Wisconsin General Form of Warehouse Storage Agreement

• Category: Contracts - Storage
• State: Multi-State
• Control #: US-0090BG
• Format: Word; Rich Text

Description

The relationship between warehouseman and depositor is that of bailer and bailee, and many of the principles applicable to bailments generally obtain with respect to warehouse storage. Like other bailment contracts, a warehousing storage contract is subject generally to the law of contracts, and the parties may fix the terms of storage and regulate their responsibilities in a written agreement, however, restrictions imposed by statute may apply.

The Wisconsin General Form of Warehouse Storage Agreement is a legal contract that outlines the terms and conditions between a warehouse and a customer for the storage of goods or commodities. This agreement is used in the state of Wisconsin and is designed to protect the interests of both parties involved. The main purpose of this agreement is to establish the responsibilities and liabilities of the warehouse owner or operator and the customer relating to the storage, handling, and transportation of goods. It is a comprehensive document that covers various aspects of the storage process, including the receipt, handling, storage conditions, delivery, and insurance of the goods. Some key components included in the Wisconsin General Form of Warehouse Storage Agreement are: 1. Identification of parties: The agreement clearly identifies the warehouse owner or operator (referred to as the "warehouseman") and the customer (referred to as the "depositor" or "owner"). 2. Description of goods: The agreement includes a detailed description of the goods or commodities being stored, including quantity, condition, and any specific storage requirements. 3. Receipt and delivery: The agreement specifies the procedures and documentation required for the receipt and delivery of goods, including the issuance of receipts, load slips, and delivery orders. 4. Storage conditions: The agreement defines the responsibilities of the warehouseman in establishing and maintaining suitable storage conditions, such as temperature, humidity, security, and pest control. 5. Obligations of the warehouseman: The agreement outlines the obligations of the warehouseman, including exercising reasonable care in the handling and storage of goods, maintaining appropriate insurance coverage, and providing accurate inventory records. 6. Liabilities and limitations: The agreement establishes the liabilities of both parties in case of loss, damages, or any other claims relating to the stored goods. It also defines the limitations of liability for the warehouseman, such as for acts of God, riots, strikes, or other unforeseeable events. 7. Insurance: The agreement may require the depositor to provide insurance coverage for their goods stored in the warehouse. It may also outline the warehouseman's insurance requirements and responsibilities. Different types of Wisconsin General Form of Warehouse Storage Agreements: 1. Short-term storage agreement: This type of agreement is commonly used when the storage period is relatively short, usually a few months or less. It is typically employed for temporary storage needs or during the transition of goods between locations. 2. Long-term storage agreement: Long-term storage agreements are designed for extended periods, spanning several years. They are often used for businesses that require ongoing storage of inventory or goods, such as manufacturers, distributors, or retailers. 3. Cold storage agreement: This type of agreement is specific to the storage of perishable goods that require temperature-controlled environments, such as food products or pharmaceuticals. It includes additional clauses and requirements related to maintaining the appropriate temperature and ensuring the safety and quality of the stored goods. In conclusion, the Wisconsin General Form of Warehouse Storage Agreement is a crucial legal document that governs the relationship between a warehouse and a customer regarding the storage of goods. It covers various aspects of the storage process and ensures that both parties are aware of their rights, duties, and liabilities. Depending on the specific storage needs, different variations of this agreement, such as short-term, long-term, or cold storage agreements, may be utilized.