The Bailment Agreement serves as a crucial legal instrument in Malta for situations where temporary possession of property needs to be transferred while maintaining original ownership. This document is essential when valuable items, equipment, or goods need to be stored, displayed, or maintained by a third party. Governed by Maltese law, particularly the Civil Code (Chapter 16), the agreement clearly defines the rights and obligations of both the bailor and bailee, including specific care standards, liability provisions, and return conditions. It's commonly used in various commercial contexts, from warehouse storage to art exhibitions, and can be adapted to different property types and business needs. The agreement typically includes detailed schedules describing the property, condition reports, and specific handling requirements to ensure proper property management and protection of both parties' interests.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification and details of the bailor and bailee
2. Background: Context of the bailment arrangement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Subject Matter of Bailment: Clear description of the property being bailed
5. Term of Bailment: Duration of the bailment arrangement
6. Delivery and Return: Terms regarding the handover and return of the bailed property
7. Duties of the Bailee: Standards of care, storage requirements, and specific obligations
8. Permitted Use: Limitations and conditions on how the bailed property may be used
9. Fees and Expenses: Any charges for the bailment and responsibility for related costs
10. Risk and Insurance: Allocation of risk and insurance requirements
11. Liability and Indemnification: Responsibilities for damage, loss, and related liabilities
12. Termination: Circumstances and procedures for ending the bailment
13. Governing Law and Jurisdiction: Confirmation of Maltese law application and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Security Arrangements: Required when specific security measures need to be maintained for valuable items
2. Sub-bailment Provisions: Needed if the bailee may need to transfer possession to third parties
3. Special Handling Instructions: For items requiring specific storage conditions or handling procedures
4. Inspection Rights: When regular inspection of the bailed property is required
5. Reporting Requirements: For arrangements requiring periodic status reports on the bailed property
6. Emergency Procedures: Required for high-value or sensitive items needing specific emergency protocols
7. Intellectual Property Rights: Needed when the bailed property involves or incorporates IP rights
8. Confidentiality Provisions: Required when the bailment involves confidential or sensitive items
1. Schedule 1 - Property Description: Detailed inventory and description of all bailed property
2. Schedule 2 - Condition Report: Documentation of the condition of property at time of bailment
3. Schedule 3 - Fee Schedule: Breakdown of any applicable fees and payment terms
4. Schedule 4 - Handling Specifications: Detailed technical or handling requirements for the property
5. Schedule 5 - Insurance Requirements: Specific insurance requirements and coverage details
6. Appendix A - Delivery and Return Procedures: Detailed procedures for property handover and return
7. Appendix B - Maintenance Schedule: Required maintenance procedures and schedules if applicable
Find the exact document you need
No items found.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)