Definition of Terms

EQM, LLC dba TecShares (“TecShares”) requires that all persons or entities visiting any TecShares Sites on the World Wide Web ("Sites") agree to the following terms and conditions. By accessing the Site, you confirm your agreement to and acceptance of these terms.

Assignment

When one party to an existing rental agreement (the "assignor") hands off the rental agreement obligations and benefits to another party (the "assignee").

Booking Transaction

Customer’s concluded arrangement with a supplier representing acceptance of the terms of the rental agreement.

Casualty Value

The market value of the Equipment at the end of the Term or when in relation to a Total Loss, the market value the Equipment would have had at the end of the Term but for the Total Loss.

Certificate of Acceptance

Required form evidencing customer inspection and acceptance of delivered equipment (rental agreement sec. 7.1). Form under Documents on site menu bar.

Customer

To reimburse Supplier for a loss suffered because of a third party's or one's own act or default.

Member

Owner of equipment who has entered into an agreement with TecShares to promote Member equipment for rent on the TecShares web site.

Neutral Venue

Venue, meaning the web site “TecShares” and Neutral meaning that the web site owner, “TecShares.” does not represent either party, the “Supplier” 
nor the “Customer”.

Promotional Agreement

An agreement between TecShares and an Equipment Supplier / Memeber.

Rental Agreement

Supplier agrees to rent to customer and customer agrees to rent from Supplier the equipment described in the TecShares booking transaction.

Remedies

Means to achieve justice in an Event of Default under the Rental Agreement.

Supplier

Owner of equipment who enters into an agreement with customer to supply customer with equipment through a mutually accepted rental agreement.

Term

Period of time in which the rental agreement is in force.

Member Booking

Member ability to book own inventory from site by selecting available calendar dates and completing checkout process. Member organization assigns internal user of site who logs in as customer. System recognizes customer as Member representative resulting in no charge for Member booking of own inventory.

Internal Site User

Member organization assigned user responsible for maintaining member inventory accuracy on site and booking member inventory for internal use.

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