The 'Right of Choice' in the Financial Leasing Contract

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Mohammad Hamdan
Russian Federation
Financial leasing is one of the most important means of external financing created by commercial dealings. It is a legal contract through which the Lessee (the investor) can obtain her/his financing needs, and the lessor (the finance company) can guarantee its rights to retrieve the money used to finance the lessee, in addition to the expected profit. Depending on the legislation there can be differences. By using this form of leasing, the lessee is funded in kind, not in cash. That is what distinguishes this way from other financial ways. Besides that financial leasing is characterized by the rights which the lessee has at the end of the contract period. It is called the "Right of Choice". So what is that right? The "Right of Choice" is defined as the right which is granted to the lessee to choose between three options at the end of the financial leasing process, provided that she/he has fulfilled her/his obligations towards the lessor. These options are: 1. Purchase the object of (...) Read more? Sign up for free

 

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