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An Equipment Rental Agreement is essential for any business arrangement involving the temporary use of equipment in Singapore. This document is designed to protect both the equipment owner and renter by clearly defining their rights and obligations. The agreement covers crucial aspects such as rental duration, payment terms, maintenance responsibilities, and liability allocation, while ensuring compliance with Singapore's legal requirements. It's particularly important for high-value equipment rentals and situations requiring clear documentation of equipment condition, usage terms, and risk management protocols.
