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Rental Terms

I. THE PARTIES. This Equipment Rental Agreement ("Agreement") is made on this date of (set upon checkout) by and between: 

Owner: A business entity known as The Lazy Bear Coffee Company, with a mailing address of 76 Country Club Circle, Pembroke, Massachusetts, 02359 ("Owner"), and 

Renter: A business entity known as (set upon checkout) with a mailing address of (set upon checkout) ("Renter"). 

Owner and Renter are each referred to herein as a "Party" and collectively as the "Parties." 

II. EQUIPMENT DESCRIPTION. The Owner hereby leases to the Renter the following equipment: 

coffee brewing equipment 

Hereinafter known as the "Equipment." 

III. TERM. This Agreement shall be considered a fixed agreement starting on (date) (set upon checkout) and ending on (date) (set upon checkout) ("Lease Term"). At the end of the Lease Term, if no renewal is made, the Renter shall be required to return the Equipment to the Owner. 

IV. RENT. The Renter agrees to pay the Owner (cost) (set upon checkout) for leasing the Equipment ("Rent"), and the Rent shall be paid on a monthly basis.

Rental of any brewing system requires the purchase and use of  Lazy Bear Coffee with no exceptions, the use of any other coffee products will terminate any rental agreement and forfeit  of any and all deposits 

V. LATE CHARGES. If any amount of Rent is 5 day(s) late or more under this Agreement, the Renter will be obligated to pay a late fee of $5.00 for each day that Rent is late. 

VI. SECURITY DEPOSIT. Prior to taking possession of the Equipment, the Renter shall be required to pay a deposit in the amount of $250.00 ("Security Deposit") for the performance by the Renter under this Agreement for damages caused by the Renter or Renter’s agents to the Equipment during the Lease Term. In addition, the Security Deposit may be applied to any amount owed by the Renter to the Owner.

VII. DELIVERY OF EQUIPMENT. The delivery of the Equipment to the Renter at the start of the Lease Term and returning to the Owner at the end of the Lease Term shall be the responsibility of the Owner. One delivery per month is included at no cost, any additional deliveries required in the given thirty (30) day period will be require a delivery fee of fourth five ($45,00) per delivery

VIII. OPTION TO PURCHASE. During the Lease Term, the Renter shall not have the option to purchase the Equipment. If the Parties do come to an Agreement to purchase, it shall be in a separate agreement. 

IX. REPAIRS AND MAINTENANCE. If for any reason the Equipment shall need repairs or maintenance due to wear-and-tear, the Owner shall be responsible. 

X. INSURANCE. There shall be no requirement for the Renter to have any type or kind of insurance as part of this Agreement. 

XI. USE OF EQUIPMENT. The Renter agrees to use the Equipment for its intended use and legal purposes. Any use of the Equipment outside of its intended use or for unlawful purposes can result in the termination of this Agreement. 

XII. ACCEPTANCE OF EQUIPMENT. The Renter shall inspect each item and part of the Equipment upon delivery and pursuant to this Agreement. The Renter shall have twenty-four (24) hours from the delivery date to inform the Owner of any discrepancies. If for any reason the Renter claims the Equipment was not the same or as described under this Agreement, the Renter shall be able to return the Equipment and obtain a full refund for any Rent, Security Deposit, and any other payments made. 

XIII. NO WARRANTY. The Owner makes no warranties, express or implied, as to the equipment leased. The Renter assumes responsibility for the condition of the Equipment. 

XIV. RISK OF LOSS OR DAMAGE. The Renter assumes all risk of loss or damage to the Equipment from any cause and agrees to return it to the Owner in the condition received, with the exception of wear and tear, unless otherwise provided in this Agreement. 

a.) Damaged or Lost Equipment. Unless otherwise provided in this Agreement, if the equipment is damaged or lost, the Owner shall have the option of requiring the Renter to either repair the Equipment to a state of good working order or to replace the Equipment with like-equipment and in equal condition. The final decision for approval of any lost or damaged Equipment will be ultimately up to the Owner. 

XV. TAXES AND FEES. During the Lease Term, the Renter shall be responsible and be required to pay any applicable taxes, assessments, license, registration, or any other fees associated with the handling and operation of the Equipment. 

XVI. DEFAULT. If the Renter shall default under this Agreement, and without notice to or demand on the Renter, the Owner may take possession of the Equipment as provided by law with the right to deduct the costs of recovery, including any attorney’s fees and legal costs, in addition to any repair or other costs to obtain the Equipment and bring to the same condition as the Renter received upon initial delivery. 

XVII. ASSIGNMENT. The Renter is strictly prohibited from assigning or subletting the Equipment in any manner unless written consent is given by the Owner. In addition, the Equipment may not be used by any person or associate other than the Renter and their agents, employees, and subcontractors. 

XVIII. GOVERNING LAW. This Agreement shall be construed and governed in accordance with the laws located in the State where the Equipment is being rented. 

XIX. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties. This Agreement replaces any and all prior agreements made between the Parties. 

XX. EXECUTION. Renter and Owner each represent and warrant to the other that each person executing this Agreement on behalf of each party is duly authorized to execute and deliver this Agreement on behalf of that party. 

The signing of any agreement grants permission to the Lazy Bear Coffee Company the ability of sharing and promoting the renters company name, logo and limited information for promotional use

Owner’s Signature: (set upon checkout) Date: (entered upon checkout)

Print Name: Douglas Roberts 

Renter’s Signature: (entered upon checkout) Date: (entered upon checkout)  

Print Name: (entered upon checkout)

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