Bailment definition

Bailment means the act of placing property in the custody
Bailment means any agreement in which the Contractor permits the commercial or non- commercial transfer of custody, access or use of Laboratory Biological Materials or Laboratory Tangible Research Product for a specified purpose of technology transfer or research and development, including without limitation evaluation, and without transferring ownership to the bailee.
Bailment means the act of delivering goods or personal

Examples of Bailment in a sentence

  • THIRD AMENDED AND RESTATED SECURITY AGREEMENT Legal Name Jurisdiction of Formation State ID Number Address of Chief Executive Office Trade Names/ Trade Styles Address of Collateral Location(s) (Grantor) Name/Address of Owner of Collateral Location (other than Grantor) Name/Address of Person HOlding Collateral Under Warehouse, Bailment, ect.

  • A Mississippi Bailment Warehouse Vendor’s Authorization Representative Form should be completed for each authorized agent.

  • The Bailment Term shall continue until the expiration of the Agreement, or on any earlier date as the Agreement may be terminated in accordance with its terms and provisions.

  • Include Bill of Sale, Non-Negotiable Bailment Receipt (see form at the end of this section) and applicable insurance certificate.

  • Bailment and pledge Bailmentthe world ‘bailment’ is derived from the French world the French world ‘baillier’ which means ‘to deliver Etymologically, it means any kind of handling over’.


More Definitions of Bailment

Bailment means the delivery of goods by one person to another for some purpose, upon a contract that the goods shall when the purpose is accomplished, be returned or disposed of according to the direction of the person who delivered them;
Bailment means any agreement in which the Contractor permits the commercial or non- commercial access and use of Laboratory Biological Materials or Laboratory Tangible Research Product for the specified purpose of technology transfer or research and development, including without limitation for the purpose of evaluation, and without transferring ownership to the bailee. Bailment does not apply to computer software.
Bailment means any agreement in which the Contractor permits the commercial or non-commercial transfer of custody, access or use of Laboratory Biological Materials or Laboratory Tangible Research Product for a specified purpose of technology transfer or research and development, including without limitation evaluation, and without transfer- ring ownership to the bailee.(c) Allo able Costs. (1) The Contractor shall establish and carry out its technology trans- fer efforts through appropriate organiza- tional elements consistent with the require- ments for an Office of Research and Tech- nology Applications (ORTA) pursuant to paragraphs (b) and (c) of Section 11 of the Stevenson-Wydler Technology Innovation Act of 1980, as amended (15 U.S.C. 3710). The costs associated with the conduct of tech- nology transfer through the ORTA including activities associated with obtaining, main- taining, licensing, and assigning Intellectual Property rights, increasing the potential for the transfer of technology, and the wide- spread notice of technology transfer opportu- nities, shall be deemed allowable provided that such costs meet the other requirements of the allowable costs provisions of this Con- tract. In addition to any separately des- ignated funds, these costs in any fiscal year shall not exceed an amount equal to 0.5 per- cent of the operating funds included in the Federal research and development budget Department of Energy 970.5227–3 (including Work For Others) of the Labora- tory for that fiscal year without written ap- proval of the contracting officer.(2) The Contractor’s participation in litiga- tion to enforce or defend Intellectual Prop- erty claims incurred in its technology trans- fer efforts shall be as provided in the clause entitled ‘‘Insurance—Litigation and Claims’’ of this contract.(d) Conflicts of Interest—Technology Trans- fer. The Contractor shall have implementing procedures that seek to avoid employee and organizational conflicts of interest, or the appearance of conflicts of interest, in the conduct of its technology transfer activities. These procedures shall apply to other per- sons participating in Laboratory research or related technology transfer activities. Such implementing procedures shall be provided to the contracting officer for review and ap- proval within sixty (60) days after execution of this contract. The contracting officer shall have thirty (30) days thereafter to ap- prove or require specific changes to such pro- cedures. Such im...
Bailment means a delivery of goods or movable personal property by one person to another in trust for the execution of a special object upon or in relation to goods beneficial either to the bailor or bailee or both and upon a contract, express or implied, to perform the trust and carry out the object and either redeliver the goods to the bailor or dispose of the goods in conformity with the purpose of the trust;
Bailment means an agreement, other than a leasing contract, under which goods are rented to a bailee on a temporary basis in consideration for a monthly rental and property in the goods remains with the bailor;
Bailment means the act of delivering goods or personal property to another in trust.
Bailment means the transfer, by written or verbal contract, of an agricultural commodity by an owner of a commodity to a producer for the purpose of obtaining the producer's services in planting, growing, harvesting, or delivering back to the owner the agricultural commodity. The term includes any one or all of the enumerated transactions, whether title passes or not.