Common use of RISK OF LOSS OR DAMAGES Clause in Contracts

RISK OF LOSS OR DAMAGES. The LESSEE assumes all risk of loss or damage to the craft or of other property, whether real or personal, of any type or nature, from cause, negligence, or any other reason, and agrees to return the craft in the condition received from the LESSOR with the exception of normal wear and tear. This will include any loss to the LESSOR due to consequential damages, including, but not limited to, loss of use, loss of profits, damage to other property caused directly or indirectly from the subject craft, and any other loss. Also, the LESSOR has full autonomy for decision of all repairs, parts, services or provider due to any and all damages caused for the LESSEE. After significant damage to the craft, the LESSOR has the ability to cancel the rental contract, without having to make any refund or prorate for the remaining days in the agreement, if LESSOR deems that the boat may suffer major damage if it continues to be used without fixing. This agreement is protected by the FLORIDA STATUTE Section 812.155 c) (3) failure to pay of the cost of repairing or replacing the property or equipment damaged, which provides: That if the value of the personal property or equipment is valued at $300 or more, then the person commits a felony in the third degree punishable by up to 5 years in Florida State Prison and a $5000 fine. After the LESSEE certifies that he/she has examined the craft and finds it acceptable and suitable for the purpose for which rental it is rented, the LESSEE agrees to return this craft on or before the expiration of the rental agreement in the condition it is now. If the craft is damaged or lost, the LESSOR will require the LESSEE to pay for the repair of the equipment or part to a state of good working order and/or replace the craft with a like craft in good repair. THE TERMS AND CONDITIONS OF THIS CONTRACT CONTAIN THE ENTIRE UNDERSTANDING AND AGREEMENT BETWEEN THE LESSEE AND LESSOR AND THAT NO OTHER REPRESENTATION OR INDUCEMENT, ORAL OR WRITTEN, HAS BEEN MADE OR EMAILED WHICH IS NOT INCLUDED IN THIS RENTAL AGREEMENT. (Initial here) XXXXXX agrees not to use, or permit use:

RISK OF LOSS OR DAMAGES. The LESSEE assumes all risk of loss or damage to the craft or of other property, whether real or personal, of any type or nature, from cause, negligence, or any other reason, and agrees to return the craft in the condition received from the LESSOR with the exception of normal wear and tear. This will include any loss to the LESSOR due to consequential damages, including, but not limited to, loss of use, loss of profits, damage to other property caused directly or indirectly from the subject craft, and any other loss. Also, the LESSOR has full autonomy for decision of all repairs, parts, services or provider due to any and all damages caused for the LESSEE. After significant damage to the craft, the LESSOR has the ability to cancel the rental contract, without having to make any refund or prorate for the remaining days in the agreement, if LESSOR deems that the boat may suffer major damage if it continues to be used without fixing. This agreement is protected by the FLORIDA STATUTE Section 812.155 c) (3) failure to pay of the cost of repairing or replacing the property or equipment damaged, which provides: That if the value of the personal property or equipment is valued at $300 or more, then the person commits a felony in the third degree punishable by up to 5 years in Florida State Prison and a $5000 fine. After the LESSEE certifies that he/she has examined the craft and finds it acceptable and suitable for the purpose for which rental it is rented, the LESSEE agrees to return this craft on or before the expiration of the rental agreement in the condition it is now. If the craft is damaged or lost, the LESSOR will require the LESSEE to pay for the repair of the equipment or part to a state of good working order and/or replace the craft with a like craft in good repair. THE TERMS AND CONDITIONS OF THIS CONTRACT CONTAIN THE ENTIRE UNDERSTANDING AND AGREEMENT BETWEEN THE LESSEE AND LESSOR AND THAT NO OTHER REPRESENTATION OR INDUCEMENT, ORAL OR WRITTEN, HAS BEEN MADE OR EMAILED WHICH IS NOT INCLUDED IN THIS RENTAL AGREEMENT. _______________(Initial here) XXXXXX agrees not to use, or permit use:

RISK OF LOSS OR DAMAGES. The LESSEE assumes all risk of loss or damage to the craft or of other property, whether real or personal, of any type or nature, from cause, negligence, or any other reason, and agrees to return the craft in the condition received from the LESSOR with the exception of normal wear and tear. This will include any loss to the LESSOR due to consequential damages, including, but not limited to, loss of use, loss of profits, damage to other property caused directly or indirectly from the subject craft, and any other loss. Also, the LESSOR has full autonomy for decision of all repairs, parts, services or provider due to any and all damages caused for the LESSEE. After significant damage to the craft, the LESSOR has the ability to cancel the rental contract, without having to make any refund or prorate for the remaining days in the agreement, if LESSOR deems that the boat may suffer major damage if it continues to be used without fixing. This agreement is protected by the FLORIDA STATUTE Section 812.155 c) (3) failure to pay of the cost of repairing or replacing the property or equipment damaged, which provides: That if the value of the personal property or equipment is valued at $300 or more, then the person commits a felony in the third degree punishable by up to 5 years in Florida State Prison and a $5000 fine. After the LESSEE certifies that he/she has examined the craft and finds it acceptable and suitable for the purpose for which rental it is rented, the LESSEE agrees to return this craft on or before the expiration of the rental agreement in the condition it is now. If the craft is damaged or lost, the LESSOR will require the LESSEE to pay for the repair of the equipment or part to a state of good working order and/or replace the craft with a like craft in good repair. THE TERMS AND CONDITIONS OF THIS CONTRACT CONTAIN THE ENTIRE UNDERSTANDING AND AGREEMENT BETWEEN THE LESSEE AND LESSOR AND THAT NO OTHER REPRESENTATION OR INDUCEMENT, ORAL OR WRITTEN, HAS BEEN MADE OR EMAILED WHICH IS NOT INCLUDED IN THIS RENTAL AGREEMENT. _ ______________(Initial here) XXXXXX agrees not to use, or permit use: