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Theft Waiver
"I need a Theft Waiver agreement for my construction equipment rental business in Hong Kong, covering equipment valued up to HKD 500,000 per item, with specific provisions for on-site security requirements and a claims process that requires police reports within 24 hours of discovery."
1. Parties: Identification of the waiver provider and the protected party/parties
2. Background: Context of the waiver agreement and its relationship to any main agreement (e.g., rental agreement)
3. Definitions: Key terms used throughout the document including 'theft', 'covered property', 'claim period', etc.
4. Scope of Coverage: Detailed description of what items and circumstances are covered under the waiver
5. Waiver Terms: Specific conditions under which the waiver will apply and the provider will waive claims against the protected party
6. Exclusions: Specific circumstances, actions, or types of theft that are not covered by the waiver
7. Claims Procedure: Process for reporting theft and making claims under the waiver
8. Fees and Payments: Cost of the waiver and payment terms if applicable
9. Duration and Termination: Period of coverage and circumstances for termination
10. General Provisions: Standard contractual terms including governing law, notices, and amendment procedures
1. Special Value Items: Additional terms for high-value items requiring specific declaration or treatment
2. International Coverage: Terms specific to theft occurring outside Hong Kong, if applicable
3. Security Requirements: Specific security measures that must be maintained for the waiver to be valid
4. Insurance Coordination: Terms regarding coordination with other insurance policies
5. Additional Services: Any additional services provided alongside the theft waiver (e.g., security consultation)
6. Force Majeure: Terms dealing with extraordinary circumstances affecting the waiver coverage
1. Schedule 1 - Covered Property: Detailed list or categories of property covered by the waiver
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees and charges if applicable
3. Schedule 3 - Claim Forms: Standard forms and documentation required for making a claim
4. Appendix A - Security Guidelines: Recommended or required security measures for maintaining waiver validity
5. Appendix B - Excluded Items: Comprehensive list of items or situations explicitly excluded from coverage
Authors
Equipment Rental
Real Estate
Retail
Hospitality
Storage and Warehousing
Transportation and Logistics
Electronics and Technology
Event Management
Construction
Shared Workspace
Luxury Goods
Vehicle Leasing
Legal
Risk Management
Operations
Compliance
Customer Service
Claims Processing
Asset Management
Contract Administration
Security
Business Development
Risk Manager
Legal Counsel
Compliance Officer
Operations Manager
Rental Operations Director
Asset Manager
Contract Administrator
Claims Manager
Customer Service Manager
Business Development Manager
Property Manager
Fleet Manager
Security Manager
Facilities Manager
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