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Bailment Agreement
1. Parties: Identification of the bailor (owner) and bailee (custodian), including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the bailment arrangement and the purpose for which the property is being placed in bailment
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Bailment Period', and other relevant terms
4. Property Description: Detailed description of the property being bailed, including condition, value, and any identifying characteristics
5. Term of Bailment: Duration of the bailment, including start date and end date or conditions for termination
6. Custody and Care: Bailee's obligations regarding the safekeeping and maintenance of the property
7. Use Restrictions: Limitations on how the bailee may use or handle the bailed property
8. Risk and Insurance: Allocation of risk and requirements for insurance coverage
9. Return of Property: Conditions and process for returning the property to the bailor
10. Liability and Indemnification: Responsibilities for damage or loss and indemnification provisions
11. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
1. Compensation: Terms of payment if this is a compensated bailment (used when the bailee charges for storage or care)
2. Sub-bailment: Provisions regarding whether and how the bailee may transfer the property to third parties (used when sub-bailment might be necessary)
3. Security Measures: Specific security requirements for high-value items (used for valuable property)
4. Inspection Rights: Bailor's rights to inspect the property during bailment (used for long-term or high-value bailments)
5. Maintenance Schedule: Specific maintenance requirements (used for property requiring regular maintenance)
6. Emergency Procedures: Procedures for handling emergencies involving the property (used for hazardous or sensitive items)
7. Confidentiality: Confidentiality obligations (used when the property or its details are commercially sensitive)
1. Schedule 1 - Property Inventory: Detailed inventory list of all property subject to bailment, including photographs and condition reports
2. Schedule 2 - Handling Instructions: Specific instructions for handling, storing, or maintaining the property
3. Schedule 3 - Insurance Requirements: Detailed insurance requirements including types of coverage and minimum amounts
4. Appendix A - Condition Report: Detailed documentation of the property's condition at the start of bailment
5. Appendix B - Storage Location Details: Specifications of where and how the property will be stored
6. Appendix C - Authorized Personnel: List of persons authorized to handle or access the bailed property
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