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1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses
2. Background: Establishes the context of the agreement, including the Lender's ownership of the instrument and the Borrower's desire to borrow it
3. Definitions: Defines key terms used throughout the agreement, including 'Instrument', 'Loan Period', 'Return Date', etc.
4. Loan Terms: Specifies the duration of the loan, return date, and any extension provisions
5. Instrument Description: Detailed description of the instrument being loaned, including make, model, serial number, and condition
6. Care and Maintenance: Borrower's obligations regarding the proper care, storage, and maintenance of the instrument
7. Usage Restrictions: Specific limitations on how and where the instrument may be used
8. Insurance Requirements: Mandatory insurance coverage to be maintained by the Borrower
9. Return Conditions: Requirements for the condition of the instrument upon return
10. Default and Remedies: Consequences of breach and available remedies
11. Governing Law: Specifies Malaysian law as governing law and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Rental Fees: Include when the loan includes periodic payments for use of the instrument
2. Security Deposit: Include when a security deposit is required from the Borrower
3. Transportation: Include when specific arrangements for instrument transportation need to be detailed
4. Performance Rights: Include for musical instruments when performance rights or restrictions need to be specified
5. Sub-lending: Include when the possibility of sub-lending needs to be explicitly addressed (usually to prohibit it)
6. Intellectual Property: Include when the instrument's use might involve IP rights (e.g., recording equipment)
7. Export Controls: Include when the instrument might be used internationally
8. Force Majeure: Include when specific circumstances beyond parties' control need to be addressed
1. Schedule 1 - Instrument Specifications: Detailed technical specifications and photographs of the instrument
2. Schedule 2 - Condition Report: Detailed report of the instrument's condition at the time of loan
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including coverage types and amounts
4. Schedule 4 - Maintenance Instructions: Detailed maintenance and care instructions specific to the instrument
5. Schedule 5 - Authorized Users: List of individuals authorized to use the instrument (if applicable)
6. Appendix A - Handling Guidelines: Specific guidelines for proper handling and use of the instrument
7. Appendix B - Return Checklist: Checklist for instrument return procedures and condition verification
Education
Arts and Entertainment
Music Industry
Cultural Heritage
Research and Development
Manufacturing
Professional Services
Media Production
Performing Arts
Scientific Equipment
Legal
Operations
Asset Management
Risk and Compliance
Facilities Management
Technical Operations
Administration
Finance
Property Management
Research Operations
Legal Counsel
Equipment Manager
Facility Director
Orchestra Manager
Museum Curator
Research Director
Academic Administrator
Performance Manager
Asset Manager
Operations Director
Risk Manager
Compliance Officer
Technical Director
Department Head
Laboratory Manager
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