Loan agreements are often made between artists and exhibitors in connection with exhibition projects. In general, there is certain freedom of form and content in respect of this type of contracts, but it is advisable to make the contract in writing; especially when the contracting parties are located in different countries.

As opposed to lease, a loan is always free of charge (without entitlement to remuneration). In a loan agreement, a lender (creditor) undertakes to provide a borrower (debtor) with a certain thing to use it temporarily (i.e. for a specified period of time) free of charge.

After the expiry of the agreed period (or as a result of an early termination of the loan agreement) the borrower (debtor) is obliged to return the thing to the lender (creditor). During the loan period, the borrower (debtor) is entitled to use the thing only in the manner stipulated in the agreement.  Unless expressly agreed upon, the borrower must not, for example, pass the borrowed thing to third parties and/or modify or alter the borrowed thing without the permission of the lender (creditor).

The borrower (debtor) is obliged to reimburse the lender (creditor) for any harm (damage) caused by the borrower (debtor) unless it is due to the usual wear and tear. The liability for damage may be extended in the agreement so as to relate to any possible damage beyond the scope of statutory liability (see also Liability Insurance).