Free Equipment Rental Agreement
Date: November 4, 2050
This Equipment Rental Agreement (“Agreement”) is made between [Your Company Name], located at [Your Company Address], and MisfitCo, located in Jersey City, NJ 07302. The parties hereby agree to the following terms and conditions regarding the rental of equipment.
I. Rental Equipment
The following equipment will be rented under this Agreement:
Item Description | Quantity | Rental Rate per Day | Total Rental Cost |
|---|---|---|---|
Excavator Model X1 | 1 | $200.00 | $200.00 |
Generator 5000W | 2 | $75.00 | $150.00 |
Scaffolding Set | 1 | $100.00 | $100.00 |
Total Estimated Cost: $450.00
II. Rental Period
The rental period will commence on November 10, 2050, and will end on November 24, 2050, unless otherwise terminated in accordance with this Agreement.
III. Payment Terms
Payment shall be made as follows:
Deposit: A deposit of $100.00 is due upon signing of this Agreement.
Final Payment: The $350 balance is due before the rental begins.
Payments should be directed to:
[Your Company Name]
[Your Company Address]
IV. Responsibilities of the Parties
Responsibilities of [Your Company Name]
To provide the equipment in good working condition.
To offer the necessary support for the equipment during the rental period.
Responsibilities of MisfitCo
To use the equipment solely for the agreed purposes.
Return the equipment in its original condition, excluding normal wear and tear.
V. Insurance and Liability
MisfitCo agrees to maintain adequate insurance coverage for the equipment during the rental period. [Your Company Name] shall not be liable for any injuries or damages that occur during the use of the rented equipment.
VI. Termination
This Agreement may be terminated by either party with written notice if the other party breaches any term of this Agreement. Upon termination, MisfitCo shall return all rented equipment immediately.
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey.
VIII. Signatures
By signing below, both parties agree to the terms of this Equipment Rental Agreement.
[Your Name]
Date: November 4, 2050
Dayton Rohan
Date: November 4, 2050
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Facilitate equipment rentals with the Equipment Rental Agreement template from Template.net. Whether it's for construction equipment, event rentals, or business equipment, this agreement ensures a clear understanding between parties involved in equipment rentals. Download the template and create a comprehensive Equipment Rental Agreement for successful equipment leasing. Get yours today.
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