Equipment Loan Contract Template

Equipment Loan Agreement

TR.CL.04.13

This Equipment Loan Agreement is for use on a business to business basis where one party is to hire equipment to another party. It is not suitable for use where the hirer of the equipment is a consumer.

This document is compliant with the GDPR (General Data Protection Regulation).

This Equipment Loan Agreement includes provisions relating to training and instructions; fees and payment; and breakdown of the equipment.

This template provides a flexible agreement which can be used for transactions where the equipment is to be collected or delivered and is to be paid for by periodic instalments or lump sum. 

The Equipment Loan Agreement contains the following clauses:

1. Definitions and Interpretation

2. Term

3. Delivery and Collection

4. Fees and Payment

5. Title and Risk

6. Insurance

7. Training

8. Company’s Undertakings

9. Owner’s Undertakings

10. Breakdown and Repair

11. Termination 

12. Data Protection

13. Liability

14. Indemnity

15. Nature of the Agreement

16. Force Majeure

17. Notices and Service

18. Applicable Law and Jurisdiction

And the following Schedules:

Schedule 1: Equipment and Hire Fees

Schedule 2: Payment Schedule

Schedule 3: Training/Instructions

Schedule 4: Privacy Policy

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