Product Details

by Edward K. Gross
Spring 2001

A lessor carefully considers the various credit, residual,and other investment risks before participating in an equipment finance transaction. However, seldom is much attention paid to the basic legal implications of such an investment since they are, generally, well known and addressed in standard lease documents. Sweeping changes in applicable commercial laws are rare, and the occasional legislative or interpretive changes may be addressed by minor revisions to the lease forms or by changes in the performance of the related rights or remedies.