What is the purpose of a storage agreement?
Storage agreement - an agreement between two parties, according to which one party (custodian) undertakes to store the thing transferred to it by the other party (bailor) and return it to the latter intact.
The contract of storage is public, if the storage of things is carried out by the subject of entrepreneurial activity in warehouses (in cells, premises) for general use.
The storage agreement is concluded in writing in agreements between:
legal entities;
natural and legal person;
individuals for an amount that is 20 or more times higher than the amount of the tax-free minimum income of citizens.
If it is necessary to draw up an individual storage agreement, we recommend that you use the Consultant legal services service to order a turnkey document.
A little more about the storage agreement
The written form of the contract is considered to be observed if the acceptance of the thing for storage is certified by a receipt, receipt or other document signed by the custodian. Acceptance of a thing for storage may be confirmed by issuance to the bailor of a numbered token, another sign certifying the acceptance of a thing for storage, if this is established by law, other acts of civil legislation or is customary for this type of storage.
Acceptance of a thing for storage in case of fire, flood, sudden illness or other extraordinary circumstances may be confirmed by the testimony of witnesses.
A professional custodian is responsible for the loss (shortage) or damage of a thing, unless he proves that this happened due to force majeure, or because of such properties of the thing that the keeper, when accepting it for storage, did not know and could not know, or due to intent or gross negligence of the bailor.
The structure of the agreement is quite simple. Although the development of an individual storage agreement may take time for a lawyer, however, his participation will have a clearly positive effect and success in further use.
Features of the power of attorney agreement: what to look for?
Our experts always recommend that when concluding any transactions, it is necessary to describe the subject and all essential conditions in great detail.
When speaking about a storage agreement, lawyers pay attention to:
The contract of storage may provide for the right of the bailee to use the thing transferred for storage
The storage agreement may be paid or non-paid.
The law establishes the responsibility of the custodian for the loss (shortage) or damage of the thing accepted for storage.
Damage caused to the bailor by the loss (defect) or damage to the thing shall be compensated by the bailee:
in case of loss (shortage) of a thing - in the amount of its value;
in case of damage to the thing - in the amount by which its value has decreased.
If, as a result of damage to a thing, its quality has changed to such an extent that it cannot be used for its original purpose, the bailor has the right to refuse this thing and demand compensation for its value from the bailee.
Therefore, if it is necessary to analyze the storage agreement or develop an individual document, we suggest using our legal services "Consultant". Our specialists will be able to best assist in the preparation of the document, and if necessary, create a completely new one in accordance with your situation.
Storage contract template
The best specialists in the field of contract law are already ready to provide appropriate advice! We offer high quality services with comfortable service.
Purchasing a storage agreement template has become much easier! You can upload a document in a few simple steps:
Download the mobile application "Consultant";
After a short registration, you can find the required document in the "Documents" section;
By clicking the "Buy Template" button, you will immediately receive a link to download the document.
