Device Loan Agreement Form
Please fill out the form below to complete the agreement.
This Agreement is made and entered into on [Date]between:
Lender
Borrower
Device Details
Loan Duration
Extension Policy: Any extension must be requested in writing and approved by the Lender before the Return Date.
Purpose of Loan
The device is loaned solely for[specific purpose, e.g., work-related tasks, educational. use, etc.]The Borrower agrees not to use the device for unauthorized activities.
Borrower’s Responsibilities
Handle the device with care and follow all usage guidelines.
Report any damage, theft, or loss immediately to the Lender.
Return the device in the same condition as received, except for normal wear and tear.
Refrain from altering or installing unauthorized software or hardware on the device.
Liability for Loss or Damage
The Borrower assumes full responsibility for any loss, theft, or damage to the device while in their possession. The Borrower agrees to reimburse the Lender for repair or replacement costs as determined by the Lender.
Ownership
The device remains the property of the Lender at all times. The Borrower has no ownership or transfer rights over the device.
Termination
The Lender reserves the right to terminate this agreement at any time and request the immediate return of the device.
Governing Law
This Agreement shall be governed by and construed under the laws of the State of [Insert State].
Signatures
By signing below, both parties acknowledge that they have read, understood, and agree to the terms of this Agreement.
Lender Borrower
Agreement Form Templates @ Template.net
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