A heavy equipment lease agreement is a legally binding contract between two parties – the Lessee, who takes possession and use of the equipment; and the Lessor, who owns the equipment. This agreement sets out all the terms and conditions that both parties must adhere to if they want to remain in compliance. It can cover many different aspects such as duration of the lease, payment plan, insurance requirements, and how to handle any problems or damages which may occur while the equipment is being used. By signing this agreement, both parties agree to abide by its provisions and it gives them legal recourse should anything go wrong. A well-written lease agreement can help protect both the Lessee’s investments and their reputation. So if you’re considering leasing heavy equipment, make sure you get the right agreement in place first!