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Equipment Financing

Most people who buy a home and obtain mortgage financing will retain a lawyer to have their rights protected and their obligations explained. A new piece of heavy equipment can cost more than a house, and yet equipment is usually purchased and money borrowed with very little explanation, and no legal representation. If anyone does seek legal advice respecting the transaction, it is usually after the borrower has defaulted on the agreement. By then, explaining the borrower’s rights and...

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