I, (“Cyclist”), am a current Fanshawe Student Union Student, am over the age of 18, and have the legal capacity to enter into this agreement. I am aware that the Fanshawe Student Union has created a bicycle loan program called the Fanshawe Student Union (“Bikes Program”). By my signature I hereby acknowledge and agree that as a condition of my participation in the “Bikes Program” I must execute the within Release and Waiver of Liability, Assumption of Risk, and Indemnity Agreement, the terms and conditions of which are as follows:
I HAVE READ THIS AGREEMENT AND FULLY UNDERSTAND ITS TERMS. I UNDERSTAND THAT I HAVE GIVEN UP SUBSTANTIAL RIGHTS BY SIGNING IT, AND HAVE SIGNED IT FREELY AND WITHOUT ANY INDUCEMENT OR ASSURANCE OF ANY NATURE. I INTEND THIS DOCUMENT TO BE A COMPLETE AND UNCONDITIONAL RELEASE OF ALL LIABILITY OF THE FANSHAWE STUDENT UNION TO THE GREATEST EXTENT ALLOWED BY LAW AND AGREE THAT IF ANY PORTION OF THIS AGREEMENT IS HELD TO BE INVALID THE BALANCE, NOT WITH STANDING, SHALL CONTINUE IN FULL FORCE AND EFFECT.
I HAVE READ THIS RELEASE AND WAIVER (input your initials)
In order to be allowed to participate in the Fanshawe Student Union Bikes Program, (hereinafter referred to as “Bikes Program”), I, (“Cyclist”) agree to be bound by the following Terms and Conditions of Use:
BY MY SIGNATURE, I HEREBY ACKNOWLEDGE THAT I HAVE READ AND UNDERSTOOD THE ABOVE TERMS AND CONDITIONS OF USE AND AGREE TO ABIDE AND BE BOUND BY THEM.
Bike - $275.00
Helmets - $25.00
Locks / Keys - $40.00
If any of the following are returned with damage to them, they will be assessed individually and you are responsible for the following costs:
Bike - minimum - $25.00 up to full replacement if the bike is not salvageable - $275.00
Helmets - minimum - $10.00 up to full replacement if the helmet is not salvageable - $25.00
Locks / Keys - if a key or lock is lost or damaged the full replacement cost will be charged - $40.00
I, understand that the following costs will be my responsibility if any of the property borrowed to me is damaged or stolen.