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Loan For Use Agreement
"Need a Loan for Use Agreement to lend our specialized microscope equipment to a partner research facility in Singapore from March 2025 to September 2025, including specific maintenance requirements and safety protocols."
1. Parties: Identification of lender and borrower with full details
2. Background: Context and purpose of the loan for use arrangement
3. Definitions: Key terms used throughout the agreement
4. Subject Matter: Detailed description of item(s) being loaned
5. Term: Duration of the loan
6. Obligations of the Borrower: Care, maintenance, and permitted use of items
7. Return Conditions: Requirements for returning the items
8. Governing Law: Specification of Singapore law as governing law
1. Insurance: Requirements for insurance coverage for high-value items
2. Third Party Use: Provisions regarding use by others when third-party use might be contemplated
3. Intellectual Property: IP rights related to the loaned item when IP rights are involved
4. Force Majeure: Provisions for unforeseen circumstances, recommended for longer-term loans or valuable items
1. Schedule 1 - Item Description: Detailed specifications of loaned items
2. Schedule 2 - Condition Report: Documentation of item condition at time of loan
3. Schedule 3 - Usage Guidelines: Specific instructions for item use and maintenance
4. Appendix A - Return Checklist: Checklist for return condition requirements
Authors
Borrower
Business Day
Commencement Date
Confidential Information
Default Event
Effective Date
Equipment
Force Majeure Event
Item(s)
Law
Lender
Loan Period
Location
Loss
Maintenance Requirements
Normal Wear and Tear
Parties
Permitted Purpose
Permitted Use
Property
Return Date
Return Location
Singapore
Term
Third Party
Grant of Use
Term and Termination
Delivery and Return
Use Restrictions
Maintenance and Care
Title and Ownership
Risk and Insurance
Representations and Warranties
Borrower's Obligations
Lender's Obligations
Liability
Indemnification
Force Majeure
Confidentiality
Assignment
Notices
Costs
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Counterparts
Governing Law
Dispute Resolution
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