A reagent rental contract is a legal document drafted when a clinical laboratory enters into a contract with a chemical supplier so that an analyzer is placed in the laboratory in order to run tests. The analyzer is placed in exchange of the purchase of chemical compound known as reagent over a certain period of time.
Sample Reagent rental contract
Reagent Rental Contract Number: RE 12
Effective Date of contact: 14th of October 2011
This reagent rental contract has been drafted between Sun Clinical Laboratory referred to as the buyer located at 21 Hilly Billy Road, North Carolina Los Angeles 5678 and Bill Murray referred to as the participant located at 34 Aspen High Street, North Carolina Los Angeles 5654.
The terms and conditions agreed upon by both the parties are as follows:
- The buyer agrees to buy chemicals from the participant on a reagent rental basis. The rental amount that the buyer has to pay every month is $1000.
- The contract is valid for two years from the effective date of contract. After the validity date is over, the renewal of the contract is at the discretion of both the parties.
- The rental amount does not include the instruments or the equipments other than the analyzer that the buyer will be using.
- The buyer assures that the analyzer will be maintained in good condition. The buyer will be held responsible for any damage caused to the analyzer.
In agreement to the above:
Signature of the buyer: Signature of the participant:
Henry Lee Bill Murray
(On behalf of Sun Clinical Laboratory)