This equipment use agreement template has 5 pages and is a MS Word file type listed under our production & operations documents.
Sample of our equipment use agreement template:
EQUIPMENT USE AGREEMENT This Equipment Use Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Equipment Owner"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the "User"), an individual with their address located at: [COMPLETE ADDRESS] WHEREAS the Equipment Owner owns the following Equipment requested for use: WHEREAS the User wishes to use the Equipment; WHEREAS the Parties wish to evidence their contract in writing; NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: EQUIPMENT 1.1 Subject to all terms and conditions of this Agreement, the Equipment Owner will allow the User to use the materials or equipment specified on the attached Exhibit A (the "Equipment"), which Exhibit A is included herein by reference as if fully set out. TERM The term ("Term") of this Agreement begins on [START DATE], and expires on [EXPIRY DATE] unless the Agreement is either sooner terminated or extended by mutual agreement in writing. PERMITTED USE The Equipment shall be used for the sole purpose of [DESCRIBE USE]. At the end of the Term, the Equipment shall be returned in its original condition, ordinary wear and tear accepted. RESPONSIBILITY FOR LOSS OR DAMAGE The User shall be responsible for all repairs and maintenance to the Equipment and shall be responsible for any damage happening to the Equipment during use. INSURANCE 5.1 During possession of the Equipment, the User shall maintain all-risk insurance coverage against loss or damage of the Equipment up to its fair market value of $ [MARKET VALUE]. OWNERSHIP OF TECHNOLOGY/RIGHTS IN INVENTION PATENTS, COPYRIGHTS AND TRADE SECRETS AND OTHER INTELLECTUAL PROPERTY The Equipment Owner shall maintain ownership of the Equipment, and the User shall not acquire any ownership interest in the Equipment, regardless of maintenance, repairs, or replacement which might be deemed to be necessary because of damage to or loss of the Equipment. EQUIPMENT DELIVERY AND PICKUP 7.1 The Equipment Owner shall be responsible for delivery of the Equipment, and pickup of the Equipment upon termination of this Agreement. The Equipment shall be returned by the User to Equipment Owner in good condition, subject to normal wear and tear. CONFIDENTIALITY AND NON-DISCLOSURE Non-Disclosure 8.1.1 Without the other Party's prior written consent, neither Party shall directly or indirectly disclose, make available, or communicate to anyone or any entity, other than its own employees, agents, and representatives, all or any part of any proprietary information shared by the other Party with it during the course of this Agreement, except as may be required by court order or overriding federal law. Each Party acknowledges and agrees that the other Party has valuable proprietary rights in their information and agrees to keep the other Party's information strictly confidential and only disclose it to those of its employees, agents, or representatives who have a need to know. Before disclosure, each Party shall advise any such employees, agents, or representatives to whom such disclosure is made of this Agreement and require any such employees, agents, or representatives to agree to abide by the terms of this Agreement and keep all disclosed information confidential. This covenant of confidentiality and non-disclosure shall apply to written materials and information, and to information imparted verbally. Return of Written Materials 8.2.1 The Parties acknowledge that any such information will be shared for the sole purpose of determining if there is a basis for agreement between the Parties. Neither Party is hereby granting the other any right or license with respect to any shared information. If the Parties fail to reach agreement, each Party shall return to the other any written materials or information given to it (and copies made by it) or affix in writing that such materials or information has been destroyed. If agreement is not reached, any Party shall not use in any way for its benefit or any other person's or entity's benefit any such information or materials shared with it without the other Party's written consent. INDEMNIFICATION AND LIMITATION OF LIABILITY 9.1 The User shall be liable for all damage to the Equipment. The User shall be liable for all damages or injury to persons or property caused by any use of the Equipment. The User shall be solely responsible for all environmental hazards caused by or related to use of the Equipment. User shall indemnify the Equipment Owner for all damages which may be claimed by any person or entity as a result of use of the Equipment. SEVERABILITY AND CONSTRUCTION
