Black out logo in the Equipment Rental Agreement

Aug 6th, 2022
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Got questions?

Here are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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An equipment lease is an agreement in which one party (the lessor) gives the other party (the lessee) the right to have and use (but not own) the lessors equipment for a certain period of time.
Sample Indemnification Clause: The Tenant agrees to indemnify, defend and hold harmless the Landlord from any and all claims, damages, losses, liabilities, costs and expenses, including reasonable attorneys fees, arising out of or in connection with the Tenants use of the leased premises, except to the extent caused
The terms of an indemnification agreement ensure that you are not held liable for any contract-related loss or damage outside of your control. If the other party does something that harms or damages itself or any other party, neither can sue you for damages.
In commercial contact agreements, an indemnity clause helps determine where the risk involved in the agreement is allocated between the two parties involved. The term indemnification, also referred to as indemnity, refers to when one party involved in a contract compensates the other party for costs and expenses.
Each party agrees to indemnify, defend, and hold harmless the other party from and against any loss, cost, or damage of any kind (including reasonable outside attorneys fees) to the extent arising out of its bdocHub of this Agreement, and/or its negligence or willful misconduct.
The purpose of an indemnification clause is to shift the risk of some loss, injury, or damage from one party to the other. In an asset purchase transaction, almost always, the buyer is seeking to shift risk to the seller. The buyer is already accepting a high level of risk by paying a lot of money for the assets.

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