Inventory Rental Agreement
Inventory Rental Agreement
With rentals comes risk, what if an item is broken or lost? What if the items aren’t returned on time and they are due to go out again the next day?
This contract answers all of those questions and more and comes ready for you to plug into your client management system today.
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Who is entering into the agreement, what will be rented, and when it will be rented for
Payment terms, including rental fee amount, accepted methods of payment, deposit, payment schedule, and what happens in the case of a late payment
How cancellations, terminations, and rescheduling would be handled
What happens if the owner (you) must cancel
What happens if the client must cancel
How reimbursement to the owner would be handled in the case of a cancellation by the client
What and how preparations will take place prior to the event (eg. meetings, bridal portraits, logistical plans, and rehearsal)
Add-on items the client may choose, and at what cost
Policies & rules around the following: drugs, firearms, smoking, vaping, tents, teepees, children and guest safety, decorations & fireworks, alcohol, disorderly persons, health & safety
Notification that rental improvements may be made
Information to clients regarding the rental including how long the rental period is
When and where rental is allowed
Owner’s right to take and share photos, videos, and digital recordings of the event for advertising purposes
What happens in the event of damage and property loss, and when payment is due
Date transfer options due to COVID-19 or other severe illness outbreaks
Standard legal clauses including: representations and warranties, limitation of liability, legal terms, entire agreement, severability, waiver of contractual right, force majeure, law, amendments, release of liability and assumption of risk, indemnification and dispute resolution
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This is an essential template for any inventory rental owner.
No matter if you offer rentals for wedding or events, this agreement is vital.
With this agreement, you’ll start the relationship with your rental clients off on the right foot.
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Instant access to:
An instruction guide on how to edit & use your template
Your legal template in .docx format which may be edited in any word processor or Google Docs
Highlighted sections and instructions in the template on how to properly customize it to your business
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Pop the completed contract into your CRM or on your site. Then sleep soundly knowing you and your business are legally well taken care of.
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