The Lessee, whose name and authorized signature appear on this agreement, hereby agrees to indemnify and hold Commons Productions, the Lessor, (hereinafter designated CP) harmless from any and all claims, actions, suits, proceedings, costs, expenses, damages and liabilities, including reasonable attorney fees arising out of, connected with, or resulting from the rental/lease of any equipment, including motor vehicles.
The minimum rental period is one day. Special rates are available on one week or longer rentals. CP requires 24 hours notice of all cancellations. A minimum of one-day rental shall be charged for lack of advance notice.
Payment terms are net 30 days with good credit. A charge of 1.5% per month will be applied after 30 days. All accounts over 60 days will be C.O.D.
Our equipment is offered for inspection and testing at the time of rental. All equipment is rented in good condition and is to be returned in the same condition. Lessee will be responsible for any cost to repair and/or replace equipment to same condition as when delivered, normal wear and tear accepted. It is further understood and agreed that Lessee shall be obligated for loss of rental income until such time as equipment is fully repaired and returned to CP or full payment in settlement of loss received by CP.
Lessee shall provide CP with a Certificate of Insurance, signed by an authorized representative of the Lessee's insurance company, evidencing that Lessee is in compliance with the insurance provisions of this Agreement, prior to the delivery of any equipment or vehicles rented by Lessee hereunder. Lessee shall have the insurance company providing coverage required hereunder add the interest of CP as Additional Insured and Loss Payee as CP's interest may appear in reference to any and all equipment provided by CP under the terms and conditions of this Agreement. Any insurance certificate provided in accordance with this Agreement shall stipulate that CP shall receive 30 days written notice of cancellation from the insurance company providing the required coverage prior to any cancellation or reduction in the limits of liability; each such certificate issued to CP shall stipulate that the coverages indicated on the insurance certificate shall be primary coverage and not contributing with any other insurance maintained by CP. It is agreed that Lessee's insurance coverage shall commence at the time of any of CP's equipment leaves CP's premises and shall remain in full force and effect until the equipment is returned to the premises of CP unless CP shall stipulate that such equipment is to be returned to a specific location other than CP's premises.
Lessee must provide Commons Productions with evidence of Comprehensive General Liability Insurance in an amount not less than:
311 El Carmelo Ave.
Palo Alto, CA. 94306
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I/We have read this contract and agree to all terms and conditions.
Print Name ____________________ with (company name) ___________________
Sign Name ______________________________________ Date: ________________