Article 16. The validity of the lease agreement of the Financial Leasing Act

Home / RLA / Article 16. The validity of the lease agreement of the Financial Leasing Act

1. The term of the lease agreement is determined by the parties, taking into account the provisions established by Article 2 of this Law.

2. The lease agreement comes into force and becomes binding for the parties from the moment of signing the agreement, unless otherwise provided by the legislation or the lease agreement.

3. The lease agreement terminates from the moment the parties fulfill all their obligations, as well as in other cases provided for by legislative acts.

The Law of the Republic of Kazakhstan dated July 5, 2000 No. 78.

This Law regulates relations arising in the process of financial leasing and is aimed at attracting investments based on leasing activities.

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