Wet Hire Agreement
A Wet Hire Agreement is a document used to outline the terms of an agreement for the rent of equipment and hire of services, typically for construction jobs.
Last updated January 14, 2025
Suitable for Australia
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View Sample Wet Hire Agreement
The Legal Risk Score of a Wet Hire Agreement Template is Low
Our legal team have marked this document as low risk considering:
- The document allows the Contractor to retain ownership and control over the equipment, limiting the Hirer's ability to use, modify, or relocate the equipment without express permission, which could restrict operational flexibility.
- Payment obligations are strictly enforced with penalties for delays, and the Contractor has significant rights in the event of default, potentially placing financial strain on the Hirer if cash flow issues arise.
- The Equipment must only be operated by the Contractor, which could lead to dependency on the Contractor's availability and potentially impact the project timeline if the Contractor faces delays or staffing issues.
Articles about Wet Hire Agreement
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