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Device Loan Agreement Template
I need a Device Loan Agreement Template for our tech company to loan testing devices to external developers for 3-month periods, with specific clauses about software licensing and data protection, to be implemented from January 2025.
1. Parties: Identifies the lender and borrower with full legal names and addresses
2. Background: Explains the context and purpose of the loan agreement
3. Definitions: Defines key terms used throughout the agreement
4. Device Description: Detailed description of the device(s) being loaned including serial numbers
5. Loan Period: Specifies duration of loan and return requirements
6. User Responsibilities: Outlines borrower's obligations regarding device care and use
7. Return Conditions: Specifies condition device must be returned in
1. Insurance Requirements: Details insurance requirements if applicable to high-value devices
2. Data Protection: Include when devices may store personal data
3. Software License Terms: Include when device comes with specific software
4. International Use: Include when device may be used abroad
1. Schedule 1 - Device Specification: Detailed technical specifications of device(s)
2. Schedule 2 - Condition Report: Documentation of device condition at loan commencement
3. Schedule 3 - Acceptable Use Policy: Detailed rules for device usage
4. Schedule 4 - Return Checklist: Checklist for return procedure and condition assessment
Authors
Authorized User
Borrower
Business Day
Commencement Date
Confidential Information
Data Protection Legislation
Device
Device Documentation
End Date
Force Majeure Event
Initial Condition
Intellectual Property Rights
IT Security Policy
Lender
Loan Period
Loss
Maintenance Requirements
Normal Working Hours
Personal Data
Replacement Value
Return Condition
Return Location
Software
Specifications
Term
Third Party Software
Unauthorized Use
Working Day
Loan Period
Delivery and Collection
Device Specifications
Permitted Use
User Responsibilities
Maintenance and Care
Insurance
Data Protection
Confidentiality
Return Conditions
Risk and Title
Intellectual Property
Liability and Indemnity
Device Security
Software License
Termination
Force Majeure
Assignment and Transfer
Notices
Entire Agreement
Severability
Variation
Third Party Rights
Governing Law
Dispute Resolution
Costs and Expenses
Warranties
Device Support
Emergency Procedures
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