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.
The North Dakota Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that outlines the terms and conditions under which a bailee (a person or entity that temporarily holds and protects another's personal property) can store furniture and related personal property. It serves as a protection for both parties involved in the storage of these items. This waiver and release form details the responsibilities and liabilities of the bailee, as well as the rights and obligations of the owner of the stored property. By signing this document, the owner acknowledges and agrees to the terms set forth by the bailee, releasing them from any liability for loss, damage, or theft of the furniture and related personal property. Keywords: North Dakota, waiver and release, furniture, related personal property, stored, bailee, legal document, terms and conditions, protection, responsibilities, liabilities, rights, obligations, owner, loss, damage, theft. Different types of North Dakota Waiver and Release for Furniture and Related Personal Property Stored by Bailee may include: 1. Standard North Dakota Waiver and Release: This is the general form used to release the bailee from any liability for loss, damage, or theft of the stored furniture and related personal property. 2. Limited Liability North Dakota Waiver and Release: This type of waiver and release limits the bailee's liability up to a specified amount or based on predefined conditions outlined in the agreement. 3. Extended Liability North Dakota Waiver and Release: In contrast to the limited liability waiver, this form expands the bailee's responsibility and potential liability for the stored furniture and related personal property, protecting the owner's interests to a greater extent. 4. Temporarily Stored Furniture North Dakota Waiver and Release: Specifically designed for short-term storage situations, this waiver and release addresses the unique aspects of temporarily holding furniture and related personal property, such as storing during a move or renovation. 5. Commercial Storage North Dakota Waiver and Release: For businesses or individuals who provide storage services on a commercial basis, this form includes additional clauses and provisions to manage the unique risks associated with commercial storage of furniture and related personal property. Remember, it's crucial to consult with a legal professional to ensure compliance with North Dakota's laws and regulations when drafting or using any waiver and release forms.
