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Storage Licence Agreement
"I need a Storage Licence Agreement for my retail company to store excess inventory in a warehouse facility in Kuala Lumpur, starting from March 2025, with 24/7 access rights and specific security requirements for high-value merchandise."
1. Parties: Identification of the licensor (storage facility owner/operator) and licensee (storage user) with full legal names and addresses
2. Background: Context of the agreement including brief description of the storage facility and purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Specific details of the storage space being licensed, including location, size, and permitted use
5. Term and Renewal: Duration of the license agreement and provisions for renewal or extension
6. License Fee and Payment Terms: Financial terms including fee amount, payment schedule, late payment consequences, and security deposit requirements
7. Access and Security: Rules regarding access to the storage space, operating hours, security measures, and access protocols
8. Use Restrictions: Limitations on use of the storage space and list of prohibited items/activities
9. Maintenance and Repairs: Responsibilities for maintaining the storage space and procedure for reporting/addressing repairs
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Termination: Grounds for termination, notice requirements, and consequences of termination
12. General Provisions: Standard legal clauses including governing law, notices, assignment, and entire agreement
1. Additional Services: Details of any additional services provided (e.g., climate control, security monitoring) - include when extra services are part of the agreement
2. Dangerous Goods: Specific provisions for handling and storing dangerous or regulated goods - include when such items are permitted
3. Environmental Controls: Requirements for temperature, humidity, or other environmental controls - include for sensitive storage requirements
4. Staff Support: Details of any staffing or assistance provided - include when facility provides handling or management services
5. Sublicensing: Provisions regarding sublicensing rights - include when sublicensing might be permitted
6. Force Majeure: Provisions for unforeseen circumstances - include for longer-term agreements or high-value storage
7. Dispute Resolution: Specific procedures for handling disputes - include for high-value or complex arrangements
1. Schedule 1 - Storage Space Plan: Detailed plan or drawing of the licensed storage space including measurements and location within facility
2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
3. Schedule 3 - Operating Procedures: Specific procedures for accessing and using the storage facility
4. Schedule 4 - Permitted Items List: Comprehensive list of items permitted and prohibited in storage
5. Schedule 5 - Insurance Requirements: Detailed insurance requirements and minimum coverage levels
6. Schedule 6 - Condition Report: Initial condition report of the storage space
7. Appendix A - Access Authorization Form: Template for authorizing additional individuals to access the storage space
Authors
Logistics and Transportation
Retail
Manufacturing
E-commerce
Real Estate
Construction
Agriculture
Pharmaceuticals
Electronics
Document Storage
Art and Antiquities
Consumer Goods
Industrial Storage
Legal
Operations
Facilities Management
Property Management
Logistics
Procurement
Risk Management
Real Estate
Supply Chain
Compliance
Business Development
Administrative Services
Facilities Manager
Operations Director
Legal Counsel
Property Manager
Logistics Manager
Warehouse Supervisor
Procurement Manager
Contract Administrator
Risk Manager
Real Estate Manager
Supply Chain Manager
Compliance Officer
Business Development Manager
Storage Facility Coordinator
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