Terms and Conditions

1. INTRODUCTION:

1.1. These Leasing Terms and Conditions (hereinafter referred to as Leasing Terms) hereby prescribed on the Platform (as defined further in these Leasing Terms) is owned and operated by M/s. Omshreem Technologies Pvt. Ltd having its registered offices at Plot 150, Enkay Global Udyog Vihar Phase I, Sector 20, Gurugram, Haryana India, hereinafter referred to as Company (as defined further in these Leasing Terms) which owns and controls the Platform as represented by its authorized signatory

1.2. This Platform shall prescribe these Leasing Terms at the time of entering into the leasing agreement(s) between the Product supplier(s) (as defined further in these Leasing Terms) and the Subscriber(s) (as defined further in these Leasing Terms).

1.3. This Platform shall enable the Product Supplier(s) to advertise their solutions(s) (as defined further in these Leasing Terms) being offered by Product supplier(s) for the purpose of renting. This Platform will enable the Product Supplier(s) to communicate with the Subscriber(s) (as defined further in these Leasing Terms) in need of such solution(s) being offered on rent.

1.4. These Leasing Terms will further allow the Product Supplier(s) and the Subscriber(s) to enter into an agreement by virtue of giving their acceptance to these Leasing Terms on the Platform and enable the Subscriber(s) and the Product Supplier(s) to complete their respective obligations (as further defined in these Leasing Terms) under these Leasing Terms.

1.5. The Company shall reserve its rights to alter or make any changes it shall feel necessary at any time to the Leasing terms which shall be made electronically intimated by the Company by making necessary announcements on the Platform.

2. DEFINITION:

2.1. Assent to the Leasing Terms refers to when either the Product Supplier(s) or the Subscriber(s) shall by clicking on the box adjacent to the Leasing Terms shall mark their acceptance to all the terms and conditions laid down under the Leasing Terms.

2.2. Company shall at all times refer to M/s. Omshreem Technologies Pvt. Ltd having its registered offices at Plot 150, Enkay Global Udyog Vihar Phase I, Sector 20, Gurugram, Haryana India which owns and controls "Rentit4me" as represented by its authorized signatory which expression shall unless repugnant to the context or meaning thereof mean and include its agents, representatives successors in interest and title, permitted assigns or anyone claiming through or under it.

2.3. Consideration refers to the specified monthly payment to be made by the Subscriber(s) using the Company's Platform in favour of the Product Supplier(s) towards the solution(s) leased by it as specified in the Payment Schedule.

2.4. Delivery Date refers to the specified date and time upon which the Product Supplier(s) acting on the instruction of the Company shall deliver the leased solution(s) to the specified delivery location provided by the Subscriber(s).

2.5. Interest Free Refundable Security Deposit refers to the interest free refundable security deposit paid by the Subscriber(s) to the Company using its platform as a security amount against the leased solution(s), which shall be refunded back to the Subscriber(s) at the time of expiry of the leasing period, or at the time of termination of the leasing period; which may be subject to deductions on account of any outstanding dues or any damage or any loss that may have been caused to the either and or both the Product Supplier(s) and the Company due to the negligence of the Subscriber(s) in their use of the solution(s) during the lease period.

2.6. Leasing Period refers to the mutually accepted period for which the Product Supplier(s) agrees to lease their solution(s) to the Subscriber(s), and the Subscriber(s) agrees to take on lease the solution(s) provided by the Product Supplier(s).

2.7. Obligations refers to any and all duties and responsibilities incorporated in these Leasing Terms which at all times shall be borne by the Product Supplier(s) and Subscriber(s) while granting their assent to these Leasing Terms.

2.8. Parties refers to all parties to these Leasing Terms namely, the Company, the Product Supplier(s) and the Subscriber(s). In addition, each of them can be individually addressed as Party.

2.9. Platform shall at all times refer to the website namely "Rentit4me" which is owned and operated by the Company.

2.10. Product Supplier(s) refers to any individual(s) or body incorporate(s) as listed at the time of registration on the user application, further the term Product Supplier(s) which expression shall unless repugnant to the context or meaning thereof means and includes its agents, representatives successors in interest and title, permitted assigns or anyone claiming through or under it, and shall refer to such party that gives their assent to these Leasing Terms for the purpose of leasing their solution(s) to the ultimate Subscriber(s).

2.11. Solution(s) refers to any and all products including all its components thereof being leased by the Product Suppliers(s) on the Platform for the purpose of leasing as specified in Schedule I.

2.12. Subscriber(s) refers to any individual(s) or body incorporate(s) as listed at the time of registration on the user application, further the term Subscriber(s) which expression shall unless repugnant to the context or meaning thereof means and includes its agents, representatives successors in interest and title, permitted assigns or anyone claiming through or under it, and shall refer to such party that gives their assent to entering into these Leasing Terms for the purpose of taking on lease solution(s) provided by the Product Supplier(s).

3. SCOPE OF RESPONSIBILITY:

3.1. The Company shall subject to the completion of formalities and upon duly receiving the assent of both the Product Supplier(s) and the Subscriber(s) be responsible for the following:

3.1.1. The Company shall only allow the use of its platform for the purpose of facilitating the advertisement of solution(s) provided by the Product Supplier(s), the Company shall further allow the Product Supplier(s) to communicate with interested Subscriber(s) for the purpose of facilitating the lease.

3.1.2. The Company shall further allow the Subscriber(s) and the Product Supplier(s) upon successfully giving their assent to these Leasing Terms to use the platform to make and receive payments of the agreed upon consideration.

3.1.3. The Company on receiving a request from the Subscriber(s) shall inform the Product Supplier of such request to facilitate any and all repair/ replacement of any non-functional component(s) by the Product Supplier(s) within a period of 5 working days.

3.1.4. The Company on receiving a written request from the Subscriber(s) to facilitate a relocation of the solution(s) shall within a period of 2 working days inform the Product Supplier(s) of such request. However, the Company shall not be held responsible for any delay in the delivery of the solution(s) by the Product Supplier(s).

3.1.5. The Company is not responsible for renting or offering on rent any solution(s) as it does not own any solution(s) of its own.

3.1.6. The Company undertakes to be responsible for returning the Interest Free Refundable Security Deposit to the Subscriber(s) within the prescribed period of 15 working days from the termination of the Leasing Period; subject to any deduction which may be necessary at the time of either expiry or termination of the Leasing period; which may be subject to deductions on account of any outstanding dues or any damage or any loss that may have been caused to the either and or both the Product Supplier(s) and the Company due to the negligence of the Subscriber(s) in their use of the solution(s) during the lease period. However, the Company shall not be held liable for any delay in the returning the interest free refundable security deposit to the Subscriber(s) within the prescribed period.

3.1.7. The Company further at no point in time shall be held responsible for any and all breach in obligations by either and or both the Product Supplier(s) and the Subscriber(s).

Note: Due to the extensive length of the Terms and Conditions document, only the first three sections are displayed here. The complete document includes 24 sections covering all aspects of the leasing agreement including Delivery, Expiry, Inspection, Amendments, Waiver, Notices, Force Majeure, Intellectual Property Rights, Confidentiality, Dispute Resolution, Binding Nature, No Warranties, Limitation of Liability, Indemnification, Severability, Variation of Terms, and Entire Agreement.

For the complete Terms and Conditions document, please contact us at sales@rentit4me.com or refer to the official Rentit4me website.