A Medical Equipment Lease & Purchase Agreement governs acquisition or leasing of medical devices and technology. This playbook addresses maintenance, warranties, and ownership transfer terms.
Why This Matters: Provides financial protection against liabilities, supports compliance with regulatory and contractual obligations, and mitigates business risks.
Negotiation strategy
If you're the Healthcare Provider:
Ensure that the insurance coverage meets industry standards and includes all necessary types such as general liability and professional liability. Request proof of insurance annually to verify compliance.
If you're the Lessee:
Offer comprehensive insurance packages that cover a wide range of risks, including cyber liability. Provide clear documentation and proof of coverage to facilitate smooth contract execution.
Essential elements
1
Insurance Coverage
Types and limits of insurance.
2
Claims Handling
Procedures for claims resolution.
3
Proof of Insurance
Documentation of coverage.
Action framework
ACCEPT
Propose edits if coverage limits are insufficient or if claims handling procedures lack detail.
EDIT
Reject if the clause allows self-insurance without proof of coverage.
ADD
Add language for specialized insurance in high-risk activities.
PRO TIP
Always verify the financial stability of the insurance provider to ensure they can meet potential claims.
Example clauses
FAVORABLE
Preferred Insurance Clause
"The party shall maintain general liability insurance with coverage limits of no less than $1,000,000 per occurrence and $2,000,000 aggregate. Proof of insurance shall be provided annually."
NEUTRAL
Fallback Insurance Clause
"The party shall maintain insurance coverage with limits appropriate to industry standards and provide proof of insurance upon request."
UNFAVORABLE
Unfavorable Insurance Clause
"The party may self-insure for certain liabilities without providing proof of coverage."
Fallbacks
High-Risk Activities
Contracts involving high-risk activities like clinical trials require additional insurance coverage to address specific risks.
Regulatory Compliance
Ensure insurance clauses meet regulatory requirements to avoid legal penalties and ensure smooth operations.
International Operations
Consider additional insurance for international operations to cover jurisdiction-specific risks and liabilities.
FEATURED SOLUTIONS
Contract Email Agent
Self-service Al for instant contract review and markups.
Never leave your inbox. Effortless contract markups and summaries—delivered straight to your inbox. No signups, no apps, no plugins, no playbooks, no delays.
Import PDF. Redline on DocJuris. Export to Word. Save a day of work.
Import locked PDFs or Word docs and get work done with our world-class contract editing platform. Track your changes and comments and export seamlessly to MS Word without the headaches of clunky add-ins.
Markup clauses in seconds. See the reasoning, stay in control.
Negotiate with confidence using DocJuris’s AI-powered suggestions. Pick a suggested action to balance or lean specific terms in favor of a party. Or, quickly make a clause mutual or simpler with a single click without the back-and-forth.
Uncover opportunities and risks in your signed contracts.
Turn your contracts into structured insights. With Repository AI, DocJuris analyzes every imported agreement—so you always know what’s expiring, auto-renewing, or exposing risk. Total visibility, zero guesswork.
Unlike complex CLMs with long implementations and steep learning curves, DocJuris is built for speed and simplicity. We integrate with your workflow—whether connecting to a CLM or uploading agreements manually—so you're up and running in days, not months.
WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
Install Module
We connect DocJuris to your contract repositories, set up admin and user accounts, and ensure your environment is ready for success.
WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
Launch
We support you in rolling out DocJuris to a pilot group or your full organization—with launch materials, training, and hands-on support to drive adoption from day one.
Not another CLM
Tackle everything your team needs using existing IT without expensive consultants, outrageous user licensing fees, or complex coding. DocJuris takes on the heavy lift and delivers your requirements with its people, process, and technology.
See how DocJuris can automate your legal, procurement, and sales operations.
DocJuris is not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options,selection of forms or strategies.