Loan For Use Agreement Template for Canada

1. Security Deposit: Terms for any security deposit required, used when the property is valuable or risk of damage is high

2. Prohibited Users: Specific restrictions on who may use the property, relevant when property requires specific expertise or licensing

3. Training Requirements: Required training or certifications for using the property, included when property requires special skills

4. Emergency Procedures: Specific procedures for emergencies or malfunctions, important for complex or dangerous equipment

5. Intellectual Property: Protection of associated IP rights, needed when property involves software or protected designs

6. Sublending Prohibition: Explicit prohibition on sublending, included when there's risk of unauthorized transfers

7. Reporting Requirements: Regular reporting on property condition or usage, relevant for long-term or high-value loans

8. Location Restrictions: Geographical limitations on property use, important for regulatory or insurance reasons

1. Schedule A - Property Description: Detailed description of loaned property including serial numbers, condition, and photographs

2. Schedule B - Delivery and Return Checklist: Itemized checklist for property handover and return inspection

3. Schedule C - Maintenance Schedule: Required maintenance procedures and schedules

4. Schedule D - Authorized Users: List of individuals authorized to use the property, if applicable

5. Schedule E - Usage Guidelines: Detailed instructions for proper use and operation

6. Appendix 1 - Insurance Requirements: Specific insurance coverage requirements and procedures

7. Appendix 2 - Incident Report Form: Template for reporting any accidents or damage