Equipment Placement Agreement Template

Equipment Placement Agreement Templates

When a new or existing business wants to borrow expensive machinery or equipment from another company for a specific period of time in exchange of some money as rent, they create and sign a legal contract with each other and it is known as the equipment placement agreement. The key purpose of this agreement is to eliminate the possible conflicts among both parties that might rise in the future and to secure the rights of each party in the joint venture. The most important thing in this agreement is the duration for which the owner is lending the equipment to