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Operating Lease
A lease agreement for the use of equipment or property for a shorter period than the asset's life expectancy, without transferring ownership rights.
Right To Cancel
A clause or provision in a transaction that allows a party to withdraw from the contract under certain conditions before it is fully executed.
Operating Lease
A lease agreement for the use of an asset without ownership transfer, typically involving payments for a period shorter than the life of the asset.
Required To Maintain
Obligatory actions or measures needed to keep a system, process, or asset in working order or to uphold a specific condition.
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