Equipment Lending Agreement (PDF)

EQUIPMENT LENDING AGREEMENT

This lending agreement is to be issued between the Ontario Blind Sports

Association (OBSA), herein referred to as the Lender, and

Company/Institution (if applicable): _______________________________,

Representative Title (if applicable): _______________________________,

Telephone #: _______________________________,

Email: _______________________________,

herein referred to as the Borrower.

The Lender will lend the equipment to the borrowing organization or

individual on the terms and conditions of this agreement.

This agreement will be effective from ____________________ through to

____________________.

The Borrower will agree to uphold the terms in this agreement for the entire

duration of their agreement with the OBSA. If the Borrower fails to uphold

any of the following items, this agreement may be revoked, associated cost

penalties may be enforced, and the Borrower may be ineligible to submit

future inquiries.

Each piece of “Equipment” shall be listed separately using the format

included in Appendix A. The total number of pieces of “Equipment” covered

by this Lending Agreement is __________.

TERMS & CONDITIONS

The following Terms & Conditions are considered mandatory:

Insurance:

 Equipment must be returned in good order and must be devoid of

permanent damage including but not limited to structural damage and

markings beyond reasonable wear and tear, as determined by the

Lender.

 The Borrower is responsible for the full cost of repair or replacement of

any or all of the “Equipment” that is damaged, lost, confiscated, or

stolen from the time the Borrower assumes custody until its return to

the Lender at expiry of this agreement.

Use/Disclaimer:

 The Borrower shall be responsible for the proper use and deployment

of the “Equipment”.

 The Borrower shall be responsible for training anyone using the

“Equipment” on the proper use of the “Equipment” in accordance with

any usage procedures. If the Borrower is unclear about their

responsibility in this regard, they are obligated to inquire to the Lender

with regards to such procedures.

 The Borrower must comply with all municipal laws and regulations, if

any, applicable to the transportation and use of the “Equipment”.

 It is the responsibility of the Borrower that the “Equipment” has

cleared customs before departing the place of country of use and is in

transit to the Lender.

 Equipment must be returned no later than 4:59pm on the above agreed-

upon date, unless otherwise arranged with the Lender.

Force Majeure

 The Borrower is not responsible to Lender for any loss or damage if

occasioned by fire, flood, explosion, or any other cause beyond the

reasonable control of the Borrower.

Please list, separately, all “Equipment” that is to be borrowed from the

Lender in Appendix A. Please sign this agreement in the space indicated.

Specific costs associated with borrowing “Equipment” can be found in

Appendix B.

APPENDIX A

Equipment List

Please list any and all Equipment that is to be considered a part of this lending

agreement.