Document background
The Product Loan Agreement serves as a critical legal instrument in the UAE business environment where temporary transfer of products or equipment between parties is necessary for business operations, testing, evaluation, or demonstration purposes. This agreement type is particularly relevant when organizations need to loan equipment or products without transferring ownership, while maintaining clear control over usage and return conditions. The document, governed by UAE law, includes comprehensive provisions for product identification, loan terms, maintenance requirements, risk allocation, and return procedures. The Product Loan Agreement is structured to comply with UAE Civil Code requirements while providing practical protection for both lender and borrower interests, making it suitable for various commercial and institutional applications ranging from technology demonstrations to industrial equipment loans.
