facilities with security arrangements, creating fixed and floating charges over borrower assets.
find out more
Car Loan Promissory Note
An Irish law-governed financial instrument documenting a borrower's promise to repay a vehicle loan and establishing the vehicle as collateral.
find out more
Revenue Loan Agreement
An Irish law-governed agreement establishing a loan facility with repayments calculated as a percentage of the borrower's revenue.
find out more
Funding Term Sheet
An Irish law-governed preliminary agreement outlining key terms and conditions for a proposed company investment.
find out more
Consumer Loan Agreement
An Irish law-governed agreement setting out terms and conditions for providing a consumer loan, compliant with Irish and EU consumer protection regulations.
find out more
Bond Loan Agreement
An Irish law-governed agreement setting out terms and conditions for bond issuance, including payment obligations, covenants, and bondholder rights.
find out more
Loan Market Agreement
An Irish law-governed financing agreement setting out terms and conditions for commercial lending arrangements, compliant with Irish banking regulations and market standards.
find out more
Instrument Loan Agreement
An Irish law-governed agreement establishing terms for the temporary loan of musical instruments, including maintenance, insurance, and return conditions.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)