Texas Business and Commerce Code 94.002 – Contract for Excess Wear and Use Waiver
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Terms Used In Texas Business and Commerce Code 94.002
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A lessee may contract with a lessor for an excess wear and use waiver in connection with a lease agreement.