Computer Lease Agreement

Document Description:

The Computer Lease Agreement is a contract in which one party (the Lessor) agrees to lease/rent computer equipment to another party (the Lessee) for a specified duration. Due to the increasing cost of equipment and the speed of obsolescence, this type of arrangement has become a popular method of acquiring new computers as it allows the Lessee to gain access to new technology at an affordable price.

This agreement is valuable as it clearly states the terms of the agreement, eliminates misunderstandings, and if a problem does occur, it can be easily referenced for guidance or clarification. It also includes clauses that assign liability and responsibility for maintenance and upkeep.