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Lease Contracts: Your Terms and Conditions

Author(s):

Joe Polance, C.P.M., A.P.P.
Joe Polance, C.P.M., A.P.P., Purchasing Manager, American Suzuki Motor Corporation - Brea, California, 714-996-7040 ext. 2267, jpolance@suz.com

88th Annual International Conference Proceedings - 2003 - Nashville, TN
Abstract

Lease contracts are traditionally standard documents, created by the lessor, written for the benefit of the lessor's organization, and usually will contain requirements and clauses that can be very detrimental to the lessee's organization. This session will spotlight some of the lease caveats to watch out for, and then suggest principled alternatives that will mitigate your company's risk exposure and enhance your lessor/supplier's performance. Two characters, Mr. Trouble-Clauser and The Terms-minator, will help us illustrate both the typical potentially negative aspects of lease agreements and then the positive alternatives to them. Last, a standard boilerplate example will be offered that you can use as a framework to create your own lease contract. Come join us for an interesting, informative, interactive, and fun session.

Lease Contracts: Your Terms and Conditions — 32 KB (PDF)