Equipment Hire Agreement by EasyLegalDocs
This Equipment Hire Agreement template sets out the terms and conditions for renting equipment from a Lessor to a Lessee. It covers key aspects such as the rental period, payment terms, security deposit, proper use of the equipment, and liability for damage or loss. The agreement also includes a structured dispute resolution process, ensuring clarity on how any disagreements will be handled.
EQUIPMENT HIRE AGREEMENT
This Hire Agreement, hereinafter referred to as the "Agreement", is entered into on [Effective Date] (the “Effective Date”),
BY AND BETWEEN: | [Lessor Name], with an address of [Lessor Address], hereinafter referred to as the “Lessor”. |
AND: | [Lessee Name], with an address of [Lessee Address], hereinafter referred to as the “Lessee”, collectively referred to as the “Parties”. |
WHEREAS, the Lessee intends to hire the following Equipment: [Equipment Type], hereinafter referred to as the "Equipment," and the Lessor agrees to lease the Equipment. THEREFORE, the Parties agree as follows:
RENTAL PERIOD
The rental period for the Equipment is [Rental Period], starting from [Start Date].
RENTAL AMOUNT
The total amount of rent for the period is [Rental Amount] in full before the Equipment is delivered.
DAMAGE AND MISSING PARTS
The Lessee will pay for any damage or missing parts at the end of the rental period.
LATE FEES
The Lessee must pay an additional charge of 0.5 percent of the monthly rent for each one-day delay after the rental period has expired.
SECURITY DEPOSIT
Prior to issuing the Equipment, the Lessee shall pay a security deposit of [Security Deposit] in addition to the rental fee, which shall be returned upon the termination of this Agreement.
PROPER USE
The Lessee is only permitted to use the Equipment according to the laws and regulations and in a careful and proper manner.
DELIVERY COSTS
The Lessee shall be responsible for:
All the costs incurred during the delivery of the Equipment from the Lessor’s place to Lessee’s place at the beginning of the rental period.
All the costs incurred during the delivery of the Equipment from the Lessee to the Lessor's address at the end of the rental period.
INSPECTION
By signing this Agreement, the Lessee acknowledges having inspected the equipment and confirms its good condition and shall return it in the same working condition.
LIABILITY
The Lessee is liable for any loss, theft, fire, or other incident involving the Equipment and must indemnify the Lessor in such an event.
OWNERSHIP
This Agreement should not be interpreted as a transfer of ownership Agreement; the Equipment is the sole property of the Lessor.
ENTIRE AGREEMENT
This Agreement constitutes the entire Agreement between the Parties and supersedes any other form of Agreement. All modifications to these Agreements shall be made in writing signed by both the Parties.
DISPUTE RESOLUTION
Any dispute, controversy, or claim arising out of or relating to this Agreement or its breach, termination, or validity shall be resolved as follows:
Negotiation: The Parties shall first attempt to resolve the dispute amicably through good-faith negotiations. Either Party may initiate negotiations by providing written notice to the other Party, specifying the nature of the dispute. The Parties shall meet within 7 days of receiving such notice to discuss and attempt to reach a mutually acceptable resolution.
Mediation: If the Parties are unable to resolve the dispute through negotiation within 14 days of the initial notice, they agree to submit the dispute to mediation. The mediation shall be conducted in accordance with the rules of a mutually agreed-upon mediation service or mediator. The Parties shall equally share the costs of the mediation.
Arbitration: If mediation does not lead to a resolution within 28 days, or if either Party refuses to participate in mediation, the dispute shall be referred to arbitration. The arbitration shall be conducted in accordance with the rules of a recognized arbitration service or by an arbitrator mutually agreed upon by the Parties. The decision of the arbitrator(s) shall be final and binding upon both Parties. The costs of arbitration shall be borne by the Party against whom the arbitrator(s) rule, or as otherwise determined by the arbitrator(s).
Litigation: If arbitration is unsuccessful or not applicable for any reason, either Party may initiate litigation in a court of competent jurisdiction.
The following Equipment will be rented as a result of this Agreement:
[Equipment Details]
In Witness Whereof, the Parties agree to execute the Agreement on the day and date mentioned above.
LESSOR
_____________________________
Signed (signature)
_____________________________
Print Name
_____________________________
Date
LESSEE
_____________________________
Signed (signature)
_____________________________
Print Name
_____________________________
Date
5.0 out of 5 on Google
Read reviewsAs seen in
United States note
This version is drafted for US law generally. Contract, employment and consumer rules vary by state — for example on non-competes and at-will employment. Tell GitLaw which state applies and it adjusts the draft.
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by thousands of businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work, with practicing lawyers
Trained on 5.5K+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Start free
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.