Theft Waiver Template for New Zealand

This Theft Waiver agreement is designed for use in New Zealand business contexts where valuable property is rented or leased to customers. The document provides a legal framework for protecting both the service provider and customer in theft-related incidents, clearly defining the scope of coverage, exclusions, and procedural requirements. It is particularly crucial for businesses offering rental services where the risk of theft is significant. The waiver typically includes specific provisions for theft reporting, security requirements, and claims procedures, all aligned with New Zealand legal requirements including the Contract and Commercial Law Act 2017, Consumer Guarantees Act 1993, and Fair Trading Act 1986. This document should be regularly reviewed and updated to ensure continued compliance with evolving New Zealand legislation and business needs.

1. Parties: Identifies and defines the parties to the agreement - typically the waiver provider and the customer/client

2. Background: Sets out the context of the agreement, including the purpose of the theft waiver and its relationship to any main agreement

3. Definitions: Defines key terms used throughout the agreement, including 'theft', 'covered property', 'waiver period', etc.

4. Scope of Waiver: Details what is covered by the waiver, including specific types of theft and property covered

5. Exclusions: Clearly lists circumstances and types of loss that are not covered by the waiver

6. Customer Obligations: Specifies the customer's responsibilities including security measures, reporting requirements, and payment obligations

7. Claims Process: Outlines the procedure for making a claim, including notification requirements and documentation needed

8. Fees and Charges: Details the costs associated with the waiver and payment terms

9. Duration and Termination: Specifies the term of the waiver and circumstances under which it can be terminated

10. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures