Equipment Rental Waiver
This Equipment Rental Waiver Agreement ("Agreement") is made between [RENTER NAME], referred to as "the Renter," and [YOUR COMPANY NAME], referred to as "the Company," situated at [YOUR COMPANY ADDRESS]. Upon signing this Agreement, the Renter acknowledges and accepts the terms and conditions outlined herein. For inquiries, please contact us at [YOUR COMPANY NUMBER].
I. Equipment Description
The Company agrees to rent the following equipment to the Renter: [LIST OF EQUIPMENT]. This equipment is provided in an "as is" condition, and no warranties are provided regarding the equipment’s condition or suitability for any particular purpose.
II. Rental Period
The rental period shall commence on [START DATE] and shall terminate on [END DATE]. Early return of the equipment does not entitle the Renter to a refund of any portion of the rental payment.
III. Payment Terms
The Renter agrees to pay a rental fee of [RENTAL FEE] for the use of the equipment. A deposit of [DEPOSIT AMOUNT] is required at the time of signing this Agreement, which shall be refunded upon returning the equipment in good condition, normal wear and tear excepted.
IV. Acceptance of Risk and Waiver of Liability
The Renter acknowledges that the use of the equipment involves certain risks.
Risks may include, but are not limited to, physical injury, damage to property, and potential death.
The Renter voluntarily assumes all related risks.
The Renter agrees to release, indemnify, and hold harmless [YOUR COMPANY NAME] and its employees, agents, and affiliates from any and all claims of negligence, loss, damage, injury, or death resulting from the use of the equipment.
This waiver and release are binding on the Renter's heirs, executors, administrators, and assigns.
V. Equipment Use and Restrictions
The Renter agrees to use the equipment in a safe and appropriate manner and shall comply with all applicable laws, rules, and regulations. The Renter shall not sublease or assign the equipment to any third party without the written consent of [YOUR COMPANY NAME].
VI. Maintenance and Repair
The Renter shall be responsible for the regular maintenance and care of the rented equipment during the rental period.
Any damage or necessary repairs caused by neglect or misuse shall be charged to the Renter.
Charges will be based on market rates for such repairs or replacement.
VII. Return of Equipment
Upon termination of the rental period, the Renter shall return the equipment to [YOUR COMPANY ADDRESS] in the same condition as it was at the commencement of the rental, normal wear and tear excepted. Failure to return the equipment timely will result in additional rental charges.
VIII. Legal Clauses
This Agreement shall be governed by the laws of the jurisdiction where [YOUR COMPANY NAME] is located.
Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.
The Parties agree to resolve any disputes arising under this Agreement through mediation before pursuing litigation.
IX. Signature
By signing this Agreement, the Renter acknowledges that they have read and understood the terms and conditions contained herein and agree to abide by them. The Renter is encouraged to seek independent legal advice prior to signing this Agreement.
[RENTER'S NAME]
[DATE]
[YOUR NAME]
[DATE]
Waiver Templates @ Template.net
