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Loan For Use Agreement
"I need a Loan for Use Agreement under Belgian law for lending specialized laboratory equipment to a research institution for a 6-month period starting March 2025, with specific provisions for maintenance and calibration requirements."
1. Parties: Identification and details of the lender and borrower
2. Background: Context of the loan arrangement and relationship between parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Object of the Loan: Detailed description of the item(s) being loaned
5. Term of Loan: Duration of the loan and conditions for return
6. Delivery and Return: Specifications for how and where the item will be delivered and returned
7. Use of the Loaned Item: Permitted uses and restrictions on use of the loaned item
8. Care and Maintenance: Borrower's obligations regarding maintenance and preservation
9. Costs and Expenses: Allocation of costs related to use, maintenance, and transportation
10. Risk and Liability: Assignment of risk and liability for damage or loss
11. Termination: Conditions and procedures for early termination
12. Governing Law and Jurisdiction: Specification of Belgian law application and competent courts
1. Insurance: Required when the loaned item has significant value or specific risks
2. Third Party Use: Include when third party access to the loaned item may be relevant
3. Intellectual Property: Necessary when the loaned item involves IP rights
4. Security Deposit: Optional section for cases where a security deposit is required
5. Force Majeure: Include for longer-term loans or when specific risks need to be addressed
6. Reporting Requirements: Include when regular updates on item condition or use are needed
7. Modifications: Include when modifications to the loaned item might be necessary or permitted
1. Schedule 1 - Item Description: Detailed technical specifications and condition report of loaned item
2. Schedule 2 - Delivery and Return Protocol: Detailed procedures for handover and return
3. Schedule 3 - Maintenance Requirements: Specific maintenance procedures and schedules
4. Schedule 4 - Photographs: Visual documentation of item condition at time of loan
5. Schedule 5 - Usage Guidelines: Detailed instructions for proper use and operation
Authors
Loaned Item
Permitted Use
Term
Commencement Date
Return Date
Lender
Borrower
Delivery Location
Return Location
Force Majeure
Maintenance Requirements
Normal Wear and Tear
Operating Instructions
Authorized Users
Business Day
Condition Report
Material Breach
Security Measures
Intellectual Property Rights
Related Documentation
Applicable Law
Lending Period
Permitted Location
Emergency Contact
Definitions
Object of Loan
Term and Duration
Delivery and Return
Use Rights and Restrictions
Care and Maintenance
Risk Allocation
Costs and Expenses
Insurance
Liability and Indemnification
Representations and Warranties
Title and Ownership
Force Majeure
Termination
Default and Remedies
Assignment and Transfer
Notices
Confidentiality
Data Protection
Health and Safety
Intellectual Property
Amendments
Severability
Entire Agreement
Waiver
Third Party Rights
Governing Law
Jurisdiction
Language
Education
Technology
Manufacturing
Arts and Culture
Research and Development
Non-Profit
Healthcare
Construction
Agriculture
Sports and Recreation
Legal
Operations
Facilities Management
Asset Management
Risk Management
Procurement
Administration
Compliance
Property Management
Legal Counsel
Operations Manager
Facility Manager
Asset Manager
Risk Manager
Property Administrator
Procurement Officer
Department Head
Museum Curator
Research Director
Equipment Manager
Compliance Officer
Contract Administrator
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