What is a financing contract

According to the relevant provisions of Chapter 14 of the Contract Law of the People's Republic of China*** and the State of China, a financial lease contract is a contract in which the lessor purchases a leased object from the seller according to the lessee's choice of the seller and the object to be leased, provides it to the lessee for use, and the lessee pays the rent. Financial leasing integrates lending, leasing, buying and selling, and is a transaction that combines financing and financing together. Financial lease contract is by the seller and the buyer (the lessor of the lease contract) between the sale contract and the lessor and the lessee of the lease contract, but its legal effect is not the sale and lease the effect of the two contracts simply superimposed. The subject of the lease contract is a tripartite party, i.e. the lessor (buyer), the lessee and the seller (supplier). The lessee asks the lessor to finance the purchase of the equipment needed by the lessee, and then the supplier hands the equipment directly to the lessee. Legal basis: the people's Republic of China *** and the State Contract Law, Article 237 of the financial leasing contract is the lessor according to the lessee of the seller, the choice of the leased goods, to the seller to buy the leased goods, provided to the lessee to use the lessee to pay the rent of the contract.