EQUIPMENT RENTAL AGREEMENT
ANCILLARY EQUIPMENT RENTAL AGREEMENT between MOLLY’S LOUNGE, LLC (“Lessor”) and [RENTER’S NAME] (“Renter”), dated as of [Date].
WHEREAS, Renter desires to rent from Lessor, and Lessor desires to rent to Renter, the Equipment (as hereinafter defined).
NOW, THEREFORE, in consideration of the mutual covenants and Rental Agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Master Rental Agreement agree as follows:
Rent. Lessor hereby agrees to rent to Renter, and Renter hereby agrees to rent from Lessor, the Equipment. The rent of any ancillary equipment is governed by the terms and conditions of this Rental Agreement.
Fee. Rental Fee is $5.00 per item that is not of high value. Rental fee is $10.00 per item that is of high value. Rental fee is payable in advance of use of the Equipment. Lessor has title to the Equipment at all times. Payment must be made in immediately available USD funds. Renter acquires no ownership, title, property, right, equity, or interest in the Equipment other than its renthold interest solely as Renter subject to all the terms and conditions of this Rental Agreement.
Term. Rental and use of the Equipment is only for one day, during the time that Renter is at Moly’s Lounge and must be returned before exiting Molly’s Lounge.
Security. Renter agrees to leave their government-issued ID with Molly’s Lounge staff during the rental term. Renter agrees that their ID will remain with Molly’s Lounge staff until the Equipment is returned in its original condition.
LESSOR MAKES NO WARRANTY WHATSOEVER, INCLUDING WITHOUT LIMITATION ANY (a) WARRANTY OF MERCHANTABILITY; (b) WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; OR (c) WARRANTY AGAINST INTERFERENCE; OR (d) WARRANTY AGAINST INFRINGEMENT OF ANY PATENT, COPYRIGHT, TRADEMARK, TRADE SECRET, OR OTHER PROPRIETARY RIGHTS OF A THIRD PARTY; WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR OTHERWISE.
Quiet Enjoyment. Lessor will not disturb Renter's quiet enjoyment of the Equipment during the term hereof.
Authority of Renter. Renter represents and warrants for the benefit of Lessor that the statements contained in this Section 9 are true and correct as of the date hereof.
Renter is 21 years of age or older. Renter has full power and authority to enter into this Master Rental Agreement and each Supplement, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Renter of this Rental Agreement, the performance by Renter of its obligations hereunder and thereunder and the consummation by Renter of the transactions contemplated hereby. This Rental Agreement has been duly executed and delivered by Renter, and constitutes a legal, valid, and binding obligation of Renter enforceable against Renter in accordance with its terms
On Site. Renter will not remove any rented equipment under this Rental Agreement from Molly’s Lounge.
Operation. Renter shall operate each Ancillary Equipment exclusively for cannabis consumption. Renter shall not operate or permit the operation of any Ancillary Equipment in an unsafe or improper manner.
Inspection. Lessor's employees and agents shall have the right to reclaim the rented equipment from Renter if Renter misuses the equipment.
Obligation to Return Equipment. Upon request by Molly’s Lounge staff or upon being done with the rented equipment, Renter shall return the equipment to Molly’s Lounge staff in proper working order.
Condition of Equipment on Return. Renter shall cause any Ancillary equipment returned under this Rental Agreement to be in:
as good condition as when delivered to Renter and complete with all Parts, ordinary wear and tear excepted;
compliance with applicable Law.
Damaged or Broken Equipment. If Renter returns any rented equipment broken or damaged in Lessor’s discretion, Renter shall pay the full purchase price of the rented equipment.
Waiver. I, the undersigned participant, hereby waive all claims against Parkway Dispensary, LLC and its Affiliates (herein referred to as “The Facility”) arising out of my participation in the activities offered by the Facility of the use and consumption of any cannabis products. I understand that I am solely responsible for my actions and acknowledge that I am responsible for any damages suffered by myself or caused to third parties, including but not limited to personal injury and property damage. This waiver extends to any and all claims of every kind or nature, foreseen or unforeseen, known or unknown.
I understand and acknowledge that I am voluntarily engaging in cannabis consumption and related activities at the Facility. I acknowledge that the consumption of cannabis carries inherent risks, and I voluntarily assume all such risks, including but not limited to the risks associated with intoxication, impairment, and potential health effects.
In consideration for being permitted to enter the Facility and engage in cannabis-related activities, I hereby agree to release, indemnify, and hold harmless Parkway Dispensary, LLC and its Affiliates, its owners, operators, employees, agents, and affiliates (hereinafter collectively referred to as “the Released Parties”), from any and all liability, claims, demands, actions, or causes of action whatsoever, whether in law or equity, arising out of or related to any loss, damage, injury, illness, or other harm that I or others may sustain as a result of my participation in activities at the Facility.
I understand that the consumption of cannabis impairs cognitive and motor functions, and I agree not to operate any vehicle or machinery under the influence of cannabis while on the premises of the Facility. I further agree to consume cannabis responsibly and in accordance with all applicable laws and regulations.
IN WITNESS WHEREOF, the parties to this Rental Agreement have caused this Rental Agreement to be executed as of the date first written above by their duly authorized respective officers.
Molly’s Lounge, LLC