Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Bailment definition

What does Bailment mean? In legal practice, bailment describes one person (the bailee) having possession and control of another’s tangible goods (the bailor) on the basis that the goods will be returned, delivered to a third party, or otherwise dealt with as directed. It arises by agreement or by operation of law (for example, carriage, storage, repair, hire, pledge, or where goods are found or delivered by mistake). There is no transfer of ownership. Bailment is a common-law concept shaped by case law rather than a single statutory definition. Across England and Wales, Northern Ireland and Ireland, usage is broadly consistent; in Scotland...

UK Commercial Trusts: Structuring and Uses—Investment, Security, Trading and Purpose Trusts, Digital Assets, Beneficiary and Creditor Rights, Taxation and Regulatory Compliance

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Practice notes

The common law trust has long played a role across a range of commercial structures; yet its deployment is subtle and tailored to the circumstances of each arrangement. Although the equitable foundations of classic trusts remain pertinent, courts increasingly accept that the intricate rules devised for traditional trusts cannot simply be transplanted into commercial trusts. A trust possesses distinctive qualities that differentiate it from other legal relationships—such as contract, agency and Bailment. This Practice Note highlights several established and potential applications of a trust that is deliberately constituted to achieve a commercial objective. Trusts arising by operation of law regardless of the parties’ intentions, or emerging from litigation, fall outside the scope of this Practice Note...

What is a trust?

See Practice Notes: An introduction to trusts for commercial lawyers and Nature and classification of trusts—the nature and classification of trusts. For details on the meaning of a trust, the various categories of trust and the elements required for validity. This Practice Note also outlines the role of trustees and the extent...

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Web page updated on 22/05/2026

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