Equipment lease and hire

View Commercial by content type:

News

Practice notes

Precedents

Q&As

Latest Commercial News

Bungalow Brouhaha—an object lesson in residential construction disputes (Kang v Pattar)

The following Commercial news provides comprehensive and up to date legal information on Bungalow Brouhaha—an object lesson in residential construction disputes (Kang v Pattar)

Commercial weekly highlights—13 May 2021

The following Commercial news provides comprehensive and up to date legal information on Commercial weekly highlights—13 May 2021

Public interest justifies cost-capping in a procurement case (Good Law Project v Minister for the Cabinet Office (Hanbury Strategy & Communications Ltd as interested party))

Measure of damages for fraudulent misrepresentation clarified (Glossop Cartons and Print v Contact (Print & Packaging))

The following Commercial news provides comprehensive and up to date legal information on Measure of damages for fraudulent misrepresentation clarified (Glossop Cartons and Print v Contact (Print & Packaging))

Featured Commercial content

Intra-group services agreement

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...

Month definition

Month means a calendar month; Close This is a suggested definition for the term 'month', which...

Private right of redress for consumers

Brexit: As of exit day (11pm on 31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK...

Short form letter of assignment

[On headed notepaper of the assignor]To: [Insert name and address of Assignee][Insert date]Dear [insert name of Assignee]Assignment of contractWe...

Practice notes

Carriage of goods by air

This Practice Note provides a summary of the common law and conventions governing international carriage by air. It explains the liability of the...

Produced in partnership with Quentin Tannock of 4 Pump Court and James Watthey of 4 Pump Court 12th Jan

Precedents

Letter of variation

[ON HEADED NOTEPAPER OF PARTY A][Insert address of Party B][[Insert address of Guarantor]][Insert date]Dear [name of Party B][ and [name of...

9th Nov

In-house

Precedents

Execution clause—company—deed

Option 1—deed executed by a company under its common seal (model articles, where the authorised signatory is an...

9th Nov

In-house

Precedents

Deed of release and waiver

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...

9th Nov

In-house

Precedents

Consignment stock agreement—pro-supplier

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...

Produced in partnership with Paul de Vince and Jagdeep Singh of Gateley Plc 12th Jan

Practice notes

Termination and expiry of contracts

This Practice Note provides an overview of contract expiry and of the different causes of termination and ways to discharge a contract, including...

9th Nov

COVID-19

In-house

Practice notes

Wilful misconduct and deliberate default in commercial contracts

This Practice Note sets out guidance upon the meaning, use and importance of commonly used terms in exclusion and limitation of liability clauses in...

Produced in partnership with Tim Wright of Fladgate 12th Jan

In-house

Practice notes

Information society services and e-commerce

Brexit: As of exit day (11pm on 31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK...

9th Nov

Practice notes

Bailment

This Practice Note provides an introduction to bailment, which is a large and complex topic.This Practice Note provides a working definition of...

Produced in partnership with Quentin Tannock of 4 Pump Court 12th Jan

Practice notes

Agreements to agree

This Practice Note considers agreements to agree, and why an agreement to agree certain contractual terms at a future date has traditionally been held...

9th Nov

Practice notes

Contract variation

This Practice Note summarises the law, guidance and practice relating to the variation of contracts and deeds. It explains how a contract or deed can...

9th Nov

In-house

Practice notes

Repudiation

This Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes to the...

9th Nov

In-house

Practice notes

Mistake in contract law

This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as...

9th Nov

In-house

Practice notes

Conditions precedent in commercial contracts

This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent...

9th Nov

In-house

Practice notes

Joint, several, and joint and several liability

ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise...

9th Nov

In-house

Practice notes

Fiduciary Duties

Who is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under common law. Some...

9th Nov

Most recent Equipment lease and hire content

Practice notes

Bailment

BailmentThis Practice Note provides an introduction to bailment, which is a large and complex topic.This Practice Note provides a working definition...

Produced in partnership with Quentin Tannock of 4 Pump Court 15th May

Practice notes

What does IP completion day mean for supply of goods?

What does IP completion day mean for supply of goods?How does Brexit impact supply of goods?Brexit affects the supply of goods to the extent that any...

15th May

Practice notes

Equipment leasing and hiring

Equipment leasing and hiringThis Practice Note provides an overview of the contractual considerations which arise when leasing or hiring equipment,...

Produced in partnership with Paul de Vince of Gateley 15th May

Precedents

Equipment hire agreement—pro-hirer

This Agreement is made on [date]Parties1[insert name of supplier] [of OR a company incorporated in [England and Wales] under number [insert registered...

Produced in partnership with Paul de Vince of Gateley 5th May

Precedents

Equipment hire agreement—pro-supplier

This Agreement is made on [date ]Parties1[insert name of supplier] [of OR a company incorporated in [England and Wales] under number [insert...

Produced in partnership with Paul de Vince of Gateley 5th May

Q&As

What recourse does a hirer have against the supplier of defective goods where it has hired goods from a finance company?

See the following:•Practice Note: Equipment leasing and hiring which contains information on what an agreement of hire is•Practice Note: Third party...

16th Apr

Q&As

Where A stores its equipment at B’s facility and its equipment is removed without A’s knowledge, can A ask for its return or can B sell A’s equipment, without A’s knowledge or consent, in order to satisfy a debt A owes to B? If so, does A have any security over the proceeds of sale?

BailmentBailment is the legal term where one person knowingly has possession of the goods of another.The legal relationship of bailor and bailee can...

9th Apr

Q&As

Legally speaking, is there any material difference between the terms ‘rental agreement’ and ‘lease agreement’ where the underlying arrangement relates to the hire (and no transfer of ownership) of electrical hardware? I have reviewed the Practice Notes on lease and hire agreements and notice that the authors sometimes use ‘rentals’ to refer to payments under these arrangements.

We assume you are referring to a generic business to business contract for the simple hire or lease of equipment, and not to a consumer credit hire...

17th Mar

Q&As

Is a lease of equipment a personal right? Where equipment subject to a lease agreement is sold to a third party, will the third party be liable for any obligations under the original lease?

We have assumed that the equipment is subject to a business to business lease/hire of equipment between a lessor/owner and lesseee/hirer, and is not a...

15th Feb

Q&As

When a business purchases a new vehicle under an unregulated finance lease and the vehicle subsequently develops a number of faults, who should the business pursue its claim against under the Sale of Goods Act—the selling garage or finance company? The finance agreement includes an exclusion of liability clause for any damage arising by reason of any defects in the equipment.

Finance leaseAsset finance is a method of providing financing for the purchase of particular tangible movable assets. In an asset finance transaction,...

12th Feb

Q&As

If a bailee serves notice on a bailor under Part I of Schedule 1 to the Torts (Interference with Goods) Act 1977, must the bailee arrange and pay for the goods to be returned to the bailor or can the bailee insist that the goods are collected by the bailor from the bailee's premises?

A notice served by a bailee to a bailor under Part I of Schedule 1 to the Torts (Interference with Goods) Act 1977 (T(IG)A 1977) imposes an obligation...

3rd Feb

Q&As

Would an equitable claim arise if a person, who is in possession of another's asset, incurs costs to upgrade the asset to be fit for purpose and seeks recovery of those costs from the owner?

In answering this Q&A, we assume you are referring to a business to business transaction for the hire of goods which have not been supplied fit for...

3rd Feb

Q&As

Under section 10 of the Supply of Goods (Implied Terms) Act 1973, what is a ‘relevant hire purchase agreement’? Does section 10 apply to business to business contracts?

Section 15 of the Supply of Goods (Implied Terms) Act 1973 (SG(IT)A 1973) provides that a ‘hire-purchase agreement’ is an agreement, other than a...

3rd Feb

Q&As

Can the terms of an original equipment lease agreement between a lessor and a lessee, be deemed to apply to any future lease agreement entered into between the (former) lessee (now lessor) and a new lessee for the same equipment?

For the purposes of this Q&A, we have assumed that the new lessee has not had sight of the original lease agreement.Formation of contractFour...

3rd Feb

Q&As

Can a finance company lessor compel the original supplier of equipment to buy back that equipment at the end of the lease period between the lessor and the lessee where there is no specific contractual provision to do so?

We have assumed for the purposes of this Q&A that there is an arrangement which establishes a contractual relationship between the original supplier...

3rd Feb

Q&As

Where a party (A) has sold equipment which was on hire to it through an auction, can the owner of the equipment (B) make a claim against the auctioneer for the proceeds of sale?

It is worth beginning any analysis of the problem posited by this question by establishing the potential causes of action that might be open to party...

Produced in partnership with Christopher Snell of New Square Chambers 8th Jan

Q&As

Does a third party landlord (C) have the right to impose storage charges on the owner of equipment (A) where A’s equipment is located on C’s premises but where there is no contractual relationship between A and C?

Privity of contractIt is assumed that there is a contract between A and B for the hire of the equipment and a further contract between B and C in...

6th Dec

Equipment lease and hire

View Commercial by content type:

Latest Commercial News

Bungalow Brouhaha—an object lesson in residential construction disputes (Kang v Pattar)

Commercial weekly highlights—13 May 2021

Public interest justifies cost-capping in a procurement case (Good Law Project v Minister for the Cabinet Office (Hanbury Strategy & Communications Ltd as interested party))

Measure of damages for fraudulent misrepresentation clarified (Glossop Cartons and Print v Contact (Print & Packaging))

Featured Commercial content

Intra-group services agreement

Month definition

Private right of redress for consumers

Short form letter of assignment

Most recent Equipment lease and hire content

Popular documents

Common financial covenants

Scrip dividends

Strike out—no reasonable grounds for bringing or defending the claim (CPR 3.4(2)(a))

Forfeiture of a lease

Contact Us

Popular Links

Policies

Follow us