A Equipment Lease Agreement Word Document is an important document used when leasing equipment from one business to another. It is a legally binding contract that outlines the specific terms of the lease, including the length of the lease term, the cost of the rental payments, and any additional clauses or specifications associated with the equipment. The agreement also serves as a record of the transaction and provides each party with evidence of their obligations in the event of a dispute. The Equipment Lease Agreement Word Document ensures that both parties are aware of the details of the agreement so that they can enter into the deal with confidence.