A hire agreement is entered into when one party wishes to hire out goods / equipment to another party.
This hire agreement is drafted to protect the interests of the party hiring out the goods / equipment and is intended to set out a description of the hire terms (e.g. hire period, price and payment method) at which the goods / equipment will be provided. It is recommended that the hire agreement is entered prior to providing the goods / equipment.
As a member, you can request unlimited legal documents to be drafted or reviewed for your business,
including this Hire Agreement. Our membership also provides unlimited legal advice
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This Hire Agreement template is a straightforward document, spanning 7 pages and comprising 11 sections along with one schedule.
Key clauses included in this template cover:
hire of goods
hire fee and payment
bond
condition of goods
return of goods
termination
title and risk
This Hire Agreement template is ideal for early-stage or simpler organisations. It sets out:
the terms of the hire arrangement;
the rights, responsibilities, and obligations of the hiring party and provider; and
practical processes such as fees, payments, and return of goods.
If your hire relationship requires a more detailed arrangement, it’s advisable to consult a legal professional to assist with additional clauses, such as:
an unpaid invoices collection clause;
a confidentiality clause;
provisions for late payment penalties;
the ability for the hiring party to restrict subcontracting;
advanced dispute resolution mechanisms;
clauses on health and safety responsibilities;
non-compete and non-disclosure clauses;
protections for intellectual property and appropriate usage rights; and
detailed provisions for the mutual rights, responsibilities, and obligations, especially if specific issues require agreement.
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