Implementation of Leasing Contract in Non-Banking Finance Institutions

Lina Maulidiana

European Research Studies Journal, 2018, vol. XXI, issue 4, 255-267

Abstract: The purpose of this article is to analyze the legal relationship of a Leasing Business financing contract of three legitimate parties and bind between supplier, lessor and lesse. The research methodology is classified as an applied normative-empirical legal research that examines the implementation of positive legal provisions and factual contracts on each lease contract. The type of research is descriptive, which describes the legal events in the form of leasing of business procurement of goods to run the company and analyzed qualitatively.The results refer to Dipo Star Finance companies in Bandar Lampung, Indonesia, concluded that the details of the rights and obligations of the parties were not balanced. The lessor's obligations are limited by a fairly strict exoneration clause. The lessee is responsible for default by the settlement of paying capital goods rent along with late penalties, or withdrawal of capital goods by the lessor. Goodwill of the parties is a supporting factor in the lease contract while the inhibiting factor is the failure to run a business. In order not to burden the lessee, the lessor should be able to set a contract standard containing equal rights and obligations and the parties can enter into a joint agreement in an additional clause that is not separate from the lease contract.

Keywords: Contracts; Leasing; Non-Bank Financing Institutions (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxi:y:2018:i:4:p:255-267

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