Store Policy

AGREEMENT: The Lessee and Lessor intend to enter into the following Agreement. In this Agreement, the Lessor agrees to lease and deliver the Equipment to the specified delivery address. The Lessee agrees to lease the Equipment from the Lessor in accordance with the terms outlined in this Agreement.

DEFINITIONS: The following definitions are used but not otherwise defined in this Agreement. “Casualty Value” refers to the market value of the Equipment at the end of the Term or, in the case of a Total Loss, the market value it would have had at the end of the Term but for the Total Loss. “Total Loss” means any loss or damage that is either irreparable or would cost more to repair than the market value of the Equipment.

TERM: The Agreement commences on the date this document is signed and will continue until the pick-up date (the “Term”). At the end of the Term, the Equipment will be returned to the Lessor.

Deposit: At the time of signing this Agreement, the Deposit will become due. The Deposit will be returned to the Lessee upon the completion of this Agreement.

RENT: The rent for the Equipment, including sales tax, will be paid upon the Lessee taking possession of the Equipment. (The “Rent”) will be paid on the delivery date.

USE OF EQUIPMENT: The Lessee will use the Equipment solely for its intended purpose and not for any other purpose.

WARRANTIES: Upon delivery, the Equipment will be in good working order and in good condition. It is of merchantable quality and is fit for the purposes it is ordinarily used.

LOSS AND DAMAGE: To the extent permitted by law, the Lessee will be responsible for any risk of loss, theft, damage, or destruction to the Equipment from any cause. In the event of the total loss of the Equipment, the Lessee must promptly provide written notice of the loss to the Lessor and pay the Casualty Value of the Equipment. At that point, ownership of the Equipment will transfer to the Lessee.

SURRENDER: At the end of the Term or upon earlier termination of this Agreement, the Lessee will make the Equipment available for pick-up at the specified delivery location.

INDEMNITY: The Lessee will indemnify and hold harmless the Lessor against any and all claims, actions, suits, proceedings, costs, expenses, damages, and liabilities, including attorney’s fees and costs, arising out of or related to the Lessee’s use of the Equipment.

LESSEE is entitled to terminate this Agreement by providing the Lessor with written notification. The Lessee can terminate the Agreement on any day until 15 days before the delivery date.

Upon cancellation, the Lessor will refund the deposit to the Lessee.

DEFAULT: The occurrence of any one or more of the following events will constitute an Event of Default under this Agreement: The Lessee fails to pay any amount provided for in this Agreement when due or otherwise breaches the Lessee’s obligations under this Agreement.

REMEDIES: On the occurrence of an Event of Default, the Lessor will be entitled to: Terminate this Agreement immediately upon written notice to the Lessee. Deduct any expenses incurred from the deposit.

NOTICE TO THE LESSEE: This is a lease agreement. The Lessee is not purchasing the Equipment. The Lessee is entitled to a completed copy of this Agreement.