[{"data":1,"prerenderedAt":511},["ShallowReactive",2],{"document-equipment-placement-agreement-D773":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":37,"customDescModule":173,"customdescription":6,"mdFm":174,"mdProseHtml":510},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"EQUIPMENT PLACEMENT AGREEMENT This Equipment Placement Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Equipment Owner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [CLIENT NAME] (the \"Client\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS WHEREAS, the Equipment Owner is the owner of certain equipment and software described in Exhibit \"A\" attached hereto; WHEREAS, the Client has requested that the Equipment Owner loan the Property to the Client; WHEREAS, the Client agrees to keep and maintain the Property only at the location described in Exhibit \"B\" attached hereto (\"Equipment Location\"); WHEREAS, the Client agree to comply with all other terms and conditions set forth in this Agreement and to limit use of the Property to the use described in Exhibit \"C\" attached hereto. NOW THEREFORE, the parties agree to the following terms and conditions: PLACEMENT OF PROPERTY The Equipment Owner agrees to place the Property (described in Exhibit \"A\") on temporary loan to the Client at the Equipment Location for the limited use by the Client within the terms of this Agreement. The Property shall be maintained only at the Equipment Location described in Exhibit \"B\" and shall not be moved from the Equipment Location without the written consent of the Equipment Owner. The Property shall be delivered back to the Equipment Owner upon demand and without delay following such demand at the expense of the Client. If at any time the Equipment Owner delivers additional property to the Client, such additional property shall be subject to the terms and conditions of this Agreement unless specifically agreed by the parties in writing. ACCESS TO EQUIPMENT Client shall provide Equipment Owner with access to its premises to Equipment Owner or its agents at any time during normal business hours or after normal business hours in the event of a bona fide emergency for the purpose of inspecting, maintaining or otherwise accessing the Property. LIMITATIONS ON USE Client shall use the Property only for the purposes described in Exhibit \"D\" and for no other purpose. Access to the Property shall be limited to the individuals listed in Exhibit \"E.\" NO LIENS OR ENCUMBRANCES Client shall not create nor permit any lien, security interest, or other encumbrance of any nature or kind, whether voluntary or involuntary, to attach to the Property. In the event that any such encumbrance attaches to the Property, Client shall immediately and without delay cause such encumbrance to be discharged. PRECAUTIONARY SECURITY INTEREST FILING At the discretion of the Equipment Owner, the Client shall execute any and all documents necessary for the Equipment Owner to file a precautionary [LAW/CODE] registration statement with all applicable governmental offices, giving public notice of the Equipment Owner's exclusive title and ownership of the Property to the public. Client shall pay any and all costs and expenses associated with the preparation and filing of such documents. TERM AND TERMINATION The operation of this Agreement shall continue for so long as any Property of the Equipment Owner has not been returned to the Equipment Owner. NO INTERFERENCE WITH TITLE Client agrees that it shall take no action whatsoever that is inconsistent with the ownership of the Equipment Owner in and to the Property. Client shall take any and all steps that are required to defend the title of the Equipment Owner in and to the Property and shall execute any and all documents requested by the Equipment Owner confirming the Equipment Owner's title in and to the Property. CARE AND MAINTENANCE Client shall be responsible for the care and maintenance of the Property during the term hereof and shall take all steps necessary to assure that the Property remains in good working order, in the same condition as when delivered to the Location. Client shall be responsible for the safe working of the Property, the proper operation of the Property, and the safe installation of the Property in accordance with all specifications and safety requirements. Client shall take all necessary actions to assure that the Property is not misused, damages, or subject to risk of harm. Upon delivery to the Location, Client shall be responsible for any and all risk of loss, damage, destruction, theft or any other diminution in value or any damage or injury caused directly or indirectly by or as a result of the Property or the operation thereof and shall hold the Equipment harmless from and against the same",null,"Equipment Placement Agreement","4",50,"doc","https://templates.business-in-a-box.com/imgs/1000px/equipment-placement-agreement-D773.png","https://templates.business-in-a-box.com/imgs/250px/773.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#773.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Software & Technology","/templates/software-technology-business/",{"label":20,"url":21},"Legal Agreements","/templates/business-legal-agreements/","equipment placement agreement","Equipment Placement Agreement Template","https://templates.business-in-a-box.com/imgs/400px/773.png",[26,16,19],{"label":27,"url":28},"Templates","/templates/",[30,31,34],{"label":27,"url":28},{"label":32,"url":33},"Production & Operations","/templates/production-operations/",{"label":35,"url":36},"Equipment & Facilities","/templates/equipment-and-facilities/",[38,42,46,50,54,58,62,66,70,74,78,82,86,103,116,128,142,155],{"label":39,"url":40,"thumb":41,"extension":10},"Private Placement Agreement","/template/private-placement-agreement-D13233","https://templates.business-in-a-box.com/imgs/250px/13233.png",{"label":43,"url":44,"thumb":45,"extension":10},"Equipment Lease Agreement","/template/equipment-lease-agreement-D1140","https://templates.business-in-a-box.com/imgs/250px/1140.png",{"label":47,"url":48,"thumb":49,"extension":10},"Equipment Purchase Agreement","/template/equipment-purchase-agreement-D1146","https://templates.business-in-a-box.com/imgs/250px/1146.png",{"label":51,"url":52,"thumb":53,"extension":10},"Equipment Loan Agreement","/template/equipment-loan-agreement-D12843","https://templates.business-in-a-box.com/imgs/250px/12843.png",{"label":55,"url":56,"thumb":57,"extension":10},"Equipment Maintenance Agreement","/template/equipment-maintenance-agreement-D1144","https://templates.business-in-a-box.com/imgs/250px/1144.png",{"label":59,"url":60,"thumb":61,"extension":10},"Equipment Sales Agreement","/template/equipment-sales-agreement-D1147","https://templates.business-in-a-box.com/imgs/250px/1147.png",{"label":63,"url":64,"thumb":65,"extension":10},"Equipment Use Agreement","/template/equipment-use-agreement-D12844","https://templates.business-in-a-box.com/imgs/250px/12844.png",{"label":67,"url":68,"thumb":69,"extension":10},"Repurchase Agreement Equipment","/template/repurchase-agreement-equipment-D1153","https://templates.business-in-a-box.com/imgs/250px/1153.png",{"label":71,"url":72,"thumb":73,"extension":10},"Personnel and Equipment Agreement","/template/personnel-and-equipment-agreement-D902","https://templates.business-in-a-box.com/imgs/250px/902.png",{"label":75,"url":76,"thumb":77,"extension":10},"Equipment Lease Agreement Long","/template/equipment-lease-agreement-long-D1141","https://templates.business-in-a-box.com/imgs/250px/1141.png",{"label":79,"url":80,"thumb":81,"extension":10},"Equipment Lease Agreement Short","/template/equipment-lease-agreement-short-D1142","https://templates.business-in-a-box.com/imgs/250px/1142.png",{"label":83,"url":84,"thumb":85,"extension":10},"Equipment Lease Agreement With Option to Purchase","/template/equipment-lease-agreement-with-option-to-purchase-D1143","https://templates.business-in-a-box.com/imgs/250px/1143.png",{"description":87,"descriptionCustom":6,"label":88,"pages":89,"size":90,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":96,"keywords":95,"url":102},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":95,"description":6},"non disclosure agreement nda",[97,99],{"label":20,"url":98},"business-legal-agreements",{"label":100,"url":101},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":90,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":112,"keywords":111,"url":115},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","6","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":111,"description":6},"service agreement",[113,114],{"label":20,"url":98},{"label":20,"url":98},"/template/service-agreement-D12711",{"description":117,"descriptionCustom":6,"label":118,"pages":106,"size":90,"extension":10,"preview":119,"thumb":120,"svgFrame":121,"seoMetadata":122,"parents":124,"keywords":123,"url":127},"REVENUE SHARING AGREEMENT This Revenue Sharing Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF PARTY A], (\"Party A\"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF PARTY B], (\"Party B\"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, Party A and Party B shall be referred to as the \"Parties\" and individually as \"Party.\" WHEREAS, the Parties wish to collaborate with each other for the fulfillment of certain business relating to [SPECIFY THE BUSINESS] (the \"Collaboration\"); WHEREAS, the Parties wish to evidence their contract in writing; NOW, THEREFORE, in consideration and as a condition of the Parties entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: PURPOSE The purpose of this Agreement is to establish the terms and conditions under which the Parties will collaborate and work together in the [SPECIFY NATURE OF BUSINESS] to achieve their mutual goals. REVENUE SHARING AND PAYMENT During the term of this Agreement, the Parties shall share revenue generated from the Collaboration in the following manner: [SPECIFY THE REVENUE SHARING PERCENTAGE] Party A shall make payments to Party B within [NUMBER OF DAYS] days after the end of each calendar month for the revenue generated during the preceding month. The payment shall be accompanied by a detailed report of revenue generated by the Collaboration activities during the preceding month. TERM The Parties agree that the present Agreement shall be in force from the [DATE] unless terminated by either of the Parties in accordance with the present Agreement. ROLES AND OBLIGATIONS OF PARTY A Party A agrees to perform the following roles and obligations: [INSERT SPECIFIC ROLES AND OBLIGATIONS OF PARTY A] ROLES AND OBLIGATIONS OF PARTY B Party B agrees to perform the following roles and obligations: [INSERT SPECIFIC ROLES AND OBLIGATIONS OF PARTY B] OPERATIONS AND FINANCE The Parties shall conduct their operations in accordance with the Business Plan of the Collaboration attached hereto as Exhibit A of this Agreement. The Parties shall maintain accurate records of their financial transactions and shall prepare financial statements in accordance with generally accepted accounting principles. RELATIONSHIP OF PARTIES Nothing contained in this Agreement shall create an employer and employee relationship, a master and servant relationship, or a principal and agent relationship between the Parties. ASSIGNMENT The Parties shall not assign any rights under the present Agreement to any other Party without the mutual written consent of the Parties. Subject to the foregoing, this Agreement will be binding upon the Parties' heirs, executors, successors and assigns. REPRESENTATION AND WARRANTIES The Parties represent and warrant to each other as follows: They have full power and authority to enter into this Agreement, including all rights necessary to make the foregoing assignments to each other. That in performing under the Agreement, they will not violate the terms of any agreement with any third party. DEFAULTS, REMEDIES AND TERMINATION Events of Default: Each of the following shall constitute an Event of Default under this Agreement: Material Breach: Either Party fails in any material respect to comply with, observe, or perform, or shall default in any material respect in the performance of the terms and conditions of this Agreement. Material Misrepresentation: Any representation made by either Party hereunder shall be false or incorrect in any material respect when made, or is false in any material respect at any point in time. Remedies for Default: Except to the extent more limited rights are provided elsewhere in this Agreement, if an Event of Default occurs as defined above, the non-defaulting Party shall provide the defaulting Party with notice of the Event of Default. Following receipt of a notice of an Event of Default, the defaulting Party shall have [NUMBER OF DAYS] days to cure such Event of Default after receipt of notice thereof from the other Party, provided that if such failure is not capable of being cured within such [NUMBER OF DAYS]-day period with the exercise of reasonable diligence, then such cure period shall be extended for an additional reasonable period of time, not to exceed thirty (30) days, so long as the defaulting Party is exercising reasonable diligence to cure such failure. Termination for Default: Either Party shall have the right to immediately terminate this Agreement for an Event of Default as defined above. If the required notice was given for an Event of Default as defined in section 10","Revenue Sharing Agreement","https://templates.business-in-a-box.com/imgs/1000px/revenue-sharing-agreement-D13477.png","https://templates.business-in-a-box.com/imgs/250px/13477.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13477.xml",{"title":123,"description":6},"revenue sharing agreement",[125,126],{"label":20,"url":98},{"label":20,"url":98},"/template/revenue-sharing-agreement-D13477",{"description":129,"descriptionCustom":6,"label":130,"pages":106,"size":131,"extension":10,"preview":132,"thumb":133,"svgFrame":134,"seoMetadata":135,"parents":136,"keywords":140,"url":141},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[137],{"label":138,"url":139},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":143,"descriptionCustom":6,"label":144,"pages":145,"size":90,"extension":10,"preview":146,"thumb":147,"svgFrame":148,"seoMetadata":149,"parents":151,"keywords":150,"url":154},"EXCLUSIVE MANAGEMENT AGREEMENT This Exclusive Management Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Manager\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Company is in the business of operating a [SPECIFY] (the \"Business\"); WHEREAS the Manager has knowledge and expertise in the area of establishing, developing, operating and managing [SPECIFY BUSINESS TYPE], as well as in the area of the management of enterprises carrying on activities similar to those of the Company; WHEREAS the Company considers that the Manager's expertise will enable the Company to successfully and profitably operate its Business; WHEREAS the Manager has represented to the Company that it shall, during the term of this Management Agreement, be primarily responsible for the performance of the services to be provided hereunder; WHEREAS the Company wishes to engage the Manager to manage the Business on the terms and conditions set out below, and the Manager is prepared to enter into the present Management Agreement with the Company. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: ENGAGEMENT The Company hereby engages the Manager to provide expertise in the operation of the Business and such management services as may, from time to time, be requested by the Company. Such services shall be provided by the Manager and through such other agents and supervisors employed by the Manager as may be named by the Manager. The Manager shall exclusively perform the said services for the Company. TERMS AND RENEWAL The terms of the present Management Agreement shall run for [NUMBER] ([NUMBER]) months from the date of the opening for business of the Business, unless sooner terminated or subsequently continued in accordance with the terms and conditions of the present Management Agreement. The Company may, at its option, renew the present Management Agreement for an additional period of [NUMBER] ([NUMBER]) months, provided that at the end of the initial term: the Company has given the Manager written notice of such election to renew not less than [NUMBER] ([NUMBER]) months and not more than [NUMBER] ([NUMBER]) months prior to the expiry of the initial term; the Company has satisfied all monetary obligations owed by it to the Manager, and has timely met such obligations throughout the term of the present Management Agreement; the Company shall execute not less than [NUMBER] ([NUMBER]) months prior to renewal the Manager's then-current form of Management Agreement, which Agreement shall supersede in all respects the present Management Agreement, and the terms of which may differ from the terms of the present Management Agreement, including, without limitation, a revised Management Fee; and the Company shall execute a general release, in a form prescribed by the Manager, of any and all claims against the Manager and its subsidiaries and affiliates, if any, and in respect of their respective officers, directors, agents and employees. FEES AND PAYMENTS The Company shall pay to the Manager during the terms of this Management Agreement a fee for its management services in an amount equal to [PERCENTAGE %] percent ([PERCENTAGE %]) of the Gross Sales at the Business (the \"Management Fee\"), which Management Fee shall be payable monthly in arrears. The term \"Gross Sales\" as used herein shall include the aggregate of the total amount of all sales, receipts, receivables, sales of merchandise made or services rendered in, at, on, or from the Business, and sales wherever made of food, beverage and products stored on the Business's premises, including catering on and off the Business's premises, or any other business conducted from the Business, whether made by the Company or any assignee, successor or sub-lessee, and whether made on a cash basis, or by check, or on credit, paid or unpaid, collected or uncollected, including deposits not refunded to customers, and the amount of any orders received at or solicited from the Business although such orders may be filled elsewhere, in the same manner and with the same effect as if such sales or services have been made or performed on the Business premises. Each charge or sale upon credit shall be treated as a sale for the full price in the week during which such charge or sale shall be made, irrespective of the time when the Company shall receive payment, either full or partial, therefor. Any installation fee, continuing rental, or percentage sales or any other revenue received by the Franchisee from vending and other machines and public telephone permitted to be installed on the Business's premises under Paragraph 5.6 hereof shall form part of Gross Sales. The term \"Gross Sales\" as used herein shall not, however, include, or there shall be deducted therefrom, as the case may be the following amounts: the amount of all sales for which cash has been refunded, but only to the extent of such refund, provided that the amount of such sales shall have previously been included in Gross Sales; the amount of any gratuities to employees; the amount of any sales, retail, excise, or similar tax imposed by any federal, provincial, municipal or other governmental authority directly on sales or services and added to the price thereof, where such amounts have been collected from the customer at the point of sale by the Company acting as agent for such authority and actually in turn paid by the Company to such governmental authority; the amount of any promotional discounts approved by the Franchisor, including, without limitation, coupon redemptions and other sales of food pursuant to promotional programs which have been approved in writing by the Franchisor prior to implementation; meals served to employees of the Company and consumed on the Business's premises, provided an accurate list of such meals consumed is reported on the weekly report required by Paragraph 4.3 hereinabove. The Manager shall be reimbursed for all travelling and other expenses actually and properly incurred by it in connection with its duties hereunder. The Manager shall furnish statements and vouchers to the Company in respect of all such expenses for which reimbursement is claimed. All monthly payments required by this Article 3 must be paid by check drawn to the order of the Manager and received by the Manager at its address designated in sub-paragraph 9.1.1 hereof, by [HOUR] o'clock in the afternoon ([HOUR] a.m/p.m.) on the [DAY] immediately following the close of each monthly period, accompanied by a written report detailing the calculations of the Company's Gross Sales at the Business for each such monthly period. If any payment is overdue, the Company shall pay to the Manager, in addition to the overdue amount, interest on such amount from the date it was due until the date of payment, at the rate of [PERCENTAGE %] percent ([PERCENTAGE %]) per annum, and entitlement to such interest shall be in addition to any other remedies which the Manager may have. AUTHORITY, POWER, OBLIGATIONS AND RESPONSIBILITIES OF THE MANAGER The Manager shall have full power and authority to manage the Business on behalf of the Company during the terms of the present Management Agreement. For greater certainty, the Manager's authority, powers, duties and responsibilities hereunder towards the Company shall include: the recruitment, employment, and dismissal of all employees of the Company working in the Business;","Exclusive Management Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/exclusive-management-agreement-D12826.png","https://templates.business-in-a-box.com/imgs/250px/12826.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12826.xml",{"title":150,"description":6},"exclusive management agreement",[152,153],{"label":20,"url":98},{"label":20,"url":98},"/template/exclusive-management-agreement-D12826",{"description":156,"descriptionCustom":6,"label":157,"pages":158,"size":159,"extension":10,"preview":160,"thumb":161,"svgFrame":162,"seoMetadata":163,"parents":164,"keywords":171,"url":172},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[165,168],{"label":166,"url":167},"Real Estate","real-estate-business",{"label":169,"url":170},"Business Checklists","business-checklists","lease agreement","/template/lease-agreement-D1179",false,{"seo":175,"reviewer":185,"legal_disclaimer":189,"quick_facts":190,"at_a_glance":192,"personas":196,"variants":221,"glossary":246,"clauses":280,"how_to_fill":331,"common_mistakes":372,"faqs":397,"industries":425,"comparisons":442,"diy_vs_lawyer":455,"jurisdictions":468,"related_template_ids_curated":489,"schema":498,"classification":499},{"meta_title":176,"meta_description":177,"primary_keyword":178,"secondary_keywords":179},"Equipment Placement Agreement Template | BIB","Free equipment placement agreement template covering placement terms, liability, maintenance, insurance, and removal.","equipment placement agreement template",[22,180,181,182,183,184],"equipment placement contract template","equipment placement agreement free","equipment placement contract word","vendor equipment placement agreement","on-site equipment agreement",{"name":186,"credential":187,"reviewed_date":188},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":191,"legal_review_recommended":189,"signature_required":189,"notarization_required":173},"medium",{"what_it_is":193,"when_you_need_it":194,"whats_inside":195},"An Equipment Placement Agreement is a legally binding contract between an equipment owner (the placing party) and a host business (the receiving party) that governs the installation, operation, maintenance, and removal of equipment placed on the host's premises. This free Word download covers placement terms, revenue sharing or fee arrangements, liability allocation, insurance requirements, and end-of-term removal — all in a single editable document you can export as PDF and execute in minutes.\n","Use it whenever a vendor, supplier, or lessor places equipment — vending machines, ATMs, refrigerators, point-of-sale terminals, medical devices, or industrial machinery — at a location owned or operated by another business. It is equally necessary when your business hosts third-party equipment and needs to define responsibilities before the equipment arrives.\n","Parties and equipment description, placement location and access rights, term and renewal, revenue sharing or placement fees, maintenance and repair obligations, insurance and indemnification, liability for damage or loss, permitted use restrictions, and termination and removal procedures.\n",[197,201,205,209,213,217],{"title":198,"use_case":199,"icon_asset_id":200},"Vending machine operators","Placing vending units at offices, schools, or retail sites under a formal revenue-sharing arrangement","persona-small-business-owner",{"title":202,"use_case":203,"icon_asset_id":204},"ATM and kiosk providers","Installing self-service terminals at host locations with defined surcharge splits and maintenance duties","persona-fintech-operator",{"title":206,"use_case":207,"icon_asset_id":208},"Medical device suppliers","Placing diagnostic or therapeutic equipment at clinics with strict liability and service-level obligations","persona-healthcare-provider",{"title":210,"use_case":211,"icon_asset_id":212},"Restaurant equipment vendors","Supplying commercial coffee machines, refrigeration units, or POS hardware under a placement-for-purchase program","persona-retailer",{"title":214,"use_case":215,"icon_asset_id":216},"Retail brand merchandisers","Installing branded display fixtures or coolers at third-party retail locations with use restrictions","persona-agency",{"title":218,"use_case":219,"icon_asset_id":220},"Industrial equipment lessors","Positioning heavy machinery or tools at a client's facility for a fixed term with defined insurance and removal terms","persona-contractor",[222,226,229,232,235,238,242],{"situation":223,"recommended_template":224,"slug":225},"Placing vending or ATM equipment with a revenue split","Equipment Placement Agreement (Revenue Share)","equipment-placement-agreement-D773",{"situation":227,"recommended_template":51,"slug":228},"Loaning equipment to a partner at no charge for a trial period","equipment-loan-agreement-D12843",{"situation":230,"recommended_template":43,"slug":231},"Long-term lease of equipment with an option to purchase","equipment-lease-agreement-D1140",{"situation":233,"recommended_template":234,"slug":231},"Short-term rental of equipment for a single project or event","Equipment Rental Agreement",{"situation":236,"recommended_template":237,"slug":225},"Placing medical or laboratory equipment at a clinical site","Medical Equipment Placement Agreement",{"situation":239,"recommended_template":240,"slug":241},"Licensing branded fixtures or displays to a retailer","Display and Fixture License Agreement","application-for-a-license-to-display-trademarks-D958",{"situation":243,"recommended_template":244,"slug":245},"Comprehensive asset management covering multiple equipment types","Facilities Management Agreement","exclusive-management-agreement-D12826",[247,250,253,256,259,262,265,268,271,274,277],{"term":248,"definition":249},"Placing Party","The equipment owner who delivers and installs the equipment at the host's premises — also called the vendor, supplier, or licensor.",{"term":251,"definition":252},"Host","The business or property owner that receives the equipment and grants access to its premises for placement and operation.",{"term":254,"definition":255},"Placement Fee","A fixed periodic payment made by either the placing party to the host (for access) or by the host to the placing party (for use of the equipment).",{"term":257,"definition":258},"Revenue Share","A contractual split of gross receipts generated by the placed equipment — for example, 75% to the placing party and 25% to the host.",{"term":260,"definition":261},"Term","The defined period during which the agreement is in effect, after which the equipment must be removed or the contract renewed.",{"term":263,"definition":264},"Exclusive Placement","A clause granting the placing party the sole right to operate a particular category of equipment at the host's location, prohibiting competing units.",{"term":266,"definition":267},"Indemnification","A contractual obligation by one party to compensate the other for losses, claims, or damages arising from specified events or conduct.",{"term":269,"definition":270},"Holdover","A situation in which the agreement's term expires but the equipment remains on site — typically triggering a month-to-month continuation or requiring immediate removal.",{"term":272,"definition":273},"Right of Entry","The placing party's contractual right to access the host's premises for maintenance, inspection, restocking, or removal of the equipment.",{"term":275,"definition":276},"Force Majeure","A clause excusing a party's non-performance when circumstances beyond its control — natural disasters, power outages, or government orders — prevent fulfilment of its obligations.",{"term":278,"definition":279},"Fixtures","Physical items attached to real property that could legally become part of that property — relevant here to confirm that placed equipment remains the owner's personal property and not a fixture.",[281,286,291,296,301,306,311,316,321,326],{"name":282,"plain_english":283,"sample_language":284,"common_mistake":285},"Parties and equipment description","Identifies the placing party and the host by their legal entity names and describes the equipment — make, model, serial number, and quantity — so there is no ambiguity about what is covered.","This Equipment Placement Agreement is entered into as of [DATE] between [PLACING PARTY LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Placing Party'), and [HOST LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Host'). Placing Party shall place the following equipment at Host's premises: [EQUIPMENT DESCRIPTION, MAKE, MODEL, SERIAL NUMBER] (the 'Equipment').","Describing equipment generically as 'one vending machine' without serial numbers. If the unit is later disputed or damaged, there is no way to confirm which asset the agreement covers.",{"name":287,"plain_english":288,"sample_language":289,"common_mistake":290},"Placement location and access rights","Specifies exactly where in the host's facility the equipment will be located and confirms the placing party's right to enter the premises for maintenance, restocking, and removal.","Host grants Placing Party the right to place the Equipment at [SPECIFIC ADDRESS AND LOCATION DESCRIPTION — e.g., 'Ground floor break room, northeast corner']. Placing Party shall have reasonable access to the Equipment during Host's normal business hours of [HOURS], and emergency access at any time for safety-related maintenance.","Omitting a specific location description and relying on a general address. If the host later moves the equipment to an inconvenient or unsuitable spot, the placing party has no contractual basis to object.",{"name":292,"plain_english":293,"sample_language":294,"common_mistake":295},"Term, renewal, and holdover","States the agreement's start and end dates, whether it auto-renews, the notice required to terminate at renewal, and what happens if the equipment stays on site after expiry.","This Agreement commences on [START DATE] and continues for an initial term of [X] months ('Initial Term'). Thereafter, it shall automatically renew for successive [X]-month periods unless either party provides [30] days' written notice of non-renewal. If Equipment remains on Host's premises after expiry without a renewal, this Agreement shall continue on a month-to-month basis terminable on [30] days' written notice.","No holdover provision at all. When a term expires and equipment remains, the parties operate with no governing agreement — creating disputes over liability, fees, and removal responsibility.",{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Revenue sharing and fees","Defines how money generated by the equipment is split between the parties, or sets the flat placement fee, and establishes reporting and payment timing.","Placing Party shall pay Host [X]% of gross receipts generated by the Equipment, calculated monthly. Payment shall be made within [15] business days after the end of each calendar month, accompanied by a written statement showing gross receipts for the period. 'Gross receipts' means all amounts collected from the Equipment before any deductions.","Defining gross receipts without explicitly excluding refunds, chargebacks, or sales tax. Disputed deductions are among the most common causes of payment disputes under revenue-share arrangements.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Maintenance, repair, and service levels","Assigns responsibility for routine maintenance, repairs, and parts replacement to the placing party, and may set a maximum response time for breakdowns affecting the host's operations.","Placing Party shall maintain the Equipment in good working order and perform all routine maintenance at its sole expense. Placing Party shall respond to reported malfunctions within [48] hours and restore the Equipment to full operation within [5] business days. Host shall promptly notify Placing Party of any malfunction at [CONTACT INFORMATION].","Leaving maintenance responsibility undefined, or splitting it without specifying who pays for parts versus labor. Ambiguity here leads to unresolved breakdowns and deteriorating host relationships.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Insurance and risk of loss","Requires each party to maintain specified insurance coverage — general liability for the host, property and equipment insurance for the placing party — and allocates risk of loss or damage during the placement period.","Placing Party shall maintain property insurance covering the Equipment for its full replacement value of $[AMOUNT] and commercial general liability insurance of not less than $[1,000,000] per occurrence. Host shall maintain commercial general liability insurance of not less than $[1,000,000] per occurrence covering the premises. Risk of loss due to Host's negligence or willful misconduct shall be borne by Host.","Failing to specify coverage amounts or requiring certificates of insurance at signing. Without proof of coverage, either party may be uninsured when a loss occurs.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Indemnification and liability","Allocates who defends and pays for third-party claims: the placing party is typically responsible for claims arising from defects in the equipment; the host is responsible for claims arising from its own negligence or misuse.","Placing Party shall indemnify, defend, and hold harmless Host from any third-party claims arising out of defects in the Equipment or Placing Party's negligence. Host shall indemnify, defend, and hold harmless Placing Party from any third-party claims arising out of Host's negligence, misuse of the Equipment, or failure to maintain safe premises. Neither party's liability shall exceed the total fees paid or payable in the [12] months preceding the claim.","Mutual indemnification clauses with no carve-out for gross negligence or willful misconduct. Courts in many jurisdictions refuse to enforce indemnity for a party's own intentional conduct — but without a carve-out, the clause creates uncertainty.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Permitted use and exclusivity","Restricts how the host may use or interact with the equipment, prohibits unauthorized modifications, and optionally grants the placing party exclusive rights to operate that category of equipment at the location.","Host shall not modify, tamper with, or permit unauthorized use of the Equipment. Host shall not place or permit placement of any [EQUIPMENT CATEGORY] equipment operated by a third party within [X] feet of the Equipment during the term of this Agreement ('Exclusivity Zone'). Breach of this exclusivity obligation entitles Placing Party to liquidated damages of $[AMOUNT] per month for the duration of the breach.","Including an exclusivity clause without a liquidated-damages remedy. If a host installs a competing unit, the placing party's actual damages are often hard to quantify — without a defined remedy, enforcement is expensive and uncertain.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Termination for cause and cure period","Allows either party to terminate early if the other materially breaches the agreement, typically after a written notice and a defined period to cure the breach.","Either party may terminate this Agreement upon [30] days' written notice if the other party materially breaches any provision and fails to cure such breach within [15] days after written notice specifying the breach. Placing Party may terminate immediately, without cure period, if Host tampers with the Equipment or fails to maintain required insurance.","No cure period for the host's failure to pay revenue-share amounts. Terminating immediately over a missed payment — without giving the host an opportunity to cure — can expose the placing party to wrongful-termination claims.",{"name":327,"plain_english":328,"sample_language":329,"common_mistake":330},"Equipment removal and restoration","Requires the placing party to remove the equipment within a defined period after termination or expiry, and addresses what happens if removal is delayed or if the equipment damages the premises during removal.","Upon expiration or termination of this Agreement, Placing Party shall remove the Equipment from Host's premises within [15] business days at Placing Party's sole expense. If Placing Party fails to remove the Equipment within such period, Host may, after [5] days' additional written notice, remove and store the Equipment at Placing Party's expense. Placing Party shall repair any damage to the premises caused by removal.","No removal deadline and no remedy if the placing party abandons the equipment. Without a deadline, the host has no clear right to dispose of or charge storage fees for equipment left behind.",[332,337,342,347,352,357,362,367],{"step":333,"title":334,"description":335,"tip":336},1,"Enter legal entity names and contact information","Use each party's full registered legal name — not a trade name or DBA — and include principal addresses and signing officer details. Verify the host's legal entity against a corporate registry if you are the placing party.","Match the entity name exactly to the one on the host's business licence or certificate of incorporation. A mismatch can void the agreement's enforceability against the correct legal person.",{"step":338,"title":339,"description":340,"tip":341},2,"Describe the equipment precisely","List the make, model, serial number, and quantity of every unit covered by the agreement. If multiple equipment types are included, attach a Schedule A with the full inventory.","Photograph the equipment and attach the images as an exhibit before delivery. This creates an unambiguous baseline for condition disputes at removal.",{"step":343,"title":344,"description":345,"tip":346},3,"Define the placement location with specificity","Name the exact address, building, floor, and room or zone where the equipment will be installed. If the host has discretion to relocate equipment, state how much notice is required and any relocation restrictions.","Include a site map or floor-plan excerpt as an exhibit for large facilities — it eliminates ambiguity and speeds up maintenance calls.",{"step":348,"title":349,"description":350,"tip":351},4,"Set the term, renewal notice period, and holdover terms","Choose a fixed initial term appropriate to the equipment's useful life and your business relationship. Set a renewal notice period of at least 30 days, and explicitly state whether holdover continues under the same terms or reverts to month-to-month.","Calendar the renewal notice deadline immediately after signing — most placing parties lose renewal rights simply by missing the notice window.",{"step":353,"title":354,"description":355,"tip":356},5,"Complete the revenue share or fee structure","Define gross receipts precisely, set the percentage split or flat fee, and specify the payment period and due date. Include an audit right allowing the placing party to inspect host records if gross receipts are disputed.","Build a sample calculation into the agreement as an exhibit — it eliminates first-payment disputes and ensures both parties understand how gross receipts are measured.",{"step":358,"title":359,"description":360,"tip":361},6,"Assign maintenance responsibilities and response times","Confirm that the placing party is responsible for all maintenance and parts. Set a maximum response time for breakdowns (e.g., 48 hours) and an escalation path if the issue is not resolved within a defined period.","Include a 24-hour emergency contact number in the maintenance clause — hosts who cannot reach anyone during a malfunction often take matters into their own hands, voiding warranties.",{"step":363,"title":364,"description":365,"tip":366},7,"Fill in insurance amounts and require certificates at signing","Enter replacement-value coverage for the equipment and minimum liability coverage for both parties. Require each party to deliver a certificate of insurance naming the other as an additional insured before the equipment is delivered.","Review the host's existing general liability policy before the agreement is signed — many standard commercial policies exclude third-party equipment, leaving a coverage gap.",{"step":368,"title":369,"description":370,"tip":371},8,"Execute before equipment delivery","Both parties must sign the agreement and exchange insurance certificates before the equipment arrives on site. Delivery before execution leaves the placing party without contractual protections for the most vulnerable moment — transport and installation.","Use a countersignature page with a line for each party's authorized signatory, title, and date — courts look for evidence of authority to bind the entity.",[373,377,381,385,389,393],{"mistake":374,"why_it_matters":375,"fix":376},"Delivering equipment before the agreement is signed","Without a signed agreement, the placing party has no contractual basis to enforce revenue sharing, access rights, or removal obligations if the host relationship sours immediately after installation.","Make delivery contingent on full execution. Send the signed agreement and insurance certificates to the host before scheduling delivery, and retain both originals.",{"mistake":378,"why_it_matters":379,"fix":380},"No defined removal deadline after termination","A placing party that does not promptly remove equipment can face claims of trespass, conversion, or abandoned property — and the host may dispose of the equipment or charge storage fees with no contractual limit.","Set a specific removal deadline of 10–15 business days after termination, a cure notice period if the deadline is missed, and a cap on any storage fees the host may charge.",{"mistake":382,"why_it_matters":383,"fix":384},"Vague gross-receipts definition in revenue-share arrangements","Disputes over whether chargebacks, sales tax, or refunds should be deducted before calculating the host's share are among the most common triggers of payment litigation under these agreements.","Define gross receipts exhaustively — state every item that is included and every item that is excluded — and attach a sample calculation as an exhibit.",{"mistake":386,"why_it_matters":387,"fix":388},"Omitting an exclusivity clause when the business model requires it","Without an exclusivity obligation, a host can install a competing unit the day after your equipment arrives, halving your revenue with no contractual remedy.","Add an exclusivity clause defining the category of equipment, the geographic zone on the premises, and a liquidated-damages remedy that does not require proving actual loss.",{"mistake":390,"why_it_matters":391,"fix":392},"No audit right on reported revenue","If the host controls the equipment's reporting mechanism — for example, a POS terminal — there is no way to verify gross receipts without an express audit right. Under-reporting is difficult to detect and harder to recover without contractual backing.","Include a clause allowing the placing party to audit the host's revenue records related to the equipment on reasonable notice, at the placing party's expense unless a discrepancy exceeding [5]% is found.",{"mistake":394,"why_it_matters":395,"fix":396},"Using an at-will termination clause with no minimum notice","Either party walking away with no notice leaves the other unable to plan — the placing party cannot arrange immediate removal, and the host cannot quickly replace lost revenue or services.","Require a minimum of 30 days' written notice for convenience terminations, and tie it to a clear removal deadline so both parties know the exact timeline from notice to vacant premises.",[398,401,404,407,410,413,416,419,422],{"question":399,"answer":400},"What is an equipment placement agreement?","An equipment placement agreement is a legally binding contract between an equipment owner and a host business that governs the installation, operation, maintenance, and eventual removal of equipment placed on the host's premises. It defines each party's rights and responsibilities — covering revenue sharing or fees, access rights, maintenance obligations, insurance, liability, and termination — so both sides are protected throughout the placement period.\n",{"question":402,"answer":403},"Who typically uses an equipment placement agreement?","Vending machine operators, ATM and kiosk providers, medical device suppliers, beverage and food equipment vendors, retail fixture merchandisers, and industrial equipment lessors commonly use these agreements. Any situation where one business places an asset it owns on another business's property — and both parties have financial or operational stakes in its performance — warrants a formal placement agreement.\n",{"question":405,"answer":406},"How is an equipment placement agreement different from an equipment lease?","In an equipment lease, the host (lessee) takes possession and primary control of the equipment and typically pays a fixed periodic rent. In a placement agreement, the placing party retains ownership and operational control — often restocking, maintaining, and servicing the unit itself — while the host provides only space and access. The revenue model also differs: leases usually involve flat rental payments, while placement agreements commonly use revenue sharing based on the equipment's output.\n",{"question":408,"answer":409},"Does an equipment placement agreement need to be notarized?","Notarization is not generally required for an equipment placement agreement to be enforceable in the US, Canada, the UK, or the EU. Both parties signing a written agreement with dated signatures is typically sufficient. However, if the agreement is tied to a real property lease or involves equipment worth substantial amounts, some parties choose notarization for added evidentiary weight.\n",{"question":411,"answer":412},"What insurance should each party carry under a placement agreement?","The placing party should carry property insurance covering the equipment at its full replacement value and commercial general liability insurance of at least $1,000,000 per occurrence. The host should carry premises liability insurance of at least $1,000,000 per occurrence. Both parties should name the other as an additional insured and exchange certificates of insurance before the equipment is delivered. Standard commercial property policies often exclude third-party equipment — a separate rider may be needed.\n",{"question":414,"answer":415},"What happens to the equipment at the end of the agreement?","The agreement should require the placing party to remove the equipment within a defined period — typically 10 to 15 business days — after expiry or termination, at the placing party's expense. If the placing party fails to remove the equipment within the stated deadline, the host typically gains the right to arrange removal and charge the costs back to the placing party. The agreement should also require the placing party to repair any damage caused during removal.\n",{"question":417,"answer":418},"Can a host refuse access to the placing party for maintenance?","An equipment placement agreement should grant the placing party a contractual right of entry during normal business hours for routine maintenance, restocking, and inspection, and emergency access at any time for safety-related issues. If a host refuses access in breach of this clause, the placing party may have grounds to terminate for material breach after providing written notice and a cure period. Without this clause, the placing party must rely on general property law, which varies by jurisdiction.\n",{"question":420,"answer":421},"Is a revenue-share clause enforceable without an audit right?","A revenue-share clause is generally enforceable as written, but without an audit right the placing party has no contractual mechanism to verify reported amounts. If the host controls the reporting system, the only recourse for suspected under-reporting is litigation — expensive and slow. Including an audit right exercisable on reasonable notice, with costs shifting to the host if a discrepancy above a defined threshold is found, makes the revenue-share clause practically enforceable.\n",{"question":423,"answer":424},"What governing law should I choose?","Choose the law of the jurisdiction where the equipment will be physically located. In cross-state or cross-provincial arrangements, this is the most logical choice and the one courts in most jurisdictions will apply regardless of what the contract says. If the placing party operates nationally, it may prefer to select its home-state law — but this creates enforcement complexity if the host is in a different jurisdiction with mandatory consumer or commercial protections that override contractual choice-of-law.\n",[426,430,434,438],{"industry":427,"icon_asset_id":428,"specifics":429},"Food and Beverage","industry-food-beverage","Beverage equipment placements — coffee machines, soda dispensers, and water coolers — commonly include exclusivity clauses preventing competing brands and require strict sanitation maintenance standards tied to health-code compliance.",{"industry":431,"icon_asset_id":432,"specifics":433},"Healthcare","industry-healthtech","Medical device placements at clinics or hospitals require heightened liability allocation, FDA and CE compliance references, credentialing requirements for service technicians, and HIPAA-compliant data-handling provisions for connected devices.",{"industry":435,"icon_asset_id":436,"specifics":437},"Retail","industry-retail","Branded fixture and display placements typically include strict use-restriction clauses, planogram compliance obligations, and liquidated-damages provisions for unauthorized relocation or modification of the placed equipment.",{"industry":439,"icon_asset_id":440,"specifics":441},"Financial Services","industry-fintech","ATM and payment kiosk placements require surcharge-split definitions, PCI-DSS compliance obligations, transaction-reporting audit rights, and cash-handling security standards assigned between the parties.",[443,446,449,452],{"vs":43,"vs_template_id":444,"summary":445},"equipment-lease-agreement-D776","An equipment lease transfers possession and operational control to the lessee, who pays fixed periodic rent and is typically responsible for maintenance. A placement agreement keeps the placing party in operational control — servicing and restocking the unit — while the host provides only space. Revenue models differ: leases use flat rent; placements commonly use revenue sharing tied to equipment output. Choose a lease when the host takes full responsibility for use; choose a placement agreement when the vendor retains control.",{"vs":51,"vs_template_id":447,"summary":448},"equipment-loan-agreement-D775","An equipment loan agreement transfers temporary possession for no charge — typically for a trial period or a charitable purpose. A placement agreement is a commercial arrangement with defined financial terms, either a placement fee or a revenue share. Use a loan agreement for short-term, no-fee arrangements; use a placement agreement when compensation or revenue is involved.",{"vs":234,"vs_template_id":450,"summary":451},"equipment-rental-agreement-D777","An equipment rental agreement is typically short-term — days to weeks — for a single project or event, with a flat daily or weekly rate. A placement agreement covers an ongoing commercial relationship, often a year or more, with the equipment remaining at the host's site. Rentals are transactional; placements are relational and require more detailed governance of access, maintenance, and revenue.",{"vs":244,"vs_template_id":453,"summary":454},"D{FACILITIES_MANAGEMENT_ID}","A facilities management agreement covers broad operational responsibility for a facility — including but not limited to equipment. A placement agreement is narrowly scoped to one or more specific pieces of equipment and the commercial terms around them. If you need a vendor to manage multiple systems across a property, a facilities agreement is more appropriate; if you are placing a specific asset for commercial gain, a placement agreement governs it more precisely.",{"use_template":456,"template_plus_review":460,"custom_drafted":464},{"best_for":457,"cost":458,"time":459},"Standard vending, ATM, kiosk, or beverage equipment placements at a single domestic location with a straightforward revenue share","Free","20–30 minutes",{"best_for":461,"cost":462,"time":463},"Placements involving medical devices, high-value equipment, exclusivity obligations, or multi-location deployments","$300–$700","2–4 days",{"best_for":465,"cost":466,"time":467},"Enterprise-scale placements, cross-border arrangements, regulated industries (healthcare, financial services), or equipment valued over $50,000","$1,500–$4,000+","1–3 weeks",[469,474,479,484],{"code":470,"name":471,"flag_asset_id":472,"note":473},"us","United States","flag-us","Placement agreements are governed by state commercial law — primarily UCC Article 2A for equipment with lease-like characteristics and common-law contract principles otherwise. Exclusivity clauses may raise antitrust concerns under Section 1 of the Sherman Act if they foreclose competition in a relevant market. California, New York, and Texas each have specific rules on indemnification clauses between commercial parties; broad indemnity for a party's own negligence is void in several states.",{"code":475,"name":476,"flag_asset_id":477,"note":478},"ca","Canada","flag-ca","Provincial sale-of-goods and personal property security legislation (PPSA) governs equipment interests across Canada — the placing party may need to register its security interest in the equipment under the applicable provincial PPSA to protect ownership against the host's creditors. Quebec uses a civil law framework, and such agreements may need to comply with the Civil Code of Quebec rather than common-law contract principles. In both common-law provinces and Quebec, overbroad exclusivity clauses can be challenged under the Competition Act.",{"code":480,"name":481,"flag_asset_id":482,"note":483},"uk","United Kingdom","flag-uk","The Unfair Contract Terms Act 1977 and the Consumer Rights Act 2015 limit the extent to which liability can be excluded between commercial parties — liability exclusion clauses must satisfy a reasonableness test. The placing party should register its ownership interest under the Personal Property Securities framework or ensure the agreement clearly labels the equipment as personal property not affixed to the premises. Exclusivity arrangements may be reviewed under Chapter I of the Competition Act 1998 if they have an appreciable effect on competition.",{"code":485,"name":486,"flag_asset_id":487,"note":488},"eu","European Union","flag-eu","EU competition law — Article 101 TFEU — scrutinizes exclusivity clauses in commercial placement agreements; arrangements that foreclose competing suppliers from host locations at scale may require a safe-harbour analysis under the Vertical Block Exemption Regulation. GDPR obligations apply where placed equipment (ATMs, kiosks, connected devices) processes personal data, requiring a data processing addendum. Member states have varying rules on mandatory maintenance standards for consumer-facing equipment, particularly in France, Germany, and the Netherlands.",[231,228,231,490,491,492,493,245,494,495,496,497],"non-disclosure-agreement-nda-D12692","service-agreement-D12711","revenue-sharing-agreement-D13477","independent-contractor-agreement-D160","lease-agreement-D1179","vendor-agreement-D13292","building-maintenance-agreement-D13817","indemnification-agreement-D13016",{"emit_how_to":189,"emit_defined_term":189},{"primary_folder":98,"secondary_folder":500,"document_type":501,"industry":502,"business_stage":503,"tags":504,"confidence":509},"equipment-and-facilities","agreement","general","all-stages",[505,506,507,508],"contract","liability","equipment-placement","revenue-sharing",0.92,"\u003Ch2>What is an Equipment Placement Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Equipment Placement Agreement\u003C/strong> is a legally binding contract between an equipment owner — the placing party — and a host business that formalizes the terms under which the placing party installs, operates, maintains, and ultimately removes equipment from the host's premises. Unlike a standard equipment lease, the placing party typically retains operational control: they service the unit, restock consumables, and collect revenue, while the host contributes only space and access in exchange for a placement fee or a percentage of gross receipts. The agreement defines ownership, access rights, revenue allocation, insurance obligations, liability limits, and removal procedures so both sides operate with clear, enforceable expectations from day one.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a written equipment placement agreement, both parties face compounding exposure the moment the equipment is installed. The placing party has no contractual basis to enforce revenue-share payments, access the premises for maintenance, restrict a competing unit from being placed next to theirs, or compel removal by a specific date. The host has no documented record of who is responsible for repairs, what happens when the equipment injures a customer, or whether their general liability insurance even covers third-party assets on the premises. A single unresolved breakdown, a disputed monthly payment, or a host bankruptcy can leave an unprotected placing party with equipment they cannot retrieve and revenue they cannot recover. This template closes those gaps in under 30 minutes — giving both parties a signed, enforceable record before the first unit is delivered.\u003C/p>\n",1778696372531]