Car Rental Licensing Agreement
Car Rental Licensing Agreement
This Car Rental Licensing Agreement ("Agreement") is entered into as of [Effective Date], by and between:
[Your Company Name]
[Your Company Address]
("Licensor")
and
[Second Party]
[Second Party Address]
("Licensee")
I. Introduction
A. Parties to the Agreement: This Agreement is between [Your Company Name] (hereinafter referred to as "Licensor") and [Second Party] (hereinafter referred to as "Licensee").
B. Effective Date: The effective date of this Agreement shall be [Effective Date].
II. Definitions
For the purposes of this Agreement, the following terms shall have the meanings ascribed to them below:
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Licensor: [Your Company Name], the owner of the Vehicles as defined herein.
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Licensee: [Second Party], the entity granted the license to use the Vehicles.
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Vehicle(s): Shall refer collectively to the vehicles made available for rental under this Agreement.
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Term: The duration of this Agreement as specified in Section IV.
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Rent: The fees payable by Licensee to Licensor for the use of the Vehicles as specified in Section V.
III. License Grant
A. Grant of License: Subject to the terms and conditions of this Agreement, Licensor hereby grants Licensee a non-exclusive license to use the Vehicles described in Exhibit A (attached hereto and incorporated herein by reference) during the Term solely for the purposes of transportation of personnel.
B. Scope of Permitted Use: Licensee agrees to use the Vehicles only for lawful purposes and in compliance with all applicable laws, regulations, and ordinances.
C. Limitations on Use: Licensee shall not use the Vehicles for any unlawful purpose or in a manner that would void any insurance coverage maintained by Licensor.
IV. Term and Termination
A. Duration: The initial term of this Agreement shall commence on [Effective Date] and continue for [00 months].
B. Renewal Options: This Agreement may be renewed for additional terms upon mutual written agreement of the parties.
C. Termination: Either party may terminate this Agreement upon breach of terms, upon [00] days' written notice to the other party.
V. Rental Fees and Payment Terms
A. Rental Rates: Licensee shall pay Licensor a rental fee of $[00] per [month], payable [monthly] in advance.
B. Payment Schedule: Payment shall be made by bank transfer on or before the [1st day of each month].
C. Late Fees and Penalties: In the event of late payment, Licensee shall pay a late fee of $[00].
VI. Insurance
A. Insurance Requirements: Licensee shall maintain comprehensive insurance coverage for each Vehicle, including liability, collision, and comprehensive coverage, with limits of not less than [00] per occurrence.
B. Responsibilities: Licensee shall be responsible for any deductible amounts and shall provide proof of insurance to Licensor upon request.
VII. Maintenance and Repairs
A. Responsibilities: Licensor shall be responsible for routine maintenance and servicing of the Vehicles. Licensee shall promptly notify Licensor of any maintenance issues or repairs required.
B. Procedure for Repairs: Licensor shall coordinate repairs and servicing of the Vehicles with a licensed mechanic or service center approved by Licensor.
VIII. Indemnification
A. Indemnification: Each party (the "Indemnifying Party") agrees to indemnify, defend, and hold harmless the other party (the "Indemnified Party") from and against any and all claims, liabilities, losses, damages, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to any breach of this Agreement by the Indemnifying Party.
B. Limitations of Liability: In no event shall either party be liable to the other for any indirect, incidental, consequential, special, or punitive damages arising out of or relating to this Agreement.
IX. Ownership and Title
A. Ownership: Ownership of the Vehicles shall remain with Licensor throughout the Term of this Agreement.
B. Rights of Licensee: Licensee shall have no rights, title, or interest in the Vehicles except as expressly set forth in this Agreement.
X. Confidentiality
Each party agrees to keep confidential all non-public information disclosed by the other party that is designated as confidential or that, given the nature of the information or the circumstances surrounding its disclosure, should reasonably be understood to be confidential.
XI. Governing Law and Dispute Resolution
A. Choice of Law: This Agreement shall be governed by and construed in accordance with the laws of [State].
B. Dispute Resolution: Any dispute arising out of or relating to this Agreement shall be resolved through arbitration administered by [Arbitration Provider] in [State].
XII. Miscellaneous Provisions
A. Entire Agreement Clause: This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
B. Amendments and Modifications: Any amendments or modifications to this Agreement must be in writing and signed by authorized representatives of both parties.
C. Notices: All notices under this Agreement shall be in writing and delivered personally or sent by certified or registered mail, postage prepaid, to the addresses set forth above.
D. Severability: If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
E. Force Majeure: Neither party shall be liable for any failure or delay in performing its obligations under this Agreement due to causes beyond its reasonable control, including but not limited to acts of God, war, terrorism, civil commotion, industrial disputes, fire, flood, storms, or earthquakes.
XIII. Signatures
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The parties hereby acknowledge that they have read this Agreement, understand its terms and conditions, and agree to be bound by them upon signing below.
IN WITNESS WHEREOF, the parties hereto have executed this Car Rental Licensing Agreement as of the Effective Date first written above.
[Your Name]
[Your Company Name]
[Date]
[Representative's Name]
[Second Party]
[Date]
