1. MainLine (Water Solutions) Ltd “the Company” agrees to let on simple hire to the party above “the Hirer” and the Hirer specified above to take on simple hire the equipment specified above which the hirer understands is and will not at any time become his property.
2. The Hirer agrees to continue the hiring for the period of 14 days and thereafter either party shall be able to terminate the hiring of by giving a minimum 48 hours notice.
3. Should the Hirer wish to continue the hire after the initial free trial period, the Hirer shall make to the Company rental payments in quarterly or annual payments against invoice as issued by the Company.
4. At all times during the hiring the Hirer shall:
(1) Keep the equipment in good condition and use it in a careful and proper manner
(2) Keep the equipment fully insured against loss or damage howsoever caused
(3) Keep the equipment free and exempt from any distress executive charge or other legal process
(4) Not sell, let or assign or otherwise dispose of the equipment or part with possession of it
(5) Not remove it from the premises specified above without the Company’s prior written consent
5. If the Hirer shall:
(1) Commit any acts of insolvency or compound or negotiate with its Creditors
(2) Fail to make any rental payment within twenty one days of its due date
(3) Commit any breach of any of the other terms of this Agreement
The Company shall be entitled without prejudice to any rights it may have and without notice to terminate the hiring forthwith and may without notice retake possession of the equipment and the Hirer shall pay the Company by way of liquidated damages a sum calculated in accordance with clause 6 hereof, within 28 days of the Company sending a demand showing the calculation of that sum to the Hirer at the address specified at (2) overleaf.
6. The sum referred to in clause 5 above shall be equal to the rent payable at the date of the demand for a period equal to the unexpired balance of the minimum hire period less 10% for each full year of such period by way of an allowance against the estimated cost to the Company of maintaining the equipment during such a period.
7. The Company will not be liable for any injury, damage or loss either to person or property whether direct or consequential and howsoever arising resulting from the hire of the equipment unless directly attributable to negligence of the Company or its employees.
8. This Agreement will be subject to English law and any disputes will be settled in English courts. The VAT element within the hire charge is subject to change as directed by H.M. Customs and Excise.
9. The Hirer having carefully read this Agreement accepts such as a final expression of the terms agreed and that there are no additional terms conditions stipulations or representations, either oral or written, not contained herein.
