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Rental Contract
Bob Cranston HD Kit * Equipment
Rental Contract
These terms and conditions
form the rental contract (the Rental Contract) between you (Lessee) and Bob
Cranston (Lessor) and apply to all the equipment rented by Lessee.
TERMS AND CONDITIONS
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Equipment means camera lens housings and support equipment as listed in
kit rented to Lessee under the Rental Contract. Lessee will have
opportunity to test and examine the Equipment to determine that the
Equipment is in good working order.
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Lessee agrees to defend, indemnify and hold Lessor free and harmless from
and against any and all claims, liabilities, losses, costs, and out of
pocket expenses (including attorneys fees) arising out of, or in connection
with the equipment leased, its use or transportation.
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Lessee is considered to have taken delivery of the equipment from the time
Lessee takes delivery of the equipment leased, until the equipment is
returned to Lessor. Lessee assumes all risks of loss and all risks and
losses while in Lessees possession, in transit, while at all locations,
while in storage and while on Lessees premises.
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Lessee will take all necessary precautions in regard to the use of the
equipment leased to protect all persons and property from injury or damage.
The equipment leased shall be used only by Lessees employees or agents
qualified to use such equipment.
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Lessee warrants that it will not sublease any of this equipment.
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Lessee shall, at its own expense, maintain at all times during the lease all
risk perils insurance covering the equipment leased for full replacement
cost. Coverage shall begin from the time Lessee or its agents take delivery
of the equipment and continue until the time the equipment is returned to
and accepted by Lessor. Such insurance shall be on a worldwide basis, name
Lessor as the loss payee for loss or damage to the equipment leased and
cover all risks of loss of, or damage to the equipment.
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Before obtaining possession of the equipment, Lessee shall provide to Lessor
a certificate of insurance and applicable endorsements confirming each of
the coverages specified above. All certificates shall be signed by
authorized agent or representative of the insurance carrier.
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Lessee hereby agrees to strictly comply with the laws of the State in which
the equipment is transported and/or used as well as all federal and local
laws, regulations and ordinances pertaining to the transportation and use of
such equipment. Lessee warrants and represents that Lessee is fully aware
of any and all dangers and risks, patent as well as latent, involved in the
use, transportation, and handling of the equipment leased.
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Lessee shall be responsible to Lessor for he full replacement costs, without
depreciation, or repair costs of all equipment leased which is lost, stolen,
or damaged. In the event the equipment leased is lost or stolen, lessee
shall file a police report, and make all reasonable efforts to ensure prompt
response of pertaining insurance companies. Accrued rental charges shall
not be applied against the purchase price or cost of repairs of the lost,
stolen or damaged equipment.
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Lessee hereby agrees that Lessor shall be subrogated to any recovery rights
lessee may have for damage to the equipment leased in the form of insurance
protection for such damage.
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The price of rental of the equipment shall be set forth in the rental order.
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There may be minimum charges or minimum rental periods. Lessor is entitled
to compensation, not to exceed the amount due for the proposed rental
period, in the event of cancellation of all or part of an order unless
Lessor agrees otherwise.
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Lessee must return the equipment on the date specified in the rental order
or be subject to additional charges. A full additional days rental will be
charged for each day equipment is not returned after the date specified for
the return of the equipment.
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This agreement shall be governed by the laws of the State of California.
Lessee agrees to jurisdiction over any dispute in the courts of the State of
California and to venue in San Diego County California. Lessee is
authorized to enter in to this agreement. If for any reason Lessee does not
have insurance coverage adequate to cover any damages to the equipment and
lost profits to Lessor, Lessee agrees to be liable for such damages.
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SIGNATURE OF AUTHORIZED
REPRESENTATIVE OF LESSEE
PRINT NAME
TITLE DATE
COMPANY NAME
ADDRESS
TELEPHONE
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