Last updated: August 1, 2022

Purpose of the rental

The lessor hereby comes into the agreement on the intent of renting the equipment for personal and recreational use. Any kind of commercial usage or any usage that falls beyond the personal and recreational intent shall hold the lessor liable to actions being taken by the lessor thereafter.

Term

The agreement shall come into effect on the effective date and shall terminate at the time of the return of the product unless otherwise terminated in a manner consistent with this agreement. At the end of the term, the lessee shall be obligated to return the equipment to the lessor, with considerations to the payments and due amounts in place.

Payment Terms

1. The rental fee will be applicable as listed on the website and lessor’s platforms, as communicated to the lessee. The actual payment will be calculated based on the services availed from the lessor, as declared and requested on the mutual consent of both parties.

2. The payment shall be paid by the lessee every 30 days for long term rentals, or immediately, at the time of termination of this agreement. In case the lessee fails to make payment within 5 days of the termination of this agreement, a late charge interest of 10% will be applicable on a per-day basis.

3. That the lessee agrees to pay all the applicable taxes, license and registration fees to the govt, third parties as applicable.

Security Deposit

1. In addition to the rental fee, the lessor and lessee hereby agrees and acknowledges to not exchange any security deposits.

2. That lessor has agreed to not indulge in security deposit in good faith, on the premise of the equipment being safely returned by the lessee, at the end of the term of this agreement. Any damages or liabilities arising out of the rental term, adjusting dues (if any) or cost towards damages caused by the damages of the equipment, shall be payable by the lessee, in complete, without any objection to the amount thereof.

Insurance

The Lessee hereby agrees to take proper precautionary steps and care of the equipment. The lessee also agreed to take suitable steps, including an insurance cover, if needed, they deem fit to protect the equipment and cover for damages, if any.

Damages, Alterations and payments

1. The lessee agrees and acknowledges to receive the equipment in the best industry standards, sealed with lessor’s stick-up tape. The lessee is hereby notified to not accept the delivery in case the seal is broken and notify the lessor immediately of such issue.

2. The lessee also agrees to not alter the equipment without the prior written consent of the lessor.

3. The lessee agrees to keep the equipment in good condition. The lessee also agrees that they have received the equipment to the industry standards and any problems arising out thereafter puts them under a liability to pay for the repairs and damages arising thereof.

4. The lessee agrees that the lessor will have the right to assess any damage and decide the cost of repair/ loss completely at their own discretion, which the lessee will be liable to pay.

Termination

The parties hereby agree that either of them retains the right to terminate this agreement at any time, without any due reason. The agreement shall be marked terminated from the time of explicit intimation of termination from either side and any payments arising thereof shall remain effective after the termination for both parties.

Breach of the contract

1. The Lessee hereby agrees that any violation of this agreement, any non-payment or lack of communication leading to susceptibility of the usage will be termed as a breach of trust and the agreement will be termed as Terminated in such case. Any liabilities, including any due payments, damage fine and other liabilities, arising thereof, will be payable by the lessee.

2. The lessee is also informed that the breach of this agreement will make the legal representatives and recovery associates of lessor eligible to take due course of action against the lessee, including but not limiting to filing a police complaint, sending legal notices, reaching out and intimating the knowns and associated places of the lessee, as required and deemed right by them.

Indemnification

Lessee agrees to indemnify and hold lessor, its subsidiaries, affiliates and respective associates, harmless from any loss, liability, demand, claim or legal proceedings, including material or non-material loss or suffering arising out of the relation or usage of the equipment or this agreement.

Force Majure

With the exception of payment obligations, the return of the equipment, neither party shall be liable for failing to perform its obligations hereunder, if they were delayed or hindered by war, riots, embargoes, strikes, acts of God or any other event beyond the reasonable control.

Dispute Resolution and Jurisdiction

The agreement and any dispute arising relating to this agreement shall be governed by and interpreted in accordance within the law and parties irrevocably agree that the courts within the State of Delhi, India shall have exclusive jurisdiction to settle any dispute which may arise out of, under, or in connection with the agreement, regardless of the individual party location.

Contact Us

If you have any questions about our Rental Agreement, please contact us: * By email: hello@gameoly.com