Sample Lease-Purchase Agreement

• After Customer makes all required payments, pays all amounts due, and is not in default, Customer may purchase the equipment for $1.00.
• Ownership does not transfer until LED Sign City receives all required payments and the $1.00 buyout amount.
• Until that time, LED Sign City retains ownership and/or a security interest in the equipment.

• Customer agrees to make all monthly payments when due.
• This agreement is non-cancellable for the full lease-purchase term after commencement, unless LED Sign City agrees otherwise in writing.
• Customer's obligation to pay is not reduced because of equipment service needs, warranty claims, installation issues, or customer dissatisfaction, except where required by law.
• Customer may not withhold, offset, or reduce payments without written approval from LED Sign City.

• If installation is included, pricing assumes normal site conditions and a suitable structure unless a new basic structure is stated as included.
• Existing structures are subject to review by LED Sign City. If not suitable, final pricing may change.
• If a new basic structure is included, it is limited to the scope stated in the final agreement.

• If Customer does not own the property, Customer must obtain written property-owner or landlord approval before installation.
• LED Sign City may require the property owner to sign a consent form acknowledging the equipment remains owned by LED Sign City until all obligations are satisfied.
• Customer is responsible for obtaining and maintaining all property-owner approvals.

• Until Customer completes all payments and the $1.00 buyout, LED Sign City retains ownership and/or a security interest in the equipment.
• Customer grants LED Sign City a security interest in the equipment to secure Customer's obligations.
• Customer authorizes LED Sign City to file UCC financing statements to protect LED Sign City's interest.
• Customer may not sell, transfer, assign, pledge, remove, relocate, or dispose of the equipment without written approval.

• Customer must use the equipment only for lawful commercial purposes.
• Customer must keep the equipment in good condition and must not permit unauthorized repairs, alterations, or relocation.
• Customer must allow LED Sign City reasonable access to inspect, service, repair, or repossess the equipment.

• Customer is responsible for all applicable sales tax, use tax, rental tax, property tax, or similar taxes unless a valid exemption applies.
• If Customer claims tax-exempt status, Customer must provide a valid exemption certificate before tax can be removed.
• If a valid exemption is not provided or expires, applicable taxes may be added to the monthly payments.

• Customer is responsible for loss, theft, damage, vandalism, storm damage, fire, or power surge after delivery or installation.
• Customer must maintain insurance covering the equipment for not less than its replacement value.
• LED Sign City may require Customer to list LED Sign City as a Loss Payee until the agreement is completed and ownership transfers.
• Customer must provide proof of insurance upon request.

• The equipment may include access to software for content management and display updates.
• Customer is responsible for its own displayed content and agrees not to display unlawful or unauthorized material.
• Customer is responsible for internet or cellular service unless the final agreement states otherwise.

• If any payment is not received by the due date, Customer may be charged a late fee listed in the final agreement.
• Returned checks, failed ACH payments, chargebacks, or declined payments may result in additional fees.

• Customer may not assign this agreement or transfer the equipment without written approval from LED Sign City.
• LED Sign City may assign this agreement or its rights to a financing partner or other third party.

This sample agreement does not include a personal guaranty. Some accounts may require a separate guaranty document, which will be provided separately if required.

LED Sign City is not responsible for indirect, incidental, special, consequential, or lost-profit damages arising from the equipment, installation, software, service, downtime, or displayed content, except where prohibited by law.

This agreement will be governed by the laws of the state listed in the final agreement. Venue and dispute-resolution terms will be stated in the final agreement.

The final signed agreement, together with any exhibits, schedules, and signed amendments, will represent the entire agreement. Any changes must be in writing and signed by both parties.

This sample is for review before application. The final agreement may include project-specific changes including: customer name, equipment specs, monthly payment, taxes, installation scope, warranty terms, insurance requirements, and any other project-specific terms.