Equipment leasing covers agreements where a business uses or rents machinery, vehicles or other assets for a fixed period, while ownership remains with the lessor. A solicitor drafts the lease, checks warranties, service and maintenance terms, insurance, and termination rights; negotiates rent, non-payment remedies, and return conditions; reviews security interests and any collateral, and coordinates with suppliers, insurers and funders. The work often follows standard commercial lease structures, with particular care to liability, uptime obligations and the ability to upgrade or swap equipment.
What a solicitor handles in these matters
The provisions and procedures—licence to use equipment, maintenance, service levels, insurance, title, and remedies for breach—tend to be contract-focused and involve interaction with lenders, suppliers and service providers. The solicitor handles the drafting and negotiation of the lease, checks warranties and performance guarantees, and manages issues around termination, replacement, and enforcement of remedies if a party defaults.
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