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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What is a wet hire agreement?
What is a wet hire agreement?
When should you use a wet hire agreement?
When should you use a wet hire agreement?
What should be in a wet hire agreement?
What should be in a wet hire agreement?
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Frequently asked questions
How does this agreement protect the contractor’s interests?
keyboard_arrow_upWhat are the main obligations for the hirer?
keyboard_arrow_upCan the hirer operate the equipment themselves?
keyboard_arrow_upWhat happens if there is a delay or cancellation?
keyboard_arrow_upAre there insurance and indemnity requirements?
keyboard_arrow_upWhat are the payment terms and risks?
keyboard_arrow_upWhat should be checked before signing?
keyboard_arrow_upView 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.
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