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1. Parties: Identifies and provides full details of the lender and borrower
2. Background: Brief context explaining the purpose of the equipment loan arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Equipment Details: Describes the equipment being loaned, including identification numbers and condition
5. Loan Period: Specifies the duration of the loan, including start and end dates
6. Borrower's Obligations: Lists the responsibilities of the borrower including proper use, maintenance, and storage of equipment
7. Return of Equipment: Specifies the conditions and process for returning the equipment
8. Risk and Insurance: Addresses who bears the risk and responsibility for insurance during the loan period
9. Costs and Expenses: Details any costs associated with the loan, including maintenance and repairs
10. Termination: Outlines how and when the agreement can be terminated by either party
11. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments
1. Security Deposit: Required when a security deposit is to be paid and details of its handling and return
2. Training Requirements: Needed when the equipment requires specific training or certifications to operate
3. Maintenance Schedule: Used when the equipment requires regular maintenance during the loan period
4. Sub-lending Prohibition: Include when explicitly prohibiting the borrower from lending the equipment to third parties
5. Export Controls: Required when the equipment is subject to export control regulations
6. Intellectual Property: Needed when the equipment includes software or proprietary technology
1. Schedule 1 - Equipment Specification: Detailed technical specifications and condition report of the equipment
2. Schedule 2 - Equipment Photos: Photographic evidence of the equipment's condition at the time of loan
3. Schedule 3 - Operating Instructions: Specific instructions for proper use and maintenance of the equipment
4. Appendix A - Condition Report Form: Template for recording equipment condition at loan start and return
5. Appendix B - Incident Report Form: Template for reporting any accidents or damage during the loan period
Approved Purpose
Borrower
Business Day
Commencement Date
Condition Report
Damage
Equipment
Fair Wear and Tear
Force Majeure Event
Insolvency Event
Lender
Loan Period
Location
Loss
Maintenance Requirements
Operating Instructions
Permitted Users
Return Date
Return Location
Security Deposit
Specifications
Term
Third Party
Loan Term
Delivery and Collection
Use of Equipment
Maintenance and Repair
Risk and Insurance
Liability
Payment and Costs
Representations and Warranties
Health and Safety
Return of Equipment
Termination
Default
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Indemnification
Compliance with Laws
Inspection Rights
Intellectual Property
Confidentiality
Education
Construction
Information Technology
Healthcare
Events and Entertainment
Manufacturing
Research and Development
Media Production
Agriculture
Mining
Film and Television
Photography
Sports and Recreation
Laboratory and Scientific
Non-Profit
Operations
Administration
Facilities Management
Legal
Procurement
Asset Management
Risk Management
Production
Research
Laboratory Services
Equipment Management
Property Services
Compliance
Health and Safety
Operations Manager
Facility Manager
Equipment Coordinator
Department Head
Administrative Officer
Project Manager
Production Manager
Research Director
Laboratory Manager
Asset Manager
Procurement Officer
Legal Counsel
Risk Manager
Safety Officer
Department Administrator
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