An Equipment Lease Termination Agreement is utilized when the parties to an equipment lease consent to terminate the original lease before the expiration date. Having a written termination agreement is beneficial as it clearly sets forth all the terms relating to the early termination of the lease. Having a written Termination Agreement will prove valuable in the event of misunderstandings or litigation.

Among others, this Equipment Lease Termination Agreement includes the following provisions:

• Parties to the Agreement: This provision contains the identity and names of the parties entering into the agreement;
• Equipment: Detailed description of the equipment which is being leased;
• Termination: Sets forth the effective date of the lease termination;
• Lease Termination Fee: Sets forth the amount of any termination fee the lessor deems fair;
• Return of Materials: Sets out the date the equipment is to be surrendered.

Protect Yourself and Your Property by using our professionally prepared up-to-date forms.

This lawyer-prepared packet contains:

1. General Information
2. Instructions and Checklist
3. Equipment Lease Termination Agreement for use in Canada

Law Compliance: This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon