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 Hennepin Minnesota General Form of Warehouse Storage Agreement is a legally binding contract that governs the terms and conditions of storing goods in a warehouse facility located in Hennepin County, Minnesota. This agreement outlines the responsibilities, rights, and obligations of both the warehouse owner and the customer. The main purpose of this agreement is to establish a secure and efficient storage arrangement for goods. It ensures the proper handling, storage, and protection of the stored items, while also defining the roles and responsibilities of each party involved. This document contains key provisions that safeguard the interests of both the warehouse owner and the customer. The Hennepin Minnesota General Form of Warehouse Storage Agreement typically includes the following sections: 1. Parties: Identifies the names and addresses of both the warehouse owner (referred to as "bailee") and the customer (referred to as "sailor"). 2. Definitions: Defines essential terms and phrases used throughout the agreement, ensuring clarity and understanding. 3. Goods: Specifies the nature, description, quantity, and value of the goods to be stored in the warehouse facility. 4. Term: Outlines the duration of the storage agreement, including the start and end dates. 5. Charges and Payment: Describes the storage fees, any additional charges, payment terms, and acceptable methods of payment. 6. Insurance: Specifies whether the warehouse owner or the customer is responsible for obtaining insurance coverage for the goods in storage. 7. Warehouseman's Lien: Establishes the warehouse owner's right to a lien on the goods stored in case of non-payment by the customer. 8. Delivery and Retrieval of Goods: Outlines the procedures for delivering and retrieving goods from the warehouse, including any fees or requirements. 9. Limitation of Liability: Defines the maximum liability of the warehouse owner in case of loss, damage, or theft of the stored goods. 10. Termination: Outlines the conditions under which either party can terminate the storage agreement, along with any necessary notice periods. 11. Governing Law and Jurisdiction: Specifies the applicable laws and jurisdiction governing the agreement, generally based on Hennepin County, Minnesota regulations. Different types or variations of the Hennepin Minnesota General Form of Warehouse Storage Agreement may exist based on specific industry requirements or the unique needs of the warehouse facility. Examples include agreements tailored for cold storage, hazardous materials' storage, or high-value goods' storage. These specialized agreements would include additional provisions and terms relevant to their respective industries or goods being stored.
The Hennepin Minnesota General Form of Warehouse Storage Agreement is a legally binding contract that governs the terms and conditions of storing goods in a warehouse facility located in Hennepin County, Minnesota. This agreement outlines the responsibilities, rights, and obligations of both the warehouse owner and the customer. The main purpose of this agreement is to establish a secure and efficient storage arrangement for goods. It ensures the proper handling, storage, and protection of the stored items, while also defining the roles and responsibilities of each party involved. This document contains key provisions that safeguard the interests of both the warehouse owner and the customer. The Hennepin Minnesota General Form of Warehouse Storage Agreement typically includes the following sections: 1. Parties: Identifies the names and addresses of both the warehouse owner (referred to as "bailee") and the customer (referred to as "sailor"). 2. Definitions: Defines essential terms and phrases used throughout the agreement, ensuring clarity and understanding. 3. Goods: Specifies the nature, description, quantity, and value of the goods to be stored in the warehouse facility. 4. Term: Outlines the duration of the storage agreement, including the start and end dates. 5. Charges and Payment: Describes the storage fees, any additional charges, payment terms, and acceptable methods of payment. 6. Insurance: Specifies whether the warehouse owner or the customer is responsible for obtaining insurance coverage for the goods in storage. 7. Warehouseman's Lien: Establishes the warehouse owner's right to a lien on the goods stored in case of non-payment by the customer. 8. Delivery and Retrieval of Goods: Outlines the procedures for delivering and retrieving goods from the warehouse, including any fees or requirements. 9. Limitation of Liability: Defines the maximum liability of the warehouse owner in case of loss, damage, or theft of the stored goods. 10. Termination: Outlines the conditions under which either party can terminate the storage agreement, along with any necessary notice periods. 11. Governing Law and Jurisdiction: Specifies the applicable laws and jurisdiction governing the agreement, generally based on Hennepin County, Minnesota regulations. Different types or variations of the Hennepin Minnesota General Form of Warehouse Storage Agreement may exist based on specific industry requirements or the unique needs of the warehouse facility. Examples include agreements tailored for cold storage, hazardous materials' storage, or high-value goods' storage. These specialized agreements would include additional provisions and terms relevant to their respective industries or goods being stored.