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The Simple Equipment Borrowing Agreement serves as a legally binding document under Danish law for situations where equipment is temporarily transferred from one party to another without a sale transaction. This document type is commonly used in professional, educational, and research environments where specialized equipment needs to be shared or temporarily utilized by different parties. The agreement incorporates essential elements required by Danish contract law and property law, including clear identification of parties, equipment details, duration of use, maintenance responsibilities, and liability provisions. It is particularly relevant in scenarios where organizations need to document equipment loans while ensuring compliance with Danish regulatory requirements and protecting both parties' interests. The document's structure allows for easy customization while maintaining legal validity, making it suitable for both simple and complex equipment lending arrangements.

1. Parties: Identification and contact details of the Equipment Owner and Borrower

2. Background: Brief context explaining the purpose of the equipment borrowing arrangement

3. Definitions: Key terms used throughout the agreement including 'Equipment', 'Loan Period', 'Permitted Use'

4. Equipment Details: Specific description and identification of the equipment being borrowed

5. Loan Period: Duration of the loan, including start and end dates

6. Delivery and Return: Terms regarding the collection/delivery and return of the equipment

7. Use of Equipment: Conditions and restrictions on how the equipment may be used

8. Care and Maintenance: Borrower's obligations regarding equipment care and maintenance

9. Risk and Insurance: Responsibility for risk of loss or damage and insurance requirements

10. Liability: Allocation of liability between parties and any limitations

11. Termination: Circumstances under which the agreement can be terminated

12. Governing Law: Specification of Danish law as governing law