Abstract
Finance lease is considered a very important method in advanced countries for funding enterprises. It enables facilities to achieve development, growth, and increases productivity. It facilitates the process of getting funds that shall be used for achieving development and using technology. The present study aimed to explore the stand of the Jordanian legislator on the finance lease contract. That is done through shedding a light on thematic and formal requirements of concluding this contract. The researchers aimed to identify the rights and obligations of the lessor and the lessee under the finance lease contract. These things are explored through adopting an analytical approach. Through adopting this approach, the researchers aimed to analyze several legislative texts in the Jordanian Civil Law and the Jordanian Finance Lease Contract Law.
Highlights
The present study aimed to explore the stand of the Jordanian legislator on the finance lease contract
The finance lease contract shall be considered null in case it doesn’t include any of the data that is identified through article 5/a of the Jordanian finance lease law
The researchers of this study suggested that the Jordanian legislator didn’t something good when considering the unwritten finance lease contract null if it wasn’t concluded in writing
Summary
Seeking conventional funding methods may require providing securities of major financial worth. Providing such securities may lead to experiencing insolvency. Due to the presence of finance lease contracts, the ones who want to launch or develop an enterprise do not have any more to seek obtaining conventional funding methods. Under the finance lease contract, the financer (lessor) shall enable the launcher of the enterprise (the lessee) to acquire machine without paying their full prince in advance. Under the finance lease contract, the launcher of an enterprise shall resort to a financial institution that is specialized in finance lease He shall present his ideas which require funding. When the contract between the lessor and the lessee expires, the lessee may acquire the ownership of the machines, return the machines to the lessor or renew the finance lease contract
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
