This is a fairly common arrangement at Universities who are members of Division I of the NCAA. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kansas Agreement to Loan Automobile to University Athletic Department for Promotional Purposes is a legal document that outlines the terms and conditions of lending an automobile to a university's athletic department for promotional activities. This agreement allows the department to use the automobile as a promotional tool to enhance the university's brand and marketing efforts. The main purpose of this agreement is to clearly define the responsibilities and obligations of both parties involved. It ensures that both the university and the lender are on the same page regarding the use, maintenance, insurance, and liability of the loaned automobile. Some key elements covered in this agreement include: 1. Parties Involved: Clearly identifying the university athletic department and the lender, including their legal names and addresses. 2. Loan Duration: Specifying the start and end dates of the loan period, including any renewal or termination clauses. 3. Automobile Description: Describing the loaned vehicle in detail, including its make, model, year, vehicle identification number (VIN), and any unique features. 4. Purpose of Use: Clearly outlining the permitted use of the automobile solely for promotional purposes related to the university athletic department. This may include transportation to and from events, display at promotional events, or other marketing activities. 5. Maintenance and Repairs: Establishing the responsibilities of both parties concerning the regular maintenance, inspections, and repairs of the loaned automobile. Details about any service records or required maintenance, as well as who will bear the expenses, should be included. 6. Insurance: Addressing the insurance obligations of both parties, including the requirement for comprehensive and liability insurance coverage for the loaned automobile. It may specify the minimum coverage limits, additional insured parties, and proof of insurance requirements. 7. Indemnification and Liability: Allocating responsibilities for any damages, losses, or liabilities that may arise during the loan period. This section may include waivers or limitation of liability clauses to protect both parties from legal claims. 8. Return Conditions: Outlining the conditions under which the loaned automobile should be returned, including its state of cleanliness, mileage limits, and any additional equipment or accessories provided with the vehicle. 9. Governing Law: Specifying the jurisdiction and the laws that govern the interpretation and enforcement of the agreement. 10. Signatures: Including spaces for authorized representatives of both parties to sign and date the agreement, acknowledging their acceptance and understanding of the terms and conditions outlined. Different types of Kansas Agreement to Loan Automobile to University Athletic Department for Promotional Purposes may exist depending on factors such as the duration of the loan, specific conditions for use, or the type of automobile being loaned. Additional provisions and clauses may vary to cater to the unique requirements and preferences of the parties involved.
