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Legal aspects of the finance lease. "A Comparative Study" | ||
| Risalat al-huquq Journal | ||
| Article 9, Volume 2, Issue 1, 2010, Pages 148-165 PDF (0 K) | ||
| Author | ||
| nejlla tawfig | ||
| Abstract | ||
| The legal aspects of leasing contract The Leasing contract is an important means to secure financials assistance to the economic firm and insure their activities continue . The main characterize of this contracts that : The lessee rent the equipment which hi needs , but haven't enough mony or have no ability to borrow from the bank , by signing An agreement where the leaser receives lease payments to cover its ownership costs. The lessee is responsible for maintenance, insurance, and taxes. Some finance leases are conditional sales or hire purchase agreements. at the end of the leasing period, the lessor /financer undertakes to take into account the user's option right to purchase the asset, to extend the leasing contract or to cease contractual relationships. The main question is there an necessity to the Iraqi legislator to issued special law organized leasing contracts? Or general rolls in the civil law is enough .. | ||
| Keywords | ||
| Finance lease contract | ||
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