Hire equipment

About this business activity

Equipment hire agreements allow businesses to use equipment without having to purchase it outright, which can be beneficial for businesses who do not have the upfront capital to purchase the equipment outright, or for businesses who only need to use the equipment on a short-term basis.

Hire Agreement For Equipment (Lessee Friendly)

This is an agreement between two businesses for the hiring of equipment, drafted from the perspective of the lessee. It includes an optional clause that gives the lessee the right to purchase the equipment at the end of the term, making it a hire purchase agreement.

What to watch out for

  • The agreement should be between two businesses, from the perspective of the lessee.
  • The agreement should contain an optional clause providing the lessee with a right to purchase the equipment at the end of the term.
  • If this clause is included, the agreement becomes a hire purchase agreement.
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    Relevant Contract Types

    🧰 Equipment hire agreement

    A equipment hire agreement is a legal contract between a company and an individual that outlines the terms of the equipment rental. The agreement should include the length of the rental, the price, the equipment to be rented, and any other pertinent information. The agreement should also outline the responsibilities of both parties, and any legal liability that may arise from the use of the equipment.

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    Legal firms who may be able to help

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    Hire equipment

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    Globe Law And Business Limited

    Globe Law And Business Limited

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    Gorvins Solicitors

    Gorvins Solicitors

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    0161 930 5151

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