This agreement is between The Adaptive Sports Center and [FIRST NAME][LAST NAME] .
Terms and Conditions of Loan
1. The owner will lend the equipment to the borrowing organization on the terms and conditions of this agreement
2. The equipment shall be loaned from Thursday, April 25, 2024 until Thursday, April 25, 2024, the loan period
3. The loan period may be extended by mutual consent of both parties
4. No variation or amendment of this agreement will be effective unless it is made in writing, this can be by email
5. A Late Fee of $150 will be charged for each day that the equipment is not returned past the agreed upon due date.
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Collection and Delivery of Equipment
1. The borrower must arrange a mutually convenient time to collect the equipment on the first day of the loan period and to return it on the last day of the loan period
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Payment
1. Payment for the rental of equipment is to be paid in full prior to rental period.
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Title and Risk
1. Title and all rights to the equipment shall at all times remain with the owner of the equipment. The borrowing party acknowledges that it has no right, title or property in the equipment
2. The owner will have the equipment checked to ensure it is fit for purpose prior to collection
3. Risk of any loss or damage to the equipment will become the responsibility of the borrowing party upon it leaving the owners possession and shall not revert back to the owner until the equipment is back on the owners premises as arranged with the owner
4. The borrowing party will ensure that the equipment to be borrowed is age appropriate to its intended audience
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Cleanliness
1. The equipment should be appropriately cleaned prior to the loan period by the owner and following the loan period by the borrowing party to avoid risk of cross contamination
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Owners Obligations
1. Provide the borrowing organization with operating, maintenance and servicing instructions as appropriate
2. Provide the necessary information about training requirements for the correct use of the equipment
3. Ensure the equipment has undergone the checks detailed in ‘Title and Risk’ point 2
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The borrowing party's undertakings
The party borrowing the equipment agrees that during the loan period it shall:
1. Keep the equipment in its possession and control and ensure that it is secure against loss, damage and theft
2. Operate the equipment in accordance with any operating instructions issued for it and for the purpose it was designed
3. Ensure that the equipment is used by an appropriately skilled and trained member of staff
4. Any required maintenance and repair of equipment shall be performed by approved personnel. Ensure that relevant Health and Safety regulations are met at all times
5. Keep the equipment in good working order, fair wear and tear excepted
6. Ensure that identification marks or labels on the equipment are not removed, defaced, amended, and obscured including those which identify the equipment as belonging to the owner
7. The equipment will not be modified without first obtaining the owners written approval
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Insurance
In the event of the equipment being lost or damaged:
1. The borrowing organization agrees to pay the replacement at full retail cost
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[FIRST NAME] [LAST NAME]
Sign Here Thursday, April 25, 2024