A bailee is a person who receives possession of a property or goods through a contract of bailment. Unlike a contract of sale, the bailee has to return the goods or property to the bailor, under a contract of bailment. A bailee is responsible for the safekeeping and return of the property to the bailor or otherwise disposing it off according to the contract of bailment.
A bailor is a person who transfers possession of property or goods to the custody of another (bailee), usually under a contract of bailment. A bailment is an act of transferring/placing property or goods in the custody and control of another. A bailment is created by the voluntary taking into custody or possession of goods or property which belongs to another.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Maine Waiver and Release for Furniture and Related Personal Property Stored by Bailee A Maine Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that outlines the terms and conditions under which a bailee (the storage facility) can store furniture and other personal property on behalf of the sailor (the owner). Keywords: Maine, Waiver and Release, Furniture, Personal Property, Bailee, Storage This document serves as a contractual agreement between the bailee and the sailor, providing protection for both parties involved. It clarifies the responsibilities, liabilities, and rights of each party and ensures their interests are protected. Maine's law recognizes that many individuals and businesses require storage facilities to safeguard their furniture and related personal property. To meet varying needs, there may be different types of Maine Waiver and Release for Furniture and Related Personal Property Stored by Bailee, including but not limited to: 1. Residential Furniture Storage Waiver and Release: This type of waiver and release is specifically designed for individuals who want to store their furniture and personal property during a relocation, renovation, or any other temporary situation. 2. Commercial Furniture Storage Waiver and Release: This variant caters to businesses or organizations that need storage space for their furniture and related assets. It could include office furniture, equipment, inventory, or any other items relevant to the business. 3. Short-term Storage Waiver and Release: This type of waiver and release is suitable for those seeking temporary furniture storage for a brief period, such as during a home renovation project or while traveling. 4. Long-term Storage Waiver and Release: Geared toward individuals or businesses requiring extended furniture storage, this waiver and release form is applicable for storage periods lasting months or even years. The Maine Waiver and Release for Furniture and Related Personal Property Stored by Bailee typically includes the following key provisions: a. Identification of the parties involved: the bailee (storage facility) and the sailor (owner of the property). b. Description of the property to be stored, including furniture specifics, quantities, and any relevant identification marks. c. Storage terms, such as the start and end dates, agreed rental fees, terms of payment, and any additional charges (e.g., late fees, insurance fees, or retrieval fees). d. Limitations of liability: outlining the extent of the bailee's responsibility for protecting the stored property and any exclusions or limitations to liability in case of damage, theft, or loss. e. Insurance requirements: specifying whether the bailee or the sailor is responsible for maintaining insurance coverage and the type and amount of coverage required. f. Conditions for termination or extension of the storage agreement. g. Signatures of both the bailee and the sailor, indicating their agreement to the terms and conditions outlined in the waiver and release. It is essential to consult with legal professionals or experienced storage facility operators to ensure compliance with Maine state laws and to tailor the waiver and release document to specific storage needs.
