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essence, the Master Lease agreement determines a particular set of
terms and conditions which are negotiated with you at the outset -
very similar to the conditions on the reverse of our current documentation.
As and when you wish to order a piece of equipment, you will complete
the tailor made order form which gives reference to the Master Lease
agreement and details of the equipment with their agreed costs. This
may be facilitated on your own purchase orders. The
Master Lease agreement makes the process of ordering equipment far
more convenient and will shorten the purchasing cycle. For
a guideline the Master Lease is applicable to those customers who are
interested in acquiring approximately £50,000 - £1,000,000
worth of equipment, and also warrants this amount of credit. I have
summarised below the main points of the Master Lease agreement, an
example of which is attached: Firstly the
terms of the agreement are pre-negotiated with you. The details that
are confirmed at this stage and form part of the agreement include: -
An Order Form (see schedule A) which details all the information that
must be included to instigate a separate lease for each order. -
Details of all types of equipment available and the payments in respect
of their rental and any maintenance (schedule to be attached to Master
Lease agreement). - The Terms & Conditions
of Hire are specified at this point and the Order Form gives reference
to the Master Lease agreement. - Each time
a purchase unit of your company wishes to lease as an additional piece
of equipment, an order form is completed and signed, and a separate
lease will be instigated in the normal way. This includes the ability
to upgrade equipment in the usual way and add to existing equipment
on a Co-terminus basis. - The benefits of convenience
of order, ease of supply and the assurance of using an approved computer
supplier will produce time and cost savings for you. Should
you have any further queries or questions, please do not hesitate to
contact Hewlett Packard Financial Services Lease Support Desk on
0800 068 1989. |