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Conditions of Rental

INDUSTRIAL PRECISION INSTRUMENTS P/L
(ABN: 27 063 544 392)
(NOTE: THEREAFTER REFERRED TO AS I.P.I.)


The Customer (Which for the purpose of this Rental Agreement includes its employees, servants) hereby rents from the applicable  I.P.I. the Equipment as referred to in the documents (including operating manuals) or things supplied with Equipment upon the  following terms and conditions.

1. CASUAL RENTAL

The rental period commences on the rent start date shown on the rental agreement and continues until it terminates at 10:00 am on the  first business day after the period nominated on the rental agreement. A business day excludes Saturdays, Sunday and Public holidays.  When the equipment is not returned at the end of the rental period specified in the rental agreement, then rental charges will continue  to accrue at the same daily rate set out in the rental agreement until the business day on which the equipment is returned complete  with all the accessories and undamaged.  The rental period set out in the rental agreement is the minimum for which charges at the daily rate set out in the rental agreement
apply.  A rental fee at the daily rental rate and subject to a minimum total charge set out in the rental agreement will continue to be charged  until the equipment is returned complete with all the accessories and undamaged. Where equipment or accessories are lost or  equipment or accessories are damaged and the rental agreement did not include damage waiver under clause 20 of their terms and  conditions, the rental fee at the daily rate will continue to be charged and payable until replacement equipment or accessories(s) is/are  purchased and delivered to I.P.I. and/or damaged equipment or accessories are replaced or repaired to serviceable condition and  returned to I.P.I.  The rental rate shown on the rental agreement shown on the rental agreement does not include preparation, packaging & freight  charges. GST or other rental tax or duty recovery charges which are shown separately on the invoice.  Equipment returned before 12:00pm (Midday) on any business day to the I.P.I. Office from which it was despatched will be deemed  to have been received on the previous calendar day. Equipment received after 12:00 pm on any business day will be recorded as received on that business day.  The Customer acknowledges that at all times the property in and ownership of the Equipment remains with I.P.I. and the Customer  will not remove any sticker or other identification from the Equipment giving notice of I.P.I. ownership of the Equipment.

2. DEBIT AUTHORITY

When the Customer has given a credit card or account debit authority, I.P.I. are hereby authorised to debit all fees and charges  payable under this agreement to the Customer's card or account, whether owing now or in the future.

3. OTHER CHARGES

The Customer shall be responsible for the payment of all costs, taxes, charges, imposts and expenses which arise or are incurred by virtue of this rental including:
a) Any Stamp Duty or like or similar duty applicable to rental transactions or rental business.
b) Any Goods or Services Tax or taxed in the manner or nature of a Goods and Services Tax.
c) Any Value Added Tax or a tax in the manner or nature of a Value Added Tax.
d) Any Sales Tax or tax of a similar manner or nature.
e) Any Rental Tax or tax on rentals.
f) Any customs duties and tariffs.
If any of the above taxed or duties apply in the country of rental then such applicable tax and/or duty will be paid by the Customer in  addition to the rental fee. In certain instances equipment may need to be sourced from outside of the country of rental. In those circumstances I.P.I. reserves the rights to adjust any rental fee if there is any adverse currency fluctuation between the country of rental and the country of source. The Customer indemnifies I.P.I. in respect of any claims for such costs, charges, imposts and expenses applied or incurred.

4. PAYMENT

Payment terms are strictly prepayment by credit card from date of invoice unless otherwise stated in the Rental Agreement.

5. OVERDUE PAYMENTS

If any amount is due and unpaid, the Customer agrees to pay interest on the overdue amount at the rate of 8% higher than the Reserve Bank of Australia's 90 day bill rate calculated daily until payment in full is received and the Equipment has been returned. The Customer is liable for all additional costs I.P.I. may incur, including legal, administrative and collection costs to recover unpaid amounts.

6. DELIVERY AND RETURN OF EQUIPMENT

Delivery of Equipment to the Customer shall take place at the premises as set forth in the Rental Agreement at the expense and the risk of the Customers. Return of the Equipment by the Customers is solely at the Customer's expense and risk, even if arranged by I.P.I., and shall be to the premises of I.P.I. from where the Equipment was dispatched. The Customer agrees to not ship the Equipment by post.

7. CUSTOMER'S COVENANTS

The Customer agrees with I.P.I. that:
a) the Equipment shall remain the property of I.P.I. and the Customer is only a bailee of the Equipment on the terms and conditions set out in this Rental Agreement;
b) the Customer shall not sell, charge, pledge or part with possession of the Equipment;
c) the Customer shall keep the Equipment at the delivery address specified in the Rental Agreement unless prior written permission has been obtained from I.P.I. to relocate the Equipment elsewhere;
d) the Customer shall use the Equipment in a careful and proper manner and not interfere or tamper with or let anyone else do so;
e) the Customer shall notify I.P.I. immediately if any judgement or order is levied against the Customer or property of the Customer or if a petition is presented for the liquidation of the Customer or an Administrator or Receiver is appointed or a
scheme of arrangement is proposed;
f) the Customer shall permit I.P.I. its agents or servants to enter the premises where Equipment is located at all reasonable times in order to inspect the Equipment or carry out repairs to the Equipment;
g) the Customer required and will utilise the Equipment for its business purposes;
h) the Customer shall keep the Equipment in a safe and proper location;
i) the Customer shall not alter or modify the Equipment without the prior written consent from I.P.I.
j) the Equipment shall at all times, whist in the care, custody or control of the Customer, be at the risk of the Customer.
k) the Customer accepts full responsibility for all equipment rented, including its use in accordance with any operating instructions provided or Government Regulations. Where the Customer is using communications frequencies are for use only on the dates, at the places and during the times expressed on this Rental Agreement. Use of the frequencies outside the dates, places and times indicated may result in fines from relevant licensing authority which are all payable by the Customer;
l) the Customer will in respect of the Equipment comply with all State, Territory and Federal Laws; and
m) the Equipment when returned to I.P.I. will not have any information contained in or associated with it which would if received by I.P.I. or any other person be in breach of State, Territory or Federal privacy laws.

8. WARRANTY

I.P.I. warrants that the Equipment rented is for merchantable quality. Nothing in these terms and conditions shall restrict, modify or exclude any conditions, warranties, rights or liabilities which may at any time be implied in this Rental Agreement by any State, Territory or Commonwealth law including the conditions or warranties implied by the Trade Practices Act 1947 as amended where to do so would render any provisions of this Rental Agreement void or unenforceable. Other than expressly provided for in this Rental Agreement the Customer acknowledges that it has not relied upon any statement or representation by I.P.I. in respect of the Equipment or the use of the Equipment by the Customer irrespective of whether or not the Customer's purpose for the use of the Equipment is known to I.P.I. the Customer acknowledges that under no circumstances is I.P.I. responsible or liable for any failure or unsuitability of the Equipment to perform the purpose required by the Customer.

9. MAINTENANCE

I.P.I. shall at its expense when it deems necessary provide maintenance and recalibration for Equipment and shall use its best endeavours to expeditiously repair or replace Equipment which may Customer. If the Equipment does not operate properly the Customer shall notify I.P.I. and request instructions before taking any action. The responsibility for advising I.P.I. of any need for recalibration rests with the Customer .I.P.I. may at its sole and absolute discretion and for such length of times as it deems expedient replace Equipment with another of such type or model as shall for the time being be available and Equipment so substituted shall be subject to these conditions.

10. EARLY CESSATION

Notwithstanding the rental period I.P.I. expressly reserves to itself the right to require early cessation which may be exercised on demand and at the absolute discretion of I.P.I. If I.P.I. so demands the Customer shall forthwith return Equipment to I.P.I. The applicable rental fee shall be adjusted and payable at the daily rate on the rental agreement for the period between the Rent Start Date and the date the equipment, complete with accessories and undamaged, is returned to I.P.I.

11. SAFEKEEPING

The Customer is responsible for the safekeeping of the Equipment and shall bear the risk of any loss. theft, damage or destruction of Equipment and if the Equipment shall require repair or recalibration or replacement as a result of the Customer's use of the Equipment the Customer shall bear the total cost of any such repair or recalibration or replacement including any freight charges there occasioned. Any repairs carried out by I.P.I. will be charged at our normal hourly rates. The Customer shall pay to I.P.I. the total new replacement cost as assessed by I.P.I. of the equipment which is lost, stolen, destroyed or damaged beyond repair. The Customer shall pay to I.P.I. a reasonable calibration and refurbishing fee in the event that ownership labels, calibration seals or anti-tamper notices affixed to Equipment are removed or defaced. Any item. article, accessory, document or thing supplied in conjunction with the Equipment(including operation manuals) not returned or are returned in damaged condition to I.P.I. upon cessation of the rental period shall be paid for by the Customer with a fee determined by I.P.I. being charged to the account of the Customer. In respect of damage or loss of Equipment (including all accessories), the rental period shall continue, and the Customer shall continue to pay rental until the Equipment has been repaired and returned (including all accessories) to I.P.I., or the replacement cost of new
Equipment of accessories has been paid by the Customer. The Customer indemnifies I.P.I. for all loss or damage suffered as a consequence of such damage or loss to, or failure to return, the Equipment and accessories.

12. CUSTOMER DEFAULT, TERMINATION & REPOSSESSION

12.1 If the Customer is in breach of the Rental Agreement then I.P.I. shall be entitled to treat all damages including any consequential damages incurred. Rental Agreement as breached and repudiated by the Customer and with or without notice accept the repudiation and terminate this Rental Agreement where upon the Customer shall immediately, at its own cost and expense, return the Equipment to I.P.I. and failing such return I.P.I. may repossess the Equipment and charge the Customer for all of its costs and expenses incurred in doing so. Any such termination shall not prejudice any right to recover any unpaid rental and the rights and obligations under clause12. Further I.P.I. shall be entitled to recover all damages including any consequential damages incurred.
12.2 Where the Rental Agreement is terminated under clause 12.1 the Customer consents to I.P.I. entering its premises, or any other premises where the Equipment in located, using such force as is necessary to repossess the Equipment. The Customer must provide I.P.I. with all reasonable assistance in order to locate and collect the Equipment. If the Equipment is not available for collection at the nominated time and or place the Customer will be liable for any additional costs I.P.I. incur. I.P.I. will not be liable for any damage to property caused by any person in collecting the Equipment.

13. INDEMNITY

The Customer agrees to indemnify I.P.I. and be responsible for all costs, charges and other liabilities incurred by I.P.I. as a result of the Customer's breach of any of these terms and conditions or as a result of I.P.I. enforcement of any of these terms and conditions or arising out of or in any way connected with the use of the Equipment.

14. SEPARATE ITEMS OF EQUIPMENT

Where more than one item of Equipment ifs supplied under this Rental Agreement, in interpreting this Rental Agreement, in interpreting this Rental Agreement, this singular shall be read as the plural where appropriate and the rental shall be apportioned to each item of Equipment as set forth in the Rental Agreement and the conditions herein set forth shall apply separately to each individual item of Equipment as though each item of Equipment was subject to separate Agreement.

15. LIABILITY

15.1 If the Equipment does not function as warranted or in the event of any breach by I.P.I. of the Rental Agreement then to the extent permitted by law I.P.I. (if any) for any loss, damage or injury whatsoever shall be restricted to the amount of the rental for the duration of the rental period in which the breach occurs and I.P.I. shall not be liable for any item of so called consequential loss. If this Rental Agreement constitutes a supply of goods or services to a consumer, as defined in the Trade Practices Act, as amended, or relevant State or Territory legislation, nothing in this Rental Agreement excludes, restricts or modifies any condition, warranty or other obligation in relation to this Rental Agreement and the goods or the services to be supplied, where to do so would be unlawful. In such case, I.P.I. sole liability for breach of any such condition, warranty or other obligation, including consequential loss, shall limited to:
a) replacement of goods; or
b) supply of equivalent goods; or
c) refund of the invoiced value of the goods; or
d) the repair of the goods; or
e) in relation to the services;
f) the supply of the services again; org) the refund of the original fee
15.2 If the Equipment is returned or repossessed, I.P.I., is not liable to the Customer for any consequential damage or other damage arising out of or by reason of any Customer data or information being contained in the Equipment.
15.3 I.P.I. will not be liable for any failure to deliver the Equipment or perform services under this Rental Agreement if the failure arises as a consequence of fire, embargo, strike, inability to secure materials or labour, or any other matters beyond the control of I.P.I. In addition, I.P.I. will not be liable for any delay or failure to deliver by any freight company or delivery service to deliver the Equipment to the Customer or any consequential loss or damage arising in respect of delivery of the Equipment.

16. INTELLECTUAL PROPERTY RIGHTS

All rights pertaining to industrial or intellectual property including but not limited to copyrights patents and trademarks are expressly reserved. The Customer shall not make any copies or authorise any copying of anything supplied such as software programs and operating manuals except with the prior written authority of I.P.I. and the owner/licensor and in accordance with the license terms as applicable. All copies must be delivered up with the Equipment.

17. DAMAGE WAIVER

17.1 I.P.I. has available and may offer at its discretion an optional rental equipment damage waiver facility for certain items of Equipment. If the Customer seeks the waiver and it is available, the rental rate will be increased by a fee. This waiver does not cover theft or loss of the Equipment or damage to the Equipment caused by the negligence of the Customer or to any damage caused to the Equipment other than in the course of its proper use and provided further:
a) the Customer notified I.P.I. of the damage within 24 HRS business days;
b) the Customer pays to I.P.I. an amount calculated by multiplying the daily rental rate by 30 together with the damage waiver fee within 14 days of date of invoice for this amount. or
c) the Customer pays to I.P.I. an amount equivalent to an undiscounted 1 month's rental fee and damage waiver fee within 14 days of date of invoice of this amount.
17.2 The waiver option does not apply and the Customer will continue in all respects to be fully responsible if the damage to Equipment was directly or indirectly the result of:
a) Misuse or use contrary to instructions; or
b) Malice or any deliberate act; or
c) Negligence or want of care; or
d) An act or omission by any person who is not the Customer or in the Customer's direct employ; or
e) Damage by any cause at or form a place which has not been approved as rental location.
17.3 The waiver option does not apply and the Customer will continue in all respects to be fully responsible if damage was directly or indirectly the result of:
a) The Customer is in breach of any item or condition of the Rental Agreement; or
b) The Customer fails to fully co-operate with the Police and I.P.I. in relation to any theft, loss or repairs to damaged
c) Equipment; or
d) The Equipment has a value, or its price, is in excess of $100.000
17.4 The waiver option does not apply and the Customer will continue in all respects to be fully responsible for the return of all accessories and manuals in good order and condition.
17.5 The waiver option does not apply to any item comprising the Equipment which is noted as being excluded on the accessory list provided with the Equipment. The cost for repair or replacement of these items of the Equipment will be invoiced to and payable by the Customer.

18. SUNDRY

These Terms and Conditions constitute the entire agreement between I.P.I. and Customer with respect to the Equipment and shall not  be amended except in writing by I.P.I. This rental Agreement shall be governed in all respects by the laws of Victoria and the Jurisdiction of Victoria shall apply to any dispute arising out of this Rental Agreement.