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Equipment Lease: Structure and Classification of Lease Checklist
Practical Law Checklist 4-520-3156 (Approx. 8 pages)
Equipment Lease: Structure and Classification of Lease Checklist
by Practical Law Commercial Transactions
| Maintained • USA (National/Federal) |
A Checklist of the main structural and classification issues to consider when drafting and negotiating an equipment lease, including whether to structure the transaction as a sale of goods under Uniform Commercial Code (UCC) Article 2 or a lease of goods under UCC Article 2A, and issues relating to the treatment of the lease under the UCC, federal tax law, and the accounting rules.