Leases of goods have existed for centuries, but until Article 2A was added to the Uniform Commercial Code in 1987, there was no coherent body of law to assist practitioners and judges in interpreting these contracts. Over 20 years after Article 2A was first adopted, many still do not understand how this article works. Many practitioners are unaware of this major addition to the Code and how it affects transactions such as leases of aircraft or other categories of capital equipment. This guide will give attorneys for lessors and lessees, as well as third parties such as lenders and equipment suppliers who are involved with lease transactions a concise, readable introduction to Article 2A. In particular, because Article 2A has contributed mightily to clarifying the law regarding rights of third parties, events of default, and remedies, the authors have devoted significant space to explaining these portions of Article 2A.