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The Tool Loan Agreement serves as a crucial legal instrument in Indonesian business operations where temporary access to tools or equipment is required. This document, governed by Indonesian law and particularly the Civil Code (KUHPerdata), is essential for organizations and individuals who need to formalize temporary tool lending arrangements. The agreement provides a comprehensive framework for managing tool loans, protecting both lenders and borrowers by clearly defining responsibilities, usage terms, and liability allocation. It's particularly valuable in situations involving expensive or specialized equipment where clear documentation of the lending arrangement is necessary for risk management and operational purposes. The Tool Loan Agreement includes specific provisions for tool identification, condition assessment, usage parameters, and return requirements, all structured to comply with Indonesian legal requirements and business practices.

1. Parties: Identifies and provides full details of the lender and borrower, including their legal names, addresses, and any registration numbers if applicable

2. Background: Brief context explaining the purpose of the loan agreement and the relationship between the parties

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Tool Description: Detailed description of the tools being loaned, including identification numbers, brands, models, and condition

5. Loan Period: Specifies the duration of the loan, including start and end dates, and any provisions for extension

6. Terms of Use: Outlines how the borrower may use the tools, including any restrictions or specific requirements

7. Maintenance and Care: Details the borrower's obligations regarding tool maintenance and proper storage

8. Return of Tools: Specifies the condition in which tools must be returned and the return process

9. Risk and Liability: Allocates risk and establishes liability for damage, loss, or accidents

10. Termination: Circumstances under which the agreement can be terminated and the consequences

11. Governing Law: Specifies that Indonesian law governs the agreement

12. Execution: Signature blocks and execution details