Arizona Equipment Lease Assignment

An assignment of equipment lease is a contract where a party who originally was leasing equipment (the “Assignor”) assigns his rights and responsibilities under that lease to another party (the “Assignee”), generally for the remainder of his/her lease term. The Assignor may choose to use an assignment for a number of reasons including change of business circumstances, financial concerns or other changes in circumstances.

This form can be used in Arizona.

This packet includes:
(1) Instructions and Checklist
(2) Information about the Assignment of Equipment Lease
(3) The Assignment of Equipment Lease (the “Assignment”).

Among others, this form includes the following provisions:
• Assignment of Rights
• Assumption of Obligations
• Security Deposit
• Indemnification
• Binding Effect of the Agreement
• Notice
• Waiver