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  • Make rental contracts work for you!

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    A signed rental contract creates an agreement between a rental operator and a customer that identifies the parties, the equipment rented and the terms of the rental. It provides the legal basis for the rental relationship. The rental contract serves a number of …

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  • Risk Management: The Importance Of Signed Contracts

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    The American Rental Association (ARA) and ARA Insurance are updating the rental contracts guide Business Management: Contracts and Legal Guidelines. Currently in the final production stages, the guide is scheduled for release in early 2012…..

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  • Risk Management: Limiting claims

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    A woman rented a tiller and while the contract was printing, she went out to help the rental store employee load it into her truck. Climbing into the bed of the truck, intending to secure the tiller, the customer took a step backwards, falling off the tailgate, landing on her knee, breaking her tibia. The injury ultimately required 10 surgeries….

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  • What Health Care Reform Means to Your Business Rental

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    In July, the U.S. Supreme Court ruled on the major constitutional issue posed by the Patient Protection and Affordable Care Act (“ACA”), finding that the statute’s “individual mandate” requiring most U.S. citizens to purchase health insurance is constitutional. The Supreme Court upheld the new law by deeming its “penalty” to be, effectively, a “tax.”

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  • Damage Waivers: Lessons from the Big Leagues

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    Whether to offer a damage waiver remains one of the most hotly debated issues in the equipment rental industry. Comments range from: “It has no value to the customer and amounts to a hidden rent increase,” to: “It provides significant value and legitimately offsets the rental company’s long-term costs associated with repairing and replacing damaged equipment; you’re leaving money on the table if you don’t include a damage waiver.”

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  • Creating Emergency Evacuation Plans

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    Whose responsibility is it to create emergency evacuation plans for tents? In the past, this responsibility has typically fallen on the event planner or equipment lessee (customer). Fortunately for rental operators, these parties continue to shoulder much of the responsibility, but that is likely to change, at least to a degree. This appears to be yet another area where rental operators may soon find themselves being held liable for compliance with safety requirements over which they’ve historically had little or no control.

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