A Letter Of Intent To Hire Equipment is commonly used in Australian business contexts when parties wish to formally express their intention to enter into an equipment hire arrangement before finalizing a full hire agreement. This document is particularly useful in situations involving high-value equipment, complex arrangements, or when parties need to demonstrate commitment to proceed with the hire while finalizing technical details. While not fully binding, it typically contains key commercial terms, equipment specifications, intended hire periods, and basic responsibilities, serving as a stepping stone to the final agreement. It helps parties align their expectations and can be used to secure internal approvals or preliminary financing. The document must comply with Australian commercial law principles and industry standards, particularly those relating to equipment hire and fair trading practices.

1. Letter Header: Date, sender/recipient details, and reference numbers

2. Subject Line: Clear indication that this is a Letter of Intent to Hire Equipment

3. Introduction: Brief statement identifying the parties and the purpose of the letter

4. Equipment Details: Specific description of the equipment intended to be hired

5. Intended Hire Period: Proposed duration of the hire arrangement

6. Commercial Terms: Proposed pricing, payment terms, and basic commercial conditions

7. Key Conditions: Essential conditions that will form the basis of the final hire agreement

8. Next Steps: Process and timeline for finalizing the formal hire agreement

9. Non-Binding Statement: Clear statement that this is a non-binding letter of intent

10. Closing: Signature blocks and execution details