LOAN OF HARDWARE AGREEMENT
Summary
This Loan of Hardware Agreement may be considered if you run a business whereby, from time to time, customers wish to loan hardware from you on a temporary basis.
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Why do I need a Loan of Hardware Agreement?
A Loan of Hardware Agreement strives to set out the terms of your loaning hardware to your Client. This may be computer equipment and accessories, machinery, cables, battery packs, etc. The agreement strives to set out the customer’s obligations of caring for the hardware, and the parameters of use, and also specifies the return date for the hardware. Note that this agreement does not cater for a rental charge to be levied on the loan.
What type of business could use a Loan of Hardware Agreement?
If your business operates in the IT industry, or if you, for whatever reason, are required from time to time to lend a customer hardware on a courtesy basis, then you may consider using this agreement to govern the conditions of the loan.
What does the Loan of Hardware Agreement say?
The document consists of:
- Customer details
- Hardware details
- Terms of loan
What does the Loan of Hardware Agreement look like?
The agreement can be printed onto one A4 page.
What do you need to do to use the Loan of Hardware Agreement?
- Read the document to ensure that it suits your requirements. Make changes as required.
- Complete the document then get your client to sign.
Also known as:
- Loan of Hardware Terms and Conditions
- Loan of Hardware Contract
- Terms of loan
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