Demo loan agreement

Demo Product Agreement

The Demonstration Product Agreement, in effect as of the date set forth below, between Zunch Labs LLC. (“Zunch Labs”) and Customer (identified below) sets forth the terms and conditions for the loan of the Zunch Labs Product by Zunch Labs to Customer for the sole purpose of demonstration and evaluation of the Product

  • Date Format: MM slash DD slash YYYY

    1. The Product remains the property of Zunch Labs and will be returned by the Return Date indicated below or upon request.

    2. Zunch Labs will loan the Product to the Customer. The Product will be shipped, at Zunch Labs expense to the address as listed above. The Customer is responsible for the shipping cost when returning the Product to Zunch Labs at the end of the demonstration period.

    3. This Agreement shall begin as of the Effective Date and run for a period of 30 days (“Term”) unless terminated earlier due to early termination for cause or upon ten (10) days written notice by Zunch Labs or Customer to the other party without cause. Zunch Labs may, in writing, extend the term or establish a separate term for particular items of Equipment. Upon expiration of any term, the terms of this Agreement shall be extended month to month until terminated by ten (10) days written notice by either party to the other..

    4. Product returned to Zunch Labs must be in the same working and physical condition as it was at the time the Product was delivered to the Customer. To avoid possible charges, the customer is expected to adhere to the following guidelines:

    • a. Customer should retain the original boxes and packaging.
    • b. All returns must be complete with all manuals, cables, hardware bags, etc., just as they were received
    • c. If the Product is damaged due to inadequate packaging, the Customer will be liable to Zunch Labs for the amount necessary to restore the Product to such condition, or if not restorable, the invoice amount as shown on the attached quotation.

    5. The Customer assumes all risks of loss or damage to the Product.

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