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.
Wisconsin Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document that outlines the terms and conditions surrounding the storage of furniture and other personal property by a bailee, a person or company responsible for the temporary custody and safekeeping of these items. This document serves as an agreement between the bailee and the owner of the stored items, providing important protection and clarity for both parties involved. Keywords: Wisconsin, waiver and release, furniture, personal property, stored by bailee. Types of Wisconsin Waiver and Release for Furniture and Related Personal Property Stored by Bailee: 1. Basic Waiver and Release: This type of waiver and release document covers the general terms and conditions of storing furniture and personal property. It includes clauses pertaining to liability limitations, indemnification, release of claims, and the bailee's responsibility towards the goods in their possession. 2. Limited Liability Waiver and Release: This variation of the Wisconsin waiver and release is specifically designed to limit the liability of the bailee in case of damage, loss, or theft of the stored furniture and personal property. It may include provisions for insurance requirements, valuation of goods, and limitations on the types of items that can be stored. 3. Long-Term Storage Waiver and Release: This type of waiver and release agreement is intended for situations where furniture and personal property are stored for an extended period, such as seasonal storage or in-between moves. It may include provisions addressing the duration of storage, access to the items, and fees associated with long-term storage services. 4. Commercial Storage Waiver and Release: Designed for businesses that provide storage services, this waiver and release agreement encompasses the storage of furniture and personal property owned by commercial entities. It may include additional clauses related to inventory documentation, security measures, and the liabilities unique to commercial storage arrangements. 5. Customized Waiver and Release: In some cases, the bailee and the owner may require a customized waiver and release document tailored to their specific needs and circumstances. This type of agreement can be drafted with the help of legal professionals to address any unique provisions or concerns regarding the storage of furniture and personal property. Remember, it is essential to consult with a qualified attorney to ensure that the Wisconsin waiver and release document complies with all applicable laws and regulations.
