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.
Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that serves as an agreement between a storage facility (the bailee) and the owner of furniture and other personal property (the sailor). This waiver and release establishes the roles, responsibilities, and liabilities of both parties and sets forth the terms and conditions for the storage of the property. Keywords: Michigan, waiver and release, furniture, personal property, stored, bailee. There are different types of Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee based on specific circumstances or situations. Some of these variations include: 1. General Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee: This is a standard agreement used for the storage of furniture and personal property in Michigan. It covers the general terms, conditions, and liabilities that both parties must adhere to. 2. Capacity Limitations Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee: This specific type of waiver and release outlines the maximum capacity or weight limitations for storing furniture and personal property. It ensures that the storage facility is not overwhelmed and maintains proper storage practices. 3. Temperature-Controlled Storage Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee: This waiver and release focus on the storage of furniture and personal property that requires a controlled temperature environment. It specifies the necessary measures and precautions the bailee must take to maintain the appropriate temperature. 4. Climate-Controlled Storage Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee: Similar to the temperature-controlled version, this type of waiver and release focuses on storage needs that require a controlled climate, including humidity control. It outlines the necessary steps to prevent damage caused by climatic factors. 5. Limited Liability Michigan Waiver and Release for Furniture and Related Personal Property Stored by Bailee: This variation limits the liability of the bailee in the case of damage, loss, or theft of the stored furniture or personal property. It may include specific clauses that define the maximum liability the bailee will assume. It is worth noting that the legal language and specific content of these waivers and releases may vary based on individual storage facility policies, local regulations, and the needs of both parties involved.
