K2 MUSIC LTD HIRE AGREEMENT - TERMS AND CONDITIONS (abridged)
1. THE HIRER SHALL:-
(a) Pay the said hire rent in accordance with the terms agreed with the company.
(b) Use the Goods only for the purpose for which they are designed.
(c) Maintain the Goods in the same working condition, appearance and state of repair as they now are and if default of so doing pay to the Owner on demand the cost of putting the same back into such condition, appearance and state of repair howsoever any damage may be caused.
(d) In the event of loss of the Goods or any item thereof from whatsoever cause forthwith pay to the Owner the full cost of replacement.
(e) Not part with the possession of the Goods or any item thereof.
(f) Not attempt to assign the benefit of this agreement.
(g) Immediately on request advise the Owner of the whereabouts of the Goods
(h) Not pledge the Goods or any item thereof nor allow the same to be taken in execution.
(i) Return the Goods or make them available for return (according to the terms agreed with the company) to K2 MUSIC upon the date of termination of the hiring and in default of so doing pay to the Owner by way of liquidated damages in respect of each subsequent day a sum equivalent to the hire rent payable in respect of each day during the period of the hiring, such sums to be paid without prejudice to the Owners' right to greater damages for such default in the event of greater loss.
(j) In the event of cancellation of the hire, rent or other use of any equipment and/or studios and where a period of less than 48 hours notice has been given, the hirer shall be liable for a payment of fifty percent (50%) of the original hire costs as set out in the current tariff.
2. THIS agreement shall determine forthwith (without prejudice to any antecedent claim of the Owner) and the Goods may forthwith be repossessed by the Owner in any one or more of the following events:-
(a) The Commission by the Hirer of an act of Bankruptcy or his entry into any
agreement with his general body of creditors.
(b) The breach by the Hirer of any stipulation herein contained and on his part to be observed and performed.3. THE Hirer hereby declares:
(a) That he is eighteen years of age or more.
(b) That he is otherwise legally entitled to enter into this agreement on his own behalf or (if he shall enter into the same on behalf of another individual or on behalf of other individuals or a limited company) that he has full authority so to do.Copyright © 2005 - K2 Music Ltd. All Rights Reserved. E&OE.