Equipment Loan Agreement Template

You can open the Equipment Loan Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Equipment Loan Agreement Template

Printable | Editable Form




Equipment Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This agreement outlines the terms and conditions under which the Lender will loan equipment to the Borrower, effective as of [Contract Start Date].
Clause 1: Description of Equipment
The Lender agrees to loan the following equipment: [List all equipment being loaned].
Clause 2: Loan Period
The loan period will commence on [Start Date] and will terminate on [End Date]. The Borrower must return the equipment at the end of this period.
Clause 3: Loan Fees
The Borrower agrees to pay a fee of [Amount] for the duration of the loan, payable on [Specify terms].
Clause 4: Use of Equipment
The Borrower agrees to use the equipment only for [Specify intended use] and to comply with all operational guidelines provided by the Lender.
Clause 5: Maintenance and Repairs
The Borrower is responsible for the maintenance and repair of the equipment during the loan period. Any damage must be reported to the Lender immediately.
Clause 6: Liability
The Borrower assumes all liability for any damage or injury caused by the use of the equipment during the loan period.
Clause 7: Termination
This agreement may be terminated by either party under the following conditions: [Specify conditions for termination].
Clause 8: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Equipment Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This document serves as a formal agreement for the loan of equipment from the Lender to the Borrower, commencing on [Contract Start Date].
Clause 1: Equipment Details
The equipment to be loaned includes: [Describe each piece of equipment, including model and serial numbers].
Clause 2: Duration of Loan
The agreed duration for this loan is from [Start Date] to [End Date]. The Borrower must return the equipment upon expiration of this period.
Clause 3: Payment Obligations
The Borrower shall pay the Lender a fee of [Amount], which is due [Specify payment schedule].
Clause 4: Intended Use
The Borrower agrees to use the equipment exclusively for [Specify intended use] and in accordance with the safety guidelines provided by the Lender.
Clause 5: Equipment Care
The Borrower is responsible for routine maintenance and must ensure the equipment is kept in good working condition.
Clause 6: Risk of Loss
The Borrower assumes the risk of loss or damage during the loan period and agrees to indemnify the Lender for any such loss or damage.
Clause 7: Early Termination
Either party may terminate this agreement upon [Specify notice period or conditions].
Clause 8: Legal Framework
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Form

Please complete the form below to create the Equipment Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Equipment Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Equipment Details


4. Loan Terms

5. Loan Duration

6. Payment Terms

7. Security Deposit

8. Use of Equipment

9. Maintenance Responsibility

10. Indemnification Clause

11. Termination Clause

12. Signatures and Acceptance

13. Declaration and Signatures




PDF


WORD

Printable

Equipment Loan Agreement Template

Printable | Editable Form




Equipment Loan Agreement Template