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The basics of an equipment rental agreement - Part 8 - Indemnification and Liability Waiver



Working out the details of your equipment rental agreement is a lot of work.  We at EquipCalendar understand and hopefully we can help with our series of blog posts about the basics of an equipment rental agreement.  Today's post focuses on the liability waiver.  Here are some suggestions:

The Renter must be fully responsible for the safekeeping and use of rental Equipment during the stated (or authorized) rental Term.   Renter and his/her successors and/or agents, agree to hold Owner harmless from any liability, claims, or actions resulting from damage to property, loss, or injury (including death) caused by or arising from the use or misuse of any rental Equipment, including the failure of the equipment to function as intended by the manufacturer, except to the extent caused by Owner’s gross negligence or willful misconduct.

Be sure that the Renter agrees/understands that they knowingly and freely assume all such risks, both known and unknown, and assume full responsibility for use and safety concerns regarding the Equipment.  The Renter must also acknowledge that this Release of Liability covers each and every item they have agreed to rent.

In case you missed the first post in this series, regarding "Defining the terms", you can find it here.
In case you missed the second post in this series, regarding "Payment", you can find it here.
In case you missed the third post in this series, regarding "Location of Equipment", you can find it here.
In case you missed the fourth post in this series, regarding "Care of Equipment", you can find it here.
In case you missed the fifth post in this series, regarding "Restrictions on Use", you can find it here.
In case you missed the sixth post in this series, regarding "Loss or Damage", you can find it here.
In case you missed the seventh post in this series, regarding "Termination", you can find it here.
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