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.
Maryland Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that outlines the terms and conditions of storing furniture and other personal belongings with a bailee. This document serves as a contract between the owner of the property (the sailor) and the party responsible for the storage (the bailee), typically a storage facility or moving company. By signing this waiver and release, the sailor agrees to release the bailee from any liability or responsibility for any damages, losses, or theft that may occur during the storage period. Keywords: Maryland waiver, release, furniture, personal property, stored, bailee, sailor, storage facility, moving company, liabilities, damages, losses, theft, terms and conditions. Types of Maryland Waiver and Release for Furniture and Related Personal Property Stored by Bailee include: 1. Standard Maryland Waiver and Release: This is the most common type of waiver and release used for storing furniture and personal items with a bailee in Maryland. It includes general terms and conditions, liability limitations, and outlines the responsibilities of both the sailor and the bailee. 2. Limited Liability Maryland Waiver and Release: This type of waiver and release provides additional protection for the bailee by further limiting their liability in case of damage, loss, or theft of the stored property. It may come with specific conditions or requirements imposed by the bailee. 3. Conditional Maryland Waiver and Release: A conditional waiver and release is used when certain conditions must be met by the bailee before the waiver becomes effective. For example, the sailor may require proof of insurance or additional security measures from the bailee to protect their belongings. 4. Specific Liability Maryland Waiver and Release: This type of waiver and release is tailored to address specific concerns or circumstances related to the storage of particular types of furniture or personal property. It may involve additional clauses or conditions specific to the nature of the stored items, such as fragile or valuable goods. 5. Renewal or Extension Maryland Waiver and Release: If the storage period extends beyond the initial agreement, a renewal or extension waiver and release may be required. This document states that the terms and conditions of the original agreement remain in effect for the additional period of storage. It is important for both the sailor and the bailee to carefully review and understand the terms and conditions of the Maryland Waiver and Release for Furniture and Related Personal Property Stored by Bailee before signing, as it establishes the legal rights and responsibilities of each party during the storage period. Consulting with legal professionals or experts in the field is recommended to ensure the document is comprehensive and protects the interests of both parties.
