Deposit Agreement

"Can the depositee use the entrusted property?"

Quick Answer

A contract where the depositee agrees to keep a movable property entrusted to them by the depositor in a safe place and return it upon request.

Scope and Legal Distinctions

A deposit or custody agreement concerns safekeeping and return of property. It is different from a bank deposit, security deposit or advance payment despite similar English labels.

What to Check in Practice

Describe the item, condition, permitted use, storage standard, insurance and return instructions; retain handover and release records.

Sources & Authorities

Statutory framework and official guidance for this definition.

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