If a leasing company or lender is mistreating you, or if you want help structuring a fair lease or loan to obtain leased equipment, we're here to assist you
Equipment leasing and finance is a multi-billion-dollar industry and the second most popular means of financing business equipment in the United States. Most transactions are based on complicated and often difficult to read form documents drafted by the lessor’s lawyers. These forms strongly favor the lessor. Counsel experienced in representing lessees can protect your rights.
We routinely represent lessees and borrowers in resolving disputes under leases, equipment finance agreements, business loans and other financings. We also counsel lessees and borrowers in evaluating and negotiating transactions before they are signed, minimizing the risk to our clients.
While most leasing companies and lenders are honest and do not intend to defraud their customers, some bad actors do just that.
An equipment lease is not like a conventional loan agreement with a bank. Under the Uniform Commercial Code which applies to leases, you may have legal rights which actually contradict the language or express terms of the lease.
For example, a lease may obligate you to make a substantial payment at the end of the lease to own the equipment. However, you may have the right to own the equipment without making such payment, if the equipment does not have meaningful residual value.
Want to know more about the team behind Lessees.net?
Meet Jay Waller of Waller Law Office, headquartered in Birmingham, Alabama. He has maintained an active trial practice for over 35 years, representing plaintiffs and defendants in class actions, commercial disputes and other complex civil litigation in the Southeast and across the United States. Learn more >
Are you dealing with any of these common frauds?
Before You Sign:
There is no substitute for having any legal contract reviewed by qualified counsel before signing. Our lawyers can review and negotiate the terms of lease and loan agreements, avoiding the customary traps and pitfalls in lessor-generated form documents. For larger financings, we can assist in the preparation of Requests for Proposal. In fact, some clients prefer to provide lessors with the client’s own form contract, drafted to be fair and reasonable to both sides.
See the most common mistakes lessees make signing “standard” lease documents and how to avoid them >
This site is for lessees and borrowers who have financed business equipment through equipment leases, business loans secured by equipment and various other forms of business and commercial equipment finance agreements.
If you have a question about financings for a personal automobile, computer or other items that are not used in your business, or if you are interested in representation in connection with an apartment or other real estate lease, please contact a local attorney, the bar association or legal aid office in your city.