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The Cellphone Loan Agreement serves as a crucial legal instrument in the Philippine market, where mobile device financing has become increasingly common. This document is essential when a lender (typically a financial institution, telecommunications company, or retailer) provides a cellphone to a borrower under a financing arrangement. The agreement must comply with Philippine legislation, including the Civil Code, Consumer Act, and Truth in Lending Act, making it suitable for both individual and corporate borrowers. It comprehensively covers loan terms, payment obligations, device care requirements, and default remedies while incorporating mandatory consumer protection provisions and disclosure requirements specific to the Philippine jurisdiction.

1. Parties: Identifies and provides complete details of the Lender and Borrower, including their legal names, addresses, and contact information

2. Background: Explains the context of the agreement and the parties' intention to enter into a cellphone loan arrangement

3. Definitions: Defines key terms used throughout the agreement including 'Equipment', 'Loan Period', 'Payment Terms', etc.

4. Equipment Details: Specifies the make, model, IMEI number, condition, and value of the cellphone being loaned

5. Loan Terms: Details the loan amount, interest rate, payment schedule, and duration of the loan

6. Payment Terms: Specifies payment methods, due dates, and consequences of late or missed payments

7. Equipment Care and Use: Outlines the Borrower's responsibilities for maintaining and properly using the cellphone

8. Insurance and Risk: Addresses responsibility for loss, damage, or theft of the cellphone

9. Default and Remedies: Defines events of default and the Lender's remedies in such cases

10. Return of Equipment: Specifies conditions and process for returning the cellphone at the end of the loan period

11. Governing Law: Establishes that Philippine law governs the agreement

12. Signing Page: Space for signatures, dates, and witness details as required