Sample Bailment Agreement in Kenya

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Document Overview

A Bailment Agreement is a legal contract between two parties i.e. the Bailor and the Bailee, governing the transfer of possession of property. The Bailor temporarily entrusts their property to the Bailee. The Bailee agrees to take care of it and return it according to the terms of the agreement.

Key Components:
1. Parties Involved
2. Description of the Property
3. Purpose of Bailment
4. Term (Duration of Bailment)
5. Delivery and Acceptance
6. Duties of the Bailee
7. Duties of the Bailor
8. Compensation
9. Risk and Liability
10. Termination
11. Governing Law
12. Dispute Resolution
13. Miscellaneous Provisions
14. Signatures

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Sample Bailment Agreement in Kenya

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