An Equipment Lease Assignment is a contract where a party who originally was leasing equipment assigns their rights and responsibilities under that lease to another party for the remainder of their lease term. The Assignor may choose to use an assignment for a number of reasons including change of business circumstances, financial concerns or other changes in circumstances.
This Equipment Lease Assignment form includes the following provisions: (1) Assignment of Rights; (2) Assumption of Obligations; (3) Security Deposit; (4) Indemnification; (5) Binding Effect of the Agreement; (6) Notice; and (7) Waiver.
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