Download PDF Rental Agreement Ownership The equipment is the property of Fondriest Environmental for the term of rental and at its conclusion. Terms Net 30 days from receipt of invoice (requires prior approved credit). Visa, MasterCard, and American Express credit cards are also acceptable forms of payment. Rental Period The rental period starts on the day the equipment is received by the customer and the billing continues through the day before the equipment is received by Fondriest Environmental. If the equipment is received by Fondriest Environmental on Monday, the customer will not be charged for Saturday and Sunday. Invoices are sent on the day the equipment is shipped. For rentals exceeding one month, invoices are sent monthly. Extensions In the event that a lease is extended or not returned on time, the customer will be billed accordingly. Rentals billed to a credit card will receive automatic charges to that credit card account. Cancellation If an order is cancelled after shipment, the customer will be charged a Minimum Cancellation Fee amounting to 3 days rental of the equipment plus shipping charges. Freight All freight is paid by the customer except freight charges resulting from equipment failure (through no fault of the customer) with subsequent replacement. Insurance Customer is responsible for insurance coverage based on replacement cost to cover time of rental period as described in the Replacement Cost Quote. Care & Operation of Equipment Customer assumes responsibility for the proper care and operation of the equipment in compliance with all laws & other governmental requirements and the manufacturer's instructions & specifications during the rental period. Loss or damage expenses beyond normal wear will be paid by the customer to Fondriest Environmental at a rate not to exceed replacement cost. All service to equipment, except routine field maintenance (i.e. DO Membrane replacement, calibration, cleaning, etc.) is provided by Fondriest Environmental. Customer shall not make any alterations, modifications, or repairs to any equipment without prior written consent. Warranty & Liabilities Fondriest Environmental warrants its equipment to be fit for intended service throughout the rental period. There are no other warranties of merchantability fitness, or otherwise, expressed or implied. The equipment is rented and accepted with the understanding and agreement that the customer's liability for damages is limited to the replacement cost of the equipment involved. In no event shall Fondriest Environmental be liable for any consequential, incidental, or exemplary damages, including, without limitation, any loss of profit or revenues, loss of use of any equipment or any other equipment, damage to other equipment, cost of substitute equipment, or downtime costs. All liabilities related to the use of the equipment are the responsibility of the customer. |