The bailout agreement essentially stipulates that any State party to the agreement must provide all possible assistance to rescue the personnel of a spaceship that has landed on the territory of that state, whether as a result of an accident, an emergency, an emergency or an accidental landing. If distress occurs in an area outside the territory of a nation, each part of the state able to do so will increase assistance in the search and rescue operation, if necessary. The agreement on the rescue of astronauts, the return of astronauts and the return of objects that have entered space is also called the Rescue Agreement, an international agreement that defines the rights and obligations of states to rescue people in space. The agreement was reached by a consensus vote at the United Nations General Assembly on 19 December 1967 (Resolution 2345 (XXII)) It came into force on 3 December 1968. Its provisions specify the rescue provisions set out in Article V of the 1967 Space Treaty. Although the bailout agreement is more specific and detailed than the rule of rescue of Article V of the Space Treaty, it still suffers from vague formulations and the possibility of differences of interpretation. The rescue agreement has been criticized for being vague, particularly in terms of the definition of the saved and the definition of what constitutes a spacecraft and its components. The agreement also does not take into account the cost of a rescue mission. The bailout agreement stipulates that the state of departure must bear the costs of rescuing a boat that crashes into the territory of another state. However, the cost of rescuing astronauts is not mentioned in the agreement.
In the event that a space object or its parts land on the territory of another contracting country, the state in which the object lands (at the request of the original entity) is required to recover the space object and return it to the original authority. The rescue contract stipulates that the launch state must then compensate the state for the costs associated with the restoration and restitution of the space object.