EQUIPMENT USE AGREEMENT

EQUIPMENT USE AGREEMENT

BETWEEN

____________________________________________________

(THE “COMPANY”)

AND

______________________________________________________

(THE “USER”)

__________________________________________________________________________________

THIS AGREEMENT is made on the …………..day of……….20……., by the Company and User (collectively referred to as “Parties” or individually as “Party”) and includes that Party’s successors and assigns.

In consideration of covenants and agreements contained in this agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged, Parties agree to the following terms and conditions and to be bound thereby:

1. CONTRACT DURATION 

This agreement shall be valid from ___________________for one (1) year and shall be renewable on a monthly basis.

2. EQUIPMENT (LAPTOP AND MONITOR)

The Company hereby agrees to rent the User the following (“Equipment”):

	Laptop	Monitor
Name
Serial number
Make
Model
Year
Color
Estimated replacement value of Equipment
Location for placement of Equipment

3. OWNERSHIP OF EQUIPMENT

The Company shall maintain ownership of the Equipment, and User shall not acquire any ownership interest in the Equipment, regardless of maintenance, repairs, or replacement which might be deemed to be necessary as a result of damage to or loss of the Equipment.

4. USE OF EQUIPMENT

The User shall use the Equipment responsibly and only for the purposes for which it is intended to execute their contractual responsibilities with the Company and comply with all laws, rules, regulations, and orders regarding the use of the Equipment. The Equipment shall not be utilized for personal use.

5. INSPECTION

Company and User acknowledge that the Equipment has been inspected, and the User accepts the Equipment as being in good condition, not including the manufacturer’s defects.

6. MAINTENANCE OF EQUIPMENT

The Company shall maintain the Equipment in good condition and per all manufacturers and warranty requirements.

7. ENCUMBRANCES

User shall keep the Equipment free and clear of any encumbrances and shall not permit any act where Company’s title or rights may be negatively affected.

8. RETURN OF THE EQUIPMENT

Upon the expiration or termination of this agreement, the User will return the Equipment in the same condition it was in at the beginning of the term. Ordinary wear and tear are accepted. 

9. LIABILITY OF THE PARTIES

• The User hereby indemnifies and holds harmless the Company and any party who may claim through the Company against any claims, loss, or damage arising from the use of the Equipment or this agreement unless otherwise expressed.
• The Client shall indemnify the Company for any damages on the Equipment. The damaged Equipment shall be repaired or replaced at the User’s expense.
• The Company will send an overnight label and the User agrees to securely package for shipment failure to which the User shall be liable to pay the cost of the equipment.

10. DISPUTE RESOLUTION

Mediation shall resolve any dispute under this agreement. 

11. TERMINATION

• Either Party may terminate this agreement at any time if the other Party agrees to the termination in writing.
• Either Party may terminate this agreement upon giving the other Party no less than ________days’ notice in writing. If a Party wishes to terminate the contract with less than these stated days, the other Party reserves the right to charge costs that they have already paid in advance or incurred.

IN WITNESS WHEREOF, the Parties have executed this agreement, as set below.

Signed by the duly authorized representative of the COMPANY: Signature: …………………………………………… Name: …………………………………………….… Designation: ………………………………………… Date:…………………………………………….……

Signed by the duly authorized representative of the USER Signature: ……………………………………………. Name: …………………………………………….…… Designation: ………………………………………… Date:…………………………………………….………