Minnesota 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 Minnesota General Form of Warehouse Storage Agreement is a legal document that establishes the terms and conditions between a warehouse owner/operator and a customer who wishes to store goods or belongings in the warehouse facility. This agreement outlines the rights, responsibilities, and obligations of both parties involved. The Minnesota General Form of Warehouse Storage Agreement ensures that the warehouse owner will provide suitable storage facilities and maintain proper security measures to protect the stored items. The agreement also specifies the liabilities and limitations of the warehouse owner in case of any loss, damage, or theft of the stored goods. Some relevant keywords for this agreement include: 1. Warehouse facility: This refers to the physical location where goods are stored, including the necessary infrastructure, such as storage racks, shelves, and climate control systems. 2. Storage period: This indicates the duration for which the goods will be stored in the warehouse, starting from the date of entry and ending on the specified termination date. 3. Storage charges: This refers to the fees or rates charged by the warehouse owner for the storage services provided. The agreement should clearly outline these charges, including any additional fees for extra services, such as handling or transportation. 4. Termination and removal: This section specifies the rights and obligations of both parties regarding the termination of the agreement and the removal of the goods from the warehouse at the agreed-upon time. 5. Liability and insurance: This portion of the agreement outlines the extent of liability of the warehouse owner for any loss, damage, or theft of the stored goods. It may also address the customer's responsibility to obtain adequate insurance coverage for their stored items. 6. Warranties and disclaimers: This section may include any warranties provided by the warehouse owner regarding the suitability of the storage facilities and the accuracy of information provided about the goods. Different types of Minnesota General Form of Warehouse Storage Agreements may include variations based on specific industry requirements or the nature of the goods being stored. For instance, there might be specialized agreements for storing perishable goods that require specific temperature control, hazardous materials' storage agreements that adhere to safety regulations, or documents tailored for storing valuable items like antiques or high-value assets. In summary, the Minnesota General Form of Warehouse Storage Agreement is a crucial legal document that outlines the terms and conditions for the storage of goods in a warehouse facility. It provides clear guidelines for both parties involved and ensures a mutually beneficial and legally binding agreement.