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Storage License Agreement for Malaysia

Storage License Agreement Template for Malaysia

This document is a comprehensive Storage License Agreement governed by Malaysian law, designed to establish and regulate the legal relationship between storage facility providers and their clients. It covers essential aspects such as storage space allocation, access rights, security measures, payment terms, and liability provisions while ensuring compliance with Malaysian storage and property regulations. The agreement incorporates specific requirements under Malaysian legislation, including the Warehouse Keepers Act 1963 and relevant provisions of the Contracts Act 1950, making it suitable for both commercial and personal storage arrangements within Malaysia.

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What is a Storage License Agreement?

The Storage License Agreement serves as the primary legal instrument for establishing storage arrangements in Malaysia, whether for commercial, industrial, or personal use. This document is essential when a party requires secure storage space and a facility owner/operator wishes to grant such usage rights while maintaining proper legal protections. The agreement encompasses crucial elements such as space allocation, payment terms, access rights, security measures, and risk allocation, all while ensuring compliance with Malaysian legal requirements including the Warehouse Keepers Act 1963, Contracts Act 1950, and relevant safety regulations. It's particularly relevant in today's growing storage industry, where clear legal frameworks are necessary to protect both facility operators and clients.

What sections should be included in a Storage License Agreement?

1. Parties: Identification of the licensor (storage facility owner/operator) and licensee (customer), including full legal names and registration details

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 unit number, size, and location

5. Term and Renewal: Duration of the license agreement and provisions for renewal

6. License Fees and Payment: Payment terms, amounts, due dates, and payment methods

7. Security Deposit: Details of security deposit requirements, terms of holding, and conditions for refund

8. Use of Storage Space: Permitted uses, restrictions, and prohibited items

9. Access and Security: Access hours, security measures, and access procedures

10. Maintenance and Repairs: Responsibilities for maintenance of the storage space

11. Risk and Insurance: Risk allocation, insurance requirements, and liability provisions

12. Termination: Grounds for termination, notice requirements, and consequences

13. Governing Law: Specification of Malaysian law as governing law and jurisdiction

What sections are optional to include in a Storage License Agreement?

1. Additional Services: Details of any additional services offered such as climate control, packaging, or transportation

2. Security Systems: Detailed provisions regarding security systems when enhanced security measures are required

3. Dangerous Goods: Special provisions for storage of dangerous or regulated goods, if permitted

4. Force Majeure: Provisions for unforeseen circumstances affecting the storage facility

5. Assignment and Subletting: Provisions regarding transfer of rights or subletting, if allowed

6. Pest Control: Specific provisions for pest control measures in facilities requiring enhanced cleanliness

7. Environmental Controls: Provisions for temperature and humidity control in climate-controlled units

8. Operating Hours: Detailed provisions regarding operating hours when specific access times are crucial

What schedules should be included in a Storage License Agreement?

1. Schedule 1 - Storage Unit Details: Detailed specification of the storage unit(s), including exact location, dimensions, and features

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, including storage fees, additional service charges, and late payment penalties

3. Schedule 3 - Facility Rules and Regulations: Comprehensive rules and regulations for use of the storage facility

4. Schedule 4 - Prohibited Items List: Detailed list of items prohibited from storage

5. Schedule 5 - Access Procedures: Detailed procedures for accessing the storage facility and individual units

6. Appendix A - Insurance Requirements: Detailed insurance requirements and minimum coverage levels

7. Appendix B - Maintenance Schedule: Schedule of regular maintenance and cleaning procedures

Authors

Alex Denne

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

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

License Agreement

Sector

IP

Cost

Free to use
Relevant legal definitions




























Clauses

























Relevant Industries

Logistics

Retail

E-commerce

Manufacturing

Real Estate

Warehousing

Self-Storage

Commercial Storage

Construction

Document Storage

Industrial Storage

Small Business

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Contract Administration

Risk Management

Client Relations

Security

Compliance

Business Development

Warehouse Operations

Relevant Roles

Facility Manager

Operations Director

Legal Counsel

Property Manager

Contract Administrator

Storage Facility Supervisor

Warehouse Manager

Compliance Officer

Risk Manager

Business Development Manager

Client Relations Manager

Security Manager

Logistics Manager

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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