{"iri":"https://folio.openlegalstandard.org/RGwPYMOUrxlxZFIvTL3mxC","label":"Equipment Lease","sub_class_of":["https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu","https://folio.openlegalstandard.org/RfXf27g03XAZTOicP782mW"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"An equipment lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and possess specific equipment for a predetermined period in exchange for periodic rental payments. These agreements often include terms related to maintenance, insurance, and the lessee's responsibilities during the lease term.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}