Model Equipment Loan Agreement
Patricia Hagen 19 Apr 1999 15:09 EST
Good afternoon!
One of our faculty members called to ask me if I have or could craft an
agreement under which one of the University's benefactors "lends" a large,
expensive piece of equipment--a 4-station hipware (sp?) simulator--to the
University, specifically the researcher's lab. The loan would last for at
least two years. (The benefactor was going to gift this equipment to the
University, but for some reason decided to "loan" it instead. He may end up
gifting it, but the status is a loan at this point.)
Before I agonize too much over how this situation can be turned into an
agreement, has anyone else ever had a similar arrangement for which an
agreement was drafted? If so, would you be willing to share it with me?
Thanks in advance for any help...
Patty Hagen
Director, Research Services
Saint Louis University
314-977-2241 office
314-977-3943 fax
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