How To Use
This is a well care document that protects a company put in the position of salvaging an item, such as a vehicle or other piece of equipment, from becoming responsible to the Owner should potential costs exceed the profitability of the transaction.
- Make multiple copies. Give one to each signatory. Keep one with the transaction file.
____________________________, referred to as OWNER, and ____________________________, referred to as SALVAGE COMPANY, agree:
On __________________________, OWNER suffered a loss due to ____________________________ which damaged items generally described as: ______________________________________________________________________________________________________________________________________