Cancellation policy
MightE Bambino & Cadet Powertrain kits Purchase option (Rental Agreement)
This Rental Agreement is entered between: MightE Limited, hereinafter referred to as the "Owner," And the purchaser, hereinafter referred to as the "Renter."
1. Description of Equipment
The Owner agrees to rent to the Renter, and the Renter agrees to rent from the Owner, the following equipment:
Equipment Name: MightE Powertrain Kits
Make/Model: Bambino & Cadet Powertrains, including all powertrain elements.
2. Rental Periods
The rental period shall commence on the date of the first monthly installment and terminate after the agreed rental period unless this agreement is extended under an agreed period.
3. Rental Fees
a. Deposit: The Renter shall pay the stated deposit when making the initial purchase and upon execution of this Agreement.
b. The £250 deposit will be fully refunded within 10 days after the rental period ends, provided the equipment is returned without excessive wear and tear beyond standard use, with all parts and functionalities intact.
4. Equipment Condition and Inspection
a. The Renter is responsible for returning the equipment in good condition, in its original shipping box, and with all the parts supplied, including the charger, battery, and motor powertrain.
b. A 6-monthly inspection of the equipment shall be carried out at MightE Head Office. The Renter shall arrange and cover the cost of shipping the equipment to and from MightE Head Office for these inspections.
c. If the Owner has concerns regarding the performance or condition of the equipment, it is the responsibility of the Renter to promptly ship the equipment back to MightE HQ for inspection and potential maintenance or repair.
5. Unlimited Mileage
This rental includes unlimited mileage. The Renter is not subject to any mileage restrictions.
6. Graphics Kit
The Renter agrees not to change or modify the motor cover graphics kit from its original supplied condition.
7. Maintenance and Repairs
The Renter is responsible for routine maintenance of the equipment during the rental period. Any repairs due to negligence or misuse are the Renter's responsibility and may result in additional charges.
8. Late Fees
Late payment of rental fees may incur a late fee this will be dependent on the lateness of the payment, you will be notified of any additional fees at the point that these are applied to your account..
9. Insurance
The Renter must secure comprehensive insurance coverage for the equipment, including but not limited to third-party liability, damage, and theft, for the duration of the rental period, unless otherwise agreed upon in writing.
10. Termination
Either party may terminate this Agreement upon written notice if the other party breaches any of the terms and conditions herein or fails to make payments as specified.
11. Liability
The Renter assumes all liability for accidents, injuries, or damage caused by or to the equipment during the rental period.
12. Return of Equipment
The Renter shall return the equipment to MightE HQ in the same condition as received, except for normal wear and tear. An inspection will be conducted upon return.
13. Remote Powertrain Disabling
a. MightE reserves the right to remotely disable the powertrain of the rented equipment in the event of non-payment of rental fees or any other breach of this Agreement.
b. The Renter acknowledges that remote disabling may result in the temporary loss of use of the equipment until outstanding payments are settled and any other breaches are rectified.
c. Remote powertrain disabling will be used as a last resort, and every reasonable effort will be made to resolve payment issues or breaches through communication and negotiation before taking such action.
14. Driver Assignment
a. The powertrain of the rented equipment is assigned to one designated driver, who is the Renter as identified in this Agreement.
b. The powertrain shall not be used by any other driver without prior written notice to the Owner.
c. Any additional drivers must be approved in writing by the Owner before operating the equipment, and their information shall be provided to the Owner.
15. Child Safety Responsibility
a. The Renter acknowledges and agrees that it is their sole responsibility to ensure the safety and well-being of the child who will be driving the rented equipment.
b. The Renter shall ensure that the child driver complies with all relevant safety regulations, wears appropriate safety gear, and is adequately supervised during the operation of the equipment.
c. The Renter shall provide proper training and supervision to the child driver to ensure safe operation and adherence to all safety guidelines.
16. Motor Seal Tags
a. The Renter agrees that motor seal tags on the equipment must not be tampered with, removed, or altered in any way during the rental period.
b. Tampering with motor seal tags may result in penalties or additional charges, and it could void any warranties or maintenance agreements.
17. Powertrain Changes
a. The Renter acknowledges that any change in the powertrain used with the equipment must be promptly notified to the Owner, MightE, and the relevant championship organizer, if applicable.
b. The Renter is responsible for ensuring that any such powertrain change complies with all safety and regulatory requirements and does not breach any championship rules or agreements.
c. Failure to notify the Owner, MightE, and the championship organizer of any powertrain change may result in penalties or disqualification from the championship, if applicable.
18. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of England, Wales, Scotland and Northern Ireland.
19. Fairness and Compliance
a. Both parties agree to uphold the principles of fairness and transparency throughout the term of this Agreement. The Owner asserts that all the terms and conditions laid out in this Agreement comply with the relevant UK laws and statutes, ensuring the protection of both parties' rights.
b. The Owner pledges that all representations of the equipment's state, performance, and specifications are true to the best of their knowledge, ensuring the Renter enters into this Agreement with clear and accurate information.
c. Any form of hidden fees, surcharges, or costs not explicitly outlined in this Agreement are expressly prohibited. The Owner agrees to disclose all necessary costs associated with the rental during or before the commencement of this Agreement.
20. Dispute Resolution
a. In the event of any disputes, controversies, or claims arising out of or in relation to this Agreement, including its existence, validity, or termination, both parties agree to seek to resolve the matter through amicable negotiations seeking a fair resolution.
b. If a dispute cannot be resolved through direct negotiations, both parties agree to attempt mediation through a neutral, agreed-upon mediator. Costs for such mediation shall be shared equally between the parties.
c. Should mediation fail, the parties agree to submit the dispute to binding arbitration under the rules of the [UK Arbitration Association] or another agreed-upon arbitration body. The decision of the arbitrator shall be final and binding on both parties.
d. Notwithstanding the above, nothing in this clause shall prevent either party from applying to the court for emergency injunctive relief if a situation warrants such action.
21. Additional Rental Terms for Yearly and Event-Based (Weekend) Rentals
a. Yearly Rentals: In addition to the standard monthly rental agreements, the Owner offers the option for yearly rentals. These rentals are subject to the same terms and conditions as outlined in this agreement, with the rental period being One Calendar Year from the date of commencement. Yearly rentals may be renewed with mutual agreement between the Owner and the Renter.
b. Event-Based (Weekend) Rentals: Event-based rentals are designed for Renters requiring the equipment for the duration of a specific event or race weekend. The Renter agrees to return the equipment to the Owner within 24 hours of the event's conclusion. Failure to return the equipment within this timeframe will result in additional late charges being applied to the Renter's account.
c. Late Returns and Additional Charges: For both monthly and event-based rentals, late returns beyond the agreed rental period will incur a late fee of £50 per day until the equipment is returned. These charges will be automatically applied to the Renter's account. Persistent failure to return rented equipment may result in legal action to recover the equipment and/or outstanding fees.
d. Condition of Returned Equipment: Equipment returned from monthly and event-based rentals must adhere to the condition terms as outlined in Section 4 of this agreement. Failure to comply may result in charges for repair or replacement costs, in addition to the late return fees if applicable.
e. Booking and Cancellation: Event-based (Weekend) rentals must be booked at least 14 days in advance of the event. Cancellations must be made no less than 7 days before the scheduled rental commencement to avoid a cancellation fee of 50% of the rental charge.
f. Compliance with UK Law: All terms related to monthly and event-based rentals are subject to change in accordance with updates to UK law and regulations. The Renter agrees to comply with all applicable laws and regulations in the use of the rented equipment.
22. Acknowledgement of Terms
By executing this Agreement, the Renter acknowledges that they have read, understood, and agreed to the terms and conditions contained herein. The Renter affirms that they have had ample opportunity to seek legal counsel before signing this Agreement, and they enter into this contract on their own free will.
