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State of ____________

HEALTH EQUIPMENT LEASING AGREEMENT

This HEALTH EQUIPMENT LEASING AGREEMENT (“Agreement”) is effective as of


this ______ day of _________________, 20___, between Alset Solution, LLC. having an
office at
______________________________________________ (hereinafter referred to as
LESSOR)
and the Healthcare entity named below having its principal office Located at the address
listed below, (hereinafter referred to as the LESSEE).

Lessee's Name: __________________________________________________

Entity Name: ___________________________________________

Lessee's Address:
___________________________________________________________________________
________________________.

WHEREAS, LESSOR has in its possession certain Health equipment and supplies
(hereinafter collectively referred to as the “Equipment”) to perform certain Health Insight
tests that may be useful, provided there is medical necessity, to the Lessee's practice.
Equipment and personnel (technician) will test patients under the direct control and direct
supervision provided by the Physician/Professional.

WHEREAS, LESSOR wishes to lease to LESSEE and LESSEE wishes to lease from
LESSOR said Equipment on the terms, conditions and provisions hereinafter set forth and in
consideration of the foregoing upon the mutual covenants, conditions and Agreements
contained herein

NOW THEREFORE, both parties agree to the following:

1. Description of Equipment and Services:

LESSOR shall be responsible for all costs associated with the acquisition, maintenance and
any repairs of the equipment.
LESSOR shall provide any conductive medium, gauze pads, tape and other supplies
incidental to performing the Tests with the Equipment. LESSEE will be charged the fair
market value for these consumable supplies.

During the term of this Lease Agreement, LESSEE shall have the exclusive use of the
equipment for the purpose of performing the Tests.

At its sole cost, LESSEE shall provide a patient examination performing the Tests.

2. Leasing Fee:

2.1 LESSOR shall provide Equipment to LESSEE, at the designated location,

2.2 LESSOR hereby agrees to pay LESSOR a lease fee as Down Payment of Five Thousand
Dollars ($5000.00), and Two-hundred and Fifty Dollars ($250.00) per week including 30% of
ongoing Usage-fee.

2.3 Payment of these charges are due and payable ____ days prior to every new week.

2.4 Reasonableness of Payment: The rates charged by LESSOR reflect fair market value for
all services

2.5 The parties acknowledge that valuation for equipment reflect fair market allowance and,
upon written notice, are subject to change.

2.6 LESSEE shall not be entitled to any reduction in Lease fee on the basis that LESSEE did
not need or use the Equipment for any portion of any agreed upon period.

3. Ownership of Equipment:

LESSEE understands and agrees that the Equipment is and will be owned exclusively by
LESSOR and that LESSEE will at no time have right to the title of the equipment.

4. Indemnity:

LESSEE shall indemnify and hold harmless LESSOR and its owners, shareholders, officers,
directors, members, managers, contractors, agents and employees, from and against any and
all claims, actions, suits, proceedings, investigations, settlements, costs, expenses, refunds,
claims, damages and liabilities.
5. Term and Termination:

This Agreement shall begin on the date executed and shall continue in full force and effect
for _______ YEAR/MONTHS unless terminated as provided herein. Either party may
terminate this Agreement for good cause at any time upon thirty (___) days written notice,
provided such termination is effective on or after the first (______ ) anniversary of the
Effective date. This Agreement shall automatically renew and continue in force after _____
or until either party provides such written notice of termination. Additionally, LESSOR may
terminate this Agreement on five (5) days written notice if LESSEE fails to timely pay the
lease fee which group and Lessee agree would be a material breach of this Agreement and
good cause for termination. If this Agreement is terminated for good cause, the party shall not
enter into a similar Agreement for the provision of tests prior to the first anniversary of the
effective date of this Agreement.

6. Miscellaneous:

6.1 Notices: Any notice, request, demand, or other communication given pursuant to the
terms of this Agreement shall be deemed given upon delivery, if hand delivered, or forty-
eight (48) hours after deposit in United States mail, postage prepaid, and sent certified or
registered mail, return receipt requested, correctly addressed to the addresses of the parties
stated above or at such other address as such party shall in writing have advised the other
party.

6.2 Entire Agreement. This Agreement constitutes the entire Agreement between the parties
and no oral, contemporaneous or other Agreements or statements shall be part of this
Agreement.

6.3 Modifications: This Agreement shall not be changed, modified or amended, except by


writing and signed by the parties hereto.

6.4 Binding Effect: This Agreement shall inure to the benefit of; and be binding upon the
parties hereto and their respective heirs, successors, assigns, executors and administrators.

6.5 Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of______ without regard for conflicts of law principles. All questions
with respect to the construction of this Agreement, and the rights and liabilities of the parties
hereto, shall be governed by the laws of the State of _________ without regard to this
conflict of law provisions. The parties agree that jurisdiction and venue for any action
relating to this Agreement will be in the county of ________, State of _______. The parties
expressly waive any claim to jurisdiction in any federal forum.
6.6 Excluded liabilities: In no event will LESSOR’S liability under this Agreement or in
connection with any services or equipment provided by LESSOR’S regardless, of the form of
action, include any indirect, incidental, special or consequential damages or claims for loss of
business or profit, even if LESSOR has been advised of the possibility of such potential loss
or damage. No responsibility is assumed by LESSOR for any damages resulting from any
failure of the equipment or its operation, or the acts or omissions of personnel, including
incidental, consequential or punitive damages.

6.7 Third Parties. This Agreement is not intended and shall not be construed to create any
rights for any third party.

6.8 Modification and Waiver: No modification or waiver of any provision of this


Agreement shall be valid unless in a writing that refers to this Agreement

IN WHEREOF, the parties have executed this Agreement as of the date(s) given below.

LESSOR
Date: ________________________________________

Alset Solution, LLC

Signature: _________________________________________

Print Name: ________________________________________

LESSEE

Date: ________________________________________

(Lessee company name _____)

Signature: _________________________________________

Print Name: _______________________________________

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