Either way, companies need to acquire equipment for their operations, and there are three ways to do that. First, the company can purchase the necessary equipment in cash. Secondly, the company can buy the necessary equipment by borrowing from the bank. 16. EXEMPTION. The Tenant agrees to release and hold harmless the Owner, its subsidiaries, related companies and senior officers, representatives, partners and employees from any loss, liability, claim, claim or legal proceeding resulting from or resulting from the use of the Equipment, the functionality of the Equipment or a breach of this Agreement. An equipment rental agreement is a kind of contractual document. .