Retail POS Equipment Loan Agreement
This Equipment Loan Agreement ("Agreement") is entered into by and between:
| Lender (Company Name): |
|
| Borrower (Business Name): |
|
| Address: |
|
| Email / Phone: |
|
| Date: |
|
1. Equipment Details
| Description |
Serial Number |
Quantity |
Condition |
|
|
|
|
2. Loan Period
Start Date:
End Date:
The Borrower agrees to return all equipment to the Lender by the End Date unless otherwise agreed in writing.
3. Borrower Obligations
- Use the equipment solely for business purposes at the specified location.
- Maintain and safeguard the equipment in good condition, subject to normal wear and tear.
- Promptly notify the Lender of loss, theft, damage, or malfunction.
- Return the equipment in clean and working order at the end of the loan period.
4. Ownership
The Lender retains full ownership of the equipment at all times. This Agreement does not constitute a sale or transfer of ownership.
5. Liability and Indemnification
- The Borrower is responsible for any loss or damage (excluding normal wear and tear).
- The Borrower agrees to indemnify the Lender against claims, damages, or losses arising from use of the equipment.
6. Termination
The Lender may terminate this Agreement at any time with written notice. Upon termination, the Borrower agrees to return all equipment promptly.
7. General
- This Agreement is governed by the laws of .
- Any amendments must be in writing and signed by both parties.
- If any provision is held invalid, the remainder of the Agreement remains in effect.
Lender Signature
Date:
Name:
Title:
Borrower Signature
Date:
Name:
Title: