Equipment Sharing Agreement
Equipment sharing contract establishing usage schedules, maintenance responsibilities, damage liability, rental fees, and access procedures for shared machinery and tools.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Construction companies sharing expensive specialized equipment for projects
- Farmers collaborating to share harvesting or planting machinery
- Small businesses sharing commercial kitchen equipment for food production
- Contractors sharing tools and equipment for cost reduction