Leasing to new company

Run that by OOIDA. Don't think it meets leasing rules

 

Amen................

 

it dont sound right to me either,you do need to be an ooida member for their web site but worth the 45 bucks a year especially with contacts.

 

Well if that's it,it's to short. Like someone made it up on there lunch break.LOL I see no mention of address of said company where business will be conducted. Where logs or any other maint reports and other dot required items will be. And regardless how u quit, if u turn in all paperwork,by law they have to pay u. May be a hassle,but they have to pay u.My lease is about 12 pages. Granted alot of legal mumbo jumbo. But everything is detailed and both parties are protected.

 

You do know this means they will provide said insurance, but you will pay for it. Run Forrest run.

Very unprofessional. They can't even work a contract correctly, as an example:

You will also end up paying for every scratch on every vehicle, wether you did it or not. They will deduct it, and there's nothing you can do about it.

 

#1: They don't have to pay for anything. It clearly states they will provide cargo and liability, but it also clearly states YOU will refund it to them, at whatever rate they charge you. Who knows how much they will inflate the price you pay.

#2: What is to stop them from showing you bogus claims from loads you delivered weeks ago and deducting the amounts from your checks? You signed a paper saying that basicially you are responsible for any type of damage you didn't note. Just looking at that contract, I would not sign it unless I personally knew these people really well, and they were really honest.

 

Your best way out of this is to not sign this contract agreement at all. There are other companies out there that will treat you fairly and interested in protecting themselves as well as you. If you sign this contract, you will get screwed, blued, and tattooed.

This contract, if this is the complete contract, looks like it was written on toilet paper! Most leasing contracts have a lot more legal terminology especially related to insurance, safety regulations, etc. It's almost exhausting to read through, but at least when you sign you know what to expect. They don't give you any breakdowns for detention or layover? But they're all over making sure that you understand you pay for your cargo and liability insurance. Why would you pay for that on a truck lease? You're leasing the tractor, not the trailer from them, correct? They pay for the bobtail insurance (which is generally less expensive than cargo and liability - especially depending on what you haul).

LESSES cannot compete with ************** Inc for 5 years after leaving unless they pay ************** Inc $5000 for their training.

This would scare me too. So, if you pay $5000 for training you didn't receive, then you can compete for their customers before 5 years? It highlights they're not interested in anyone's best interest except the lining of their pockets.

LESSES will not receive payment until ************* Inc is given log books and paperwork from the previous week.

Another unprofessionally written statement. Was this written by teenagers? "LESSEES must turn in log books and paperwork to ************* Inc within a week in order to receive payment by the following week."

I agree with stranger, RUN!