Tooling Bailment Agreement | USA

Manufacturers and suppliers, prepare an Exclusive Right of Supply Agreement for a customer with this easy-to-use template.

• The manufacturer will manufacture certain products for the customer, and will act as exclusive supplier of these products.
• Prices on finished products will be determined by the quantity in each order which are delivered to and accepted by the customer. The manufacturer may change prices to reflect the costs of its raw materials or any increases in taxes or duty.
• The manufacturer may also increase item prices or decrease any quantity or cash discount, and the customer has the right to reject any such change.
• The customer must provide a regular forecast of its requirements, and must place orders sufficiently in advance of shipment dates to allow the manufacturer time to complete the orders.
• The Exclusive Right of Supply Agreement template is generic (not country specific). Downloadable and fully editable to fit your specific circumstances.

Put together an exclusive supply and distribution arrangement between a manufacturer and a buyer under this Product Supply Agreement.

• The manufacturer agrees not to sell to any other party except the buyer, and to supply products to the buyer without interruption.
• The buyer will devote its best efforts to promote, sell and develop demand for the products. The manufacturer will refer all leads to the buyer.
• The buyer has the right to inspect the products and to reject any portion that does not comply with the terms of the agreement.
• The agreement includes provisions for confidentiality and intellectual property protection.
• The manufacturer agrees to indemnify the buyer against any claims or losses arising with respect to the manufacturing of the products.
• This Product Supply Agreement template is a generic (not country specific) legal contract.
• Download the template and customize it for your unique situation.

Use this USA Bailment Agreement form to place equipment in the possession of another party for their use and benefit.

• The term of the contract will last as long as the equipment is in the possession of the bailee. The term can be extended or terminated by agreement of both parties.
• The bailor retains ownership of the equipment at all times.
• The bailee's use of the equipment must comply with all applicable laws and regulations.
• The bailee must keep the equipment in good operating condition at its own expense.
• The bailee is liable for loss or damage to the equipment as long as it has possession of it.
• Neither party is liable to the other for special, incidential or consequential damages.
• This Bailment Agreement template is intended for use within the United States.

Prepare a Bailment Agreement for products that will be sent to another party for evaluation with this easy downloadable template.

What does "bailment" mean?

The term "bailment" means the transfer of possession of certain goods by the owner (the bailor) to another person (the bailee) for a specific purpose, on the condition that they will be returned to or reclaimed by the owner after the purpose is accomplished. The bailee does not acquire any ownership or title to the goods.

When would this Bailment Agreement be applicable?

This contract form can be used for situations where a third party evaluator needs to take possession of software, hardware, equipment or other products in order to evaluate them.

Key Provisions of the Agreement

• The bailor (owner) retains full title and ownership of the goods being bailed. The bailee (evaluator) agrees not to sell, transfer, encumber or subject the bailed property to any legal process.
• The bailor agrees that if any part of the bailed goods installed on the bailee's property would cause damage to that property if removed, title to that portion of the bailed goods will pass to the bailee.
• The bailed goods are provided "as is" and without any warranty of any kind, including warranties of merchantability or fitness for a particular purpose.
• The bailee is under no obligation to purchase any goods from, or have any future business dealings, with the bailor.

Confidentiality

The bailee and its employees, contractors and agents are bound by confidentiality provisions to protect the bailor's intellectual property and confidential information.

Format and Scope of Agreement

This Bailment Agreement is available as a downloadable MS Word file. It is customizable and reusable, making it flexible and cost-effective.

This is a generic legal contract template which does not contain references to the laws of any specific country or region. It can be used almost anywhere.