Bailment Agreement
This model agreement covers the situation where a company, having already agreed a contract manufacturing agreement further agrees to grant gratuitously to the contractor as bailee, the use of certain goods, specifically needed for that assembly and manufacture.
BAILMENT AGREEMENT
Article 1. Object of this Agreement
Article 2. Delivery and Use
Article 3. Maintenance and Storage
Article 4. Risk of Loss
Article 5. Insurance
Article 6. Return of the Machinery
Article 7. Liability of the Bailee
Article 8. obligations of the Bailee
Article 9. Expenses
Article 10. Duration and termination
Article 11. Relationship between the Parties
Article 12. Entire Agreement
Article 13. Amendments
Article 14. Severability
Article 15. No Implied Waiver
Article 16. Notices
Article 17. Costs
Article 18. Copies
Article 19. Governing law and Jurisdiction