What does a leasing framework agreement mean?

A leasing framework agreement means that you, as a business operator, can enter into an agreement on leasing equipment for a total purchase price that corresponds to the agreed framework. If the agreed framework is DKK 500,000, you can acquire equipment for this amount. The framework is valid for 12 months from signature, which assures you that you are pre-approved when choosing equipment. A framework agreement provides flexibility because it can be used to purchase several different assets at different times, and you only pay leasing services on the amount you use from the framework.