Agreement for borrowing equipment or tools covering condition, return obligations, damage liability, and usage restrictions. Two signers (owner and borrower).
The Equipment Sharing / Tool Library Agreement is a ready-to-use shared economy & gig template you can send for signature in minutes. It is written for 2 signers (owner and borrower) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers, agreement. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Equipment Sharing / Tool Library Agreement **Effective Date:** ___________ This Equipment Sharing / Tool Library Agreement ("Agreement") is entered into by and between: **Owner/Lender:** ___________ ("Owner") **Borrower:** ___________ ("Borrower") ## 1. Equipment Description The Owner agrees to lend the following equipment to the Borrower: **Equipment/Tool Name:** ___________ **Make/Model:** ___________ **Serial Number (if applicable):** ___________ **Condition at Checkout:** ___________ **Known Issues or Damage (if any):** ___________ **Estimated Replacement Value:** $___________ **Accessories/Attachments Included:** ___________ ## 2. Borrowing Period **Checkout Date:** ___________ **Return Date:** ___________ **Borrowing Duration:** ___________ **Late Return Fee:** $___________ per ___________ past the agreed return date. If equipment is not returned within ___________ of the return date, it shall be considered unreturned and the Borrower shall be liable for the full replacement value.