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Equipment rental was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, [1] and the first waves of consolidation took place in the 1970s in North America ...
A tenant and landlord may sign a letter of intent prior to signing a lease agreement to stipulate rental rates and all regulations of the future tenancy. [ citation needed ] In the solicitation of US government grants, a letter of intent is highly encouraged, but it is not required or binding, and does not enter into the review of a subsequent ...
Conditions are major provision terms that go to the very root of a contract breach of which means there has been substantial failure to perform a basic element in the agreement. Breach of a condition will entitle the innocent party to terminate the contract. [3] A warranty [4] is less imperative than a condition, so the contract will survive a ...
The agreement may include provisions to prevent any strikes, lockouts, or other work stoppages for the length of the project. [3] PLAs typically require that employees hired for the project are referred through union hiring halls , that nonunion workers pay union dues for the length of the project, and that the contractor follow union rules on ...
National Plant Hire Guide was first published in 1961 and was quickly established as the leading directory for the UK Plant Hire Industry. Claims to be the most comprehensive guide to hire companies across the UK. The print version of the Guide is published twice a year and is currently on its 109rd edition (Jan 2017).
Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.