Business RNT Template

BUSINESS RNT TEMPLATE

This Business Rental and Services Agreement ("Agreement") is entered into on this date: by and between:

RECITALS

WHEREAS, Provider is engaged in the business of renting equipment and providing related services and has represented that it has the expertise, personnel and resources to provide the goods and services described in this Agreement;

WHEREAS, Client desires to retain Provider to supply rental equipment and perform services on the terms and conditions set forth herein, and Provider agrees to provide such equipment and services subject to the terms of this Agreement;

WHEREAS, the parties intend that the obligations, payments and schedules set forth below govern their relationship throughout the Term defined herein.

SCOPE OF WORK

Describe the rental goods, services, site work, deliverables and acceptance criteria. Specify delivery, installation, maintenance and removal responsibilities.

PAYMENT TERMS

Payment Amount: $

Late Fee: after a grace period of days from invoice date.

Payment Method:

TERM AND TERMINATION

Term Commencement: This Agreement commences on and continues until unless earlier terminated in accordance with this Agreement.

Termination for Convenience: Either party may terminate this Agreement upon days' prior written notice to the other party.

Termination for Cause: Either party may terminate immediately upon written notice in the event the other party materially breaches this Agreement and fails to cure such breach within thirty (30) days after receipt of written notice specifying the breach, or immediately upon insolvency, appointment of a receiver, or assignment for the benefit of creditors.

CONFIDENTIALITY

Definition: "Confidential Information" means non-public business, technical, financial and operational information disclosed by either party to the other in connection with this Agreement, whether disclosed orally, in writing or by inspection of tangible objects.

Obligations: The receiving party will (a) hold Confidential Information in strict confidence, (b) not disclose it to any third party except to employees, contractors or advisors who have a need to know and who are bound to confidentiality no less protective than this Agreement, and (c) not use Confidential Information for any purpose other than performing obligations under this Agreement.

Exceptions: Confidential Information does not include information that (i) is or becomes publicly known without breach of this Agreement, (ii) is received from a third party without breach of an obligation of confidentiality, (iii) is independently developed by the receiving party without use of or reference to the disclosing party's Confidential Information, or (iv) is required to be disclosed by law, provided the receiving party gives prompt notice and cooperates with the disclosing party to seek protective measures.

Survival: The confidentiality obligations survive termination or expiration of this Agreement for a period of three (3) years, except that trade secrets and proprietary pricing information will survive indefinitely.

GOVERNING LAW AND DISPUTE RESOLUTION

Governing Law: This Agreement will be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles.

Dispute Resolution: The parties agree to seek resolution of disputes in good faith through escalation to senior representatives. If unresolved within sixty (60) days, disputes may be resolved through binding arbitration in the county or jurisdiction designated by the governing law, unless the parties mutually agree otherwise. Each party bears its own costs and fees, except as otherwise awarded by the arbitrator.

INDEMNIFICATION AND LIMITATION OF LIABILITY

Indemnification: Each party agrees to indemnify, defend and hold harmless the other party from third-party claims arising out of the indemnifying party's negligence, willful misconduct, breach of this Agreement or violation of law in connection with performance hereunder.

Limitation of Liability: Except for liability arising from fraud, willful misconduct, or a party's indemnification obligations, neither party will be liable to the other for special, incidental, consequential or punitive damages. The aggregate liability of each party for claims arising out of this Agreement shall not exceed the total amount paid or payable to Provider under this Agreement during the twelve (12) months preceding the event giving rise to the claim.

ENTIRE AGREEMENT; AMENDMENT

Entire Agreement: This Agreement (including all exhibits and attachments, if any) constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals and communications, whether written or oral.

Amendment: Any amendment or modification of this Agreement must be in writing and signed by authorized representatives of both parties.

ADDITIONAL PROVISIONS

CONTACTS FOR NOTICES

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