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Storage Licence Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Storage Licence Agreement is essential for businesses and individuals requiring secure storage solutions in Malaysia. This document establishes the legal framework for storage space usage, addressing the growing demand for flexible storage solutions across various industries. The agreement is particularly relevant in Malaysia's dynamic business environment, where rapid urbanization and e-commerce growth have increased the need for professional storage facilities. It comprehensively covers operational, financial, and legal aspects of storage arrangements while ensuring compliance with Malaysian regulations, including state-specific storage facility requirements, safety standards, and property laws. The document is designed to protect both the facility operator's and user's interests through clear terms and conditions, risk allocation, and dispute resolution mechanisms.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses




























Relevant Industries

Logistics and Transportation

Retail

Manufacturing

E-commerce

Real Estate

Construction

Agriculture

Pharmaceuticals

Electronics

Document Storage

Art and Antiquities

Consumer Goods

Industrial Storage

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Logistics

Procurement

Risk Management

Real Estate

Supply Chain

Compliance

Business Development

Administrative Services

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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