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This Truck Lease Agreement is designed for use in the United Arab Emirates when a business needs to lease commercial trucks for their operations. The agreement complies with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and related transportation regulations, providing a comprehensive framework for the lease relationship. It covers crucial aspects such as vehicle specifications, payment terms, maintenance obligations, insurance requirements, and liability provisions. The document is particularly relevant for businesses seeking to expand their fleet without capital investment, requiring temporary additional capacity, or preferring operational leasing over vehicle ownership. This agreement includes specific provisions adapted to UAE commercial practices and legal requirements, making it suitable for both short-term and long-term leasing arrangements.

1. Parties: Identification of lessor and lessee with full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. Lease Terms: Duration of lease, commencement date, and renewal provisions

5. Vehicle Description: Detailed description of the truck(s) including make, model, year, VIN, and registration details

6. Rental Payments: Payment amount, frequency, method, and late payment consequences

7. Security Deposit: Amount, terms of holding, and conditions for return of security deposit

8. Use of Vehicle: Permitted uses, territorial limits, and restrictions on vehicle usage

9. Maintenance and Repairs: Responsibilities for maintenance, repair procedures, and cost allocation

10. Insurance Requirements: Mandatory insurance coverage, responsible party for insurance, and claim procedures

11. Liability and Indemnification: Allocation of risks, liability limitations, and indemnification obligations

12. Default and Termination: Events of default, termination rights, and consequences of termination

13. Return of Vehicle: Condition requirements, inspection process, and return procedures

14. Governing Law: UAE law as governing law and jurisdiction specifications