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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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810047.fib
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1993-08-01
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37 lines
SALVAGE AGREEMENT
___________________, referred to as OWNER, and ________________
_______________, referred to as SALVAGE COMPANY, agree:
On ____________________, OWNER suffered a loss due to __________
which damaged items generally described as:
________________________________________________________________
SALVAGE COMPANY agrees to take immediate custody of the salvage
items and to take and sell the same in a manner which SALVAGE
company deems most advantageous. If SALVAGE COMPANY determines
that as to any part of the items, the cost of removal will exceed
the probably recovery, SALVAGE COMPANY shall give notice of
intent to abandon.
SALVAGE COMPANY shall receive a commission of ____% of the sale
proceeds and shall retain the same until directed by OWNER as to
distribution of the same.
Dated: _______________________
____________________________________
____________________________________