- The preamble on the first page constitutes an integral part of this Agreement
- The Second Party rents from the First Party a motorized vehicle (car) of the type and under the conditions set forth in this agreement and for the daily rental rates agreed upon. The second Party undertakes upon the termination of the rental duration set forth in the preamble, to return the vehicle to the company’s head office located in Mansourieh.
- The Second Party undertakes to pay the Sum of _______as a security deposit until the expiration of the present agreement.
- This agreement is valid for execution between both parties and is governed by the Lebanese laws and regulations and is in force strictly in Lebanon the same applies to the annexed Insurance policy.
- The insurance includes all the type of risks that the vehicle or persons, whether passengers or third parties might be subjected to except for war or Hold-up. In the event of a car accident, an amount ranging from 600S up until 6000$ will be deducted from the amount of security deposit as agreed upon in the preamble
In the event of vehicle theft or total loss the second party undertakes to Pay an amount equal to 25% of the vehicle price. - In the event where the Second Party retains the vehicle in his possession following the term, the rent shall be extended under the same rates until the second party returns the vehicle to first party. The Second Party will be held liable for any damages or loss resulting from this extension.
- The Second Party Undertakes, at the delivery of the vehicle, to sign a Minutes of receipt and delivery stating the delivery date and the vehicle Conditions.
- In the event where the Second Party fails to pay the due rental fees upon The delivery of the vehicle, the date set forth in the minutes of delivery, as Mentioned in clause “seven. will be relied upon to calculate the due rental Fees”.
- In the event where the Second Party refrains, for any reason whatsoever, To sign the minutes of receipt and delivery mentioned in clause “seven”, the elate specified in the statement of account issued by the First Party, will be considered as the approved date for the car delivery. The Second Party Acknowledges the validity and veracity of the dates mentioned in the First Party Statement and waives his right in any dispute, litigation or contentions of any kind related to validity to the specified dates in the above-mentioned statement.
- In any case, both the current agreement and the statement of account Regarding the due rental fees issued by the First Party is considered as writ of execution enforceable directly against the second party.
- It is strictly prohibited to drive or transport the rented vehicle outside the Lebanese territories, to lend or relend the car to any person other than the Second Party. to use the vehicle for the purpose of transporting merchandise, animals or people in exchange for money under the penalty of retrieving the vehicle and terminating the agreement without the need for prior notice nor the need to resort to tribunals, and the second party will pay an amount of 5,000 USD (Five thousand American dollar) in due damages.
- Any dispute arising from this present contract is considered within the Jurisdiction of the Beirut tribunals and any foreclosure or execution will be Within the jurisdiction of the Beirut department of executions.
- Any person with the name listed as “assistant driver” and or “agent or Sponsor” will be considered as initial leaser of the vehicle and will be jointly and severalty responsible with the Second Party in all the due obligations to the First Party.