Third-party Lease Review

From this review a report is prepared listing vulnerable sections and clauses, and proposing more amenable alternate wording. The printer or purchasing agent can then negotiate with the supplier.

This in-house negotiation step is fraught with its own frustrations, as the supplier knows there are only days before the existing lease expires and the new one must go into effect or further usurious fees are enacted from the old lease. Automatic renewals, sometimes as long as 12 months, may be enacted if proper notification lease requirements are not taken. In other words, request the standard equipment lease from the supplier at the time they submit their RFQ response, which is 60 days or more before the old lease expires, or their bid is considered nonresponsive. (The game can be played both ways.)