BAILMENT AGREEMENT

This Bailment Agreement is made on this ___ day of __________, 20 between:

Bailor:
Name: ___________________________
Address: _________________________
Contact: _________________________

AND

Bailee:
Name: ___________________________
Address: _________________________
Contact: _________________________

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1. Subject Matter

The Bailor hereby delivers to the Bailee the following goods (the “Goods”):

• Description of Goods: ___________________________

• Quantity/Weight/Value (if applicable): _______________

2. Purpose of Bailment

The Goods are delivered for the purpose of:

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3. Term

The Bailee shall hold the Goods for a period of ____________ starting from ____________ to ____________.

4. Return of Goods

The Bailee agrees to return the Goods to the Bailor or dispose of the Goods as per Bailor’s instructions upon completion of the purpose or expiry of the term.

5. Duties of the Bailee

• The Bailee shall take reasonable care of the Goods and ensure their safety.

• The Bailee shall not use the Goods for any unauthorized purpose.

6. Duties of the Bailor

• The Bailor warrants that the Goods are free from any encumbrance.

• The Bailor shall compensate the Bailee for any expenses reasonably incurred for the safekeeping of the Goods.

7. Compensation

[ ] The bailment is gratuitous (no payment).
[ ] The bailment is for consideration and the Bailee shall be paid Rs. ___________ for the services.

8. Liability

The Bailee shall be liable for loss or damage to the Goods caused due to negligence or breach of this Agreement.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of India.

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IN WITNESS WHEREOF, the parties have executed this Bailment Agreement on the date first above written.

Bailor:
(Signature) ___________________
Name: _______________________

Bailee:
(Signature) ___________________
Name: _______________________