Corporate, Commercial Law and Dispute Resolution · Contracts, Commercial Law and Transactions
Safekeeping agreement protects inventory, equipment and other material assets by defining what the custodian receives, how the property must be stored and when it must be returned. Logistics, distribution, manufacturing and warehouse-dependent businesses benefit from documenting condition and storage requirements before assets change hands.
Who Uses Safekeeping Agreements
manufacturing companies;
trading and distribution businesses;
logistics companies and warehouse operators;
businesses using rented storage facilities.
Property Description
Agreement should identify the assets, quantity, characteristics and condition at the time of transfer. Detailed schedules or acceptance documents can be used for larger inventories.
Storage Conditions
Required temperature, humidity, security, video surveillance, fire-protection measures or other special conditions should be documented where they affect preservation of the property.
Responsibilities of the Custodian
preserve the property;
avoid unauthorised personal or commercial use;
notify the owner promptly about a risk of loss or damage.
Responsibilities of the Owner
provide information necessary for safe storage;
pay storage fees where applicable;
collect the property at the end of the agreed period.
Liability, Term and Payment
Contract should address loss, damage, breach of storage conditions, late return, storage period and the price or settlement procedure.
Force Majeure and Disputes
Exceptional-event provisions can define when responsibility is limited, while dispute clauses can establish negotiation, mediation or court procedures.
Business asset safekeeping should be documented through a contract and transfer records that make the condition and custody obligations easy to prove. Clear storage standards and liability terms help protect asset value and simplify claims if property is lost, damaged or returned late.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Safekeeping Agreement for Business Assets