Document background
The Product Loan Agreement serves as a crucial legal instrument for situations where one party (the lender) grants another party (the borrower) temporary use of specific products without transferring ownership. This document type is essential in Belgian business practice and is governed by Belgian law, particularly the Civil Code's provisions on loan agreements (bruiklening/prêt à usage). The agreement is commonly used for equipment testing, demonstration purposes, temporary replacement of equipment, or collaborative projects. It includes comprehensive terms covering delivery, usage rights, maintenance requirements, risk allocation, and return conditions. The Product Loan Agreement is particularly important in commercial contexts where valuable or specialized equipment is involved, requiring clear documentation of responsibilities and liabilities between parties.
