Bailment Agreement Template for Hong Kong

1. Fees and Payment: Required for commercial bailments; specifies fees, payment terms, and consequences of non-payment

2. Sub-bailment: Include if sub-bailment is permitted, specifying conditions and responsibilities

3. Security Interest: Include for commercial bailments where the goods serve as security

4. Maintenance and Repairs: Include for bailments of equipment or machinery requiring maintenance

5. Intellectual Property: Include if the bailed goods involve IP rights or licensed technology

6. Confidentiality: Include for commercial bailments involving sensitive information or trade secrets

7. Force Majeure: Optional clause for handling unforeseen circumstances affecting the bailment

8. Inspection Rights: Include if the bailor requires rights to inspect the goods during bailment

1. Schedule 1 - Description of Goods: Detailed description of the bailed goods including condition, serial numbers, and identifying features

2. Schedule 2 - Handling Instructions: Specific instructions for handling, storage, and maintenance of the goods

3. Schedule 3 - Fee Schedule: For commercial bailments, detailed breakdown of fees and charges

4. Schedule 4 - Insurance Requirements: Specific insurance requirements including types of coverage and minimum amounts

5. Appendix A - Condition Report: Detailed report of the condition of goods at the time of bailment

6. Appendix B - Return Procedures: Detailed procedures for the return of goods including inspection criteria