The Equipment Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring both editable and printable versions.
Equipment Loan Agreement Template UK Editable – PrintableSample
Equipment Loan Agreement Template UK 1. Borrower Information 2. Lender Information 3. Equipment Details 4. Loan Term 5. Purpose of Loan 6. Borrower’s Responsibilities 7. Lender’s Responsibilities 8. Payment Terms 9. Insurance Requirements 10. Indemnity and Liability 11. Termination Conditions 12. Signatures and Agreement 13. Declaration and Signatures
PDF
WORD
Examples
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement outlines the terms under which [Name of the Lender] agrees to loan equipment to [Name of the Borrower], commencing on [Start Date].
The equipment subject to this agreement includes: [List specific equipment details such as make, model, serial number, and quantity].
The loan period shall commence on [Start Date] and shall continue until [End Date], unless otherwise terminated in accordance with this Agreement.
The Borrower agrees to pay the Lender a total fee of [Amount] as rental for the use of the equipment, with payments due on [Payment Schedule, e.g., monthly].
The Borrower agrees to use the equipment solely for [Specified Purpose], and shall not transfer or sublet the equipment without the prior written consent of the Lender.
The Borrower shall be responsible for proper maintenance and care of the equipment and shall notify the Lender of any damage or need for repairs immediately.
The Borrower shall maintain sufficient insurance coverage for the equipment and shall indemnify the Lender for any losses or damages incurred.
This agreement may be terminated by either party with [Notice Period, e.g., 30 days] written notice or immediately for breach of terms and conditions.
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
This agreement specifies the terms for the loan of equipment from the Lender to the Borrower, effective from [Start Date].
The equipment being loaned consists of: [Comprehensive description including type, model, and any specific characteristics].
The duration of this equipment loan shall be [Specify duration, e.g., 6 months], unless extended or terminated by mutual consent.
The Borrower will pay the Lender [Amount] for use of the equipment, with payments to be made [Payment Schedule and method].
The Borrower must ensure that the equipment is used in accordance with the manufacturer’s guidelines and is not subjected to inappropriate use.
The Borrower must procure and maintain an insurance policy that covers any damages or loss to the equipment during the loan period.
Upon conclusion of the loan period, the Borrower agrees to return the equipment in the same condition (normal wear and tear excepted) to the Lender at [Return Location].
In case of default or breach of this agreement, the Lender shall have the right to terminate the agreement and reclaim the equipment immediately.
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
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