Document background
A Hire Agreement is essential when businesses or individuals need to temporarily use equipment or goods without purchasing them outright. This contract type, governed by Singapore law, establishes clear terms for the hiring arrangement, including duration, payment terms, maintenance responsibilities, and liability provisions. It protects both the owner's property interests and the hirer's right to use the equipment as agreed. The agreement must comply with Singapore's Contract Law, Supply of Goods Act, and other relevant legislation, making it particularly important for businesses operating in Singapore's dynamic commercial environment.
