Device Loan Agreement Form
Device Loan Agreement Form
Please fill out the form below to complete the agreement.
This Agreement is made and entered into on
Lender
Name
Address
Phone number
Borrower
Name
Address
Phone number
Device Details
Device Name
Device Model
Serial Number
Condition Upon Loan
-
New
-
Used
Loan Duration
Start Date
Return Date
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
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
Signatures
By signing below, both parties acknowledge that they have read, understood, and agree to the terms of this Agreement.
Lender Borrower
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Name: Date: |
Name: Date: |
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