A hire agreement is a contract between a hirer and a supplier where the hirer agrees to pay for the use of equipment, goods, or services for a specified period. This type of agreement is commonly used for short-term rentals of equipment or vehicles, such as power tools, cars, or heavy machinery. The agreement sets out the terms and conditions of the rental, including the rental period, the rental fee, and any obligations or responsibilities of both the hirer and the supplier. A hire agreement may also specify the condition of the equipment at the start and end of the rental period, as well as any penalties for damage or late return.
