Notary Custody Agreement

I. Parties Involved

This Notary Custody Agreement ("Agreement") is entered into on [Date], by and between:

[Custodian's Name], the Custodian, residing at [Custodian's Address]
[Depositor's Name], the Depositor, residing at [Depositor's Address]
[Your Name], a notary public firm residing at [Your Company Address]

II. Background

[Your Company Name], a duly licensed notary public, is engaged to create this Agreement as per the request of the Parties.

III. Description of Asset

The Parties agree that the asset subject to this Agreement is described as follows:

Type of Asset: [Real Estate Property]
Description: [A two-story commercial building located at 123 Main Street, Anytown, USA.]
Serial Number/Identification: [Parcel ID: 123-456-789]

IV. Custody Terms

A. Custody Responsibilities

[Your Name] agrees to take custody of the above-described asset and exercise reasonable care in its safekeeping.
[Your Name] shall maintain the asset in its current condition and promptly inform the Depositor of any changes or incidents affecting its status.

B. Duration of Custody

The custody arrangement shall commence on [Date] and continue until [Date] unless terminated earlier as per the terms of this Agreement.

C. Termination of Custody

Either party may terminate this Agreement by providing written notice to the other party [30] days in advance.

V. Rights and Obligations

A. Custodian's Rights

[Your Name] shall have the right to inspect the asset periodically to ensure its condition and integrity.
[Your Name] reserves the right to refuse custody of the asset if it poses a safety risk or violates legal regulations.

B. Depositor's Obligations

[Depositor's Name] shall notify [Your Name] promptly of any changes in contact information or ownership status of the asset.

VI. Indemnification

The Parties involved in this agreement, hereby express their mutual consent to protect and absolve each other from any accountability that may arise due to any claims, damages, or responsibilities that might potentially arise as a result of the custody or use of the asset mentioned in this Agreement.

The Parties agree to shoulder the responsibility of any legal, financial, or other consequences that may result from the aforementioned conditions, thus ensuring the safeguarding and non-liability of each other under the terms and conditions set out in this Agreement.

VII. Governing Law

This Agreement shall be governed by and construed by the laws of [State].

VIII. Entire Agreement

This Agreement constitutes the entire agreement between [Your Company Name] regarding the provision of notary services and supersedes all prior agreements and understandings, whether written or oral.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

Printed Name of Custodian: [Custodian's Name]

Date: [Date Signed]

Printed Name of Depositor: [Depositor's Name]

Date: [Date Signed]

Printed Name of Notary Public: [Your Name]

Date: [Date Signed]

Notary Seal (if applicable): [Seal]