Loan of Equipment Agreement Template

The terms and conditions of the equipment loan are outlined in a formal agreement. This helps both the lender and the borrower understand their responsibilities. It ensures that everyone is clear on what needs to be done. This contract aids in avoiding confusion and guarantees that both parties have a mutual understanding about the extent of the loan.

Agreement for temporary equipment loan between parties for specified period.

• Utilization of machinery without buying
• Temporary utilization without enduring obligation
• Economical for loan recipients

We also offer other IT and Software Agreements – Zeelie Online

What is an equipment loan agreement?

An equipment loan agreement, also called a bailment agreement, is a legal contract. It allows one party to temporarily transfer their property or equipment to another party for use.

Purchase Terms

All products have a maximum of 5 downloads, thereafter the link expires. Be sure to save your templates in a place you can find them again. Download links expire within 12 months. Our products have a zero-return policy because you obtain the intellectual property on purchase, and this is what is being sold. Our templates come with the standard terms and clauses applicable to that type of contract. It is up to the purchaser to add or delete from a template based on the circumstances and requirements of the transaction a contract or template is used for. Zeelie Online, its agents, staff and legal counsel can’t be held legally liable in any way shape or form based on the outcomes from agreements and templates purchased from our site. Legal counsel should be sought if you wish to have the contract signed in the presence of a legal representative.