Description and usage
Equipment Hire Agreement This agreement for the hire of equipment is suitable for use where one party, the owner, rents equipment to another party, the hirer. This five page document contains 10 clauses covering - definitions
- hire agreement
- delivery of equipment, by either Owner or Hirer
- hirer’s general obligations
- owner’s general obligations
- hire charges and payment
- indemnity
- termination
- assignment
- governing law and disputes
A schedule is also included, detailing equipment to be hired, hire charges, hire period and hirer’s premises. You need this document if you are an Owner or Hirer looking to protect your interests when loaning out equipment to other businesses. In the UK many hire agreements, when the hirer is an individual, are covered by the Consumer Credit Acts. This Agreement is not written subject to the Consumer Credit Act and is intended for commercial hiring, and not for hiring to consumers. What's in it? - See detailed Explanatory Notes below
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