An equipment lease is a non-cancelable contract between a Lessor and a Lessee for the lease of a specific piece of equipment selected from a manufacturer or vendor of such equipment by the Lessee. The Lessor retains ownership of the equipment while the Lessee gets to use the equipment to generate as much profits as possible, but pays only a small portion of the profits generated to cover lease rentals. In all cases, equipment and prices are determined by the Lessee.