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Storage Agreement Template for Singapore

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Key Requirements PROMPT example:

Storage Agreement

"I need a Storage Agreement for my warehouse facility in Singapore that will be renting out temperature-controlled storage units to food businesses, with specific clauses about health and safety compliance and monthly payment terms starting from March 2025."

Document background
The Storage Agreement is a vital contract used when parties need to establish clear terms for storing goods or items in Singapore. This document is essential for businesses providing or utilizing storage facilities, ensuring compliance with Singapore's regulatory framework including the Warehouse Regulations and Fire Safety Act. The Storage Agreement covers crucial elements such as space allocation, access protocols, security measures, insurance requirements, and payment terms, while protecting both parties' interests under Singapore law.
Suggested Sections

1. Parties: Identification and details of the storage provider and customer

2. Background: Context of the agreement and brief description of the storage arrangement

3. Definitions: Key terms used throughout the agreement

4. Storage Services: Description of storage space, location, and services provided

5. Term and Termination: Duration of agreement and termination conditions

6. Fees and Payment: Payment terms, rates, and billing procedures

7. Access and Security: Rules regarding access to stored items and security measures

8. Liability and Insurance: Risk allocation and insurance requirements

Optional Sections

1. Prohibited Items: List of items not permitted for storage - used when specific items are prohibited due to safety or regulatory requirements

2. Environmental Controls: Specific temperature or humidity requirements - used for climate-controlled storage facilities

3. Additional Services: Extra services like packaging or transport - used when offering services beyond basic storage

Suggested Schedules

1. Schedule 1: Storage Space Details: Specific details of storage unit(s), including size and location

2. Schedule 2: Fee Schedule: Detailed breakdown of storage fees and additional charges

3. Schedule 3: Operating Hours: Facility access times and special arrangements

4. Appendix A: Facility Rules: Detailed rules and regulations for using the storage facility

5. Appendix B: Insurance Requirements: Specific insurance requirements and coverage details

Authors

Alex Denne

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

Relevant legal definitions



























Clauses






























Industries

Contract Act 1872 (Chapter 53): Primary legislation governing contract formation, execution, and enforcement in Singapore

Unfair Contract Terms Act (Chapter 396): Regulates unfair terms in contracts and limits the extent to which liability can be excluded in contracts

Warehouse Regulations (Customs Act Chapter 70): Regulations governing the operation and management of warehouses and storage facilities under Singapore Customs control

Fire Safety Act (Chapter 109A): Stipulates safety requirements and standards for storage facilities to prevent and manage fire hazards

Hazardous Waste Act: Controls the export, import, and transit of hazardous materials in storage facilities

Civil Law Act (Chapter 43): Contains property-related provisions relevant to storage agreements and facilities

State Lands Act (Chapter 314): Relevant for storage facilities operating on state-owned land

Land Titles Act (Chapter 157): Governs property ownership and titles, relevant for storage facility premises

Consumer Protection (Fair Trading) Act: Protects consumer interests in storage agreements and services

Insurance Act (Chapter 142): Regulates insurance requirements and coverage for storage facilities and stored goods

Limitation Act (Chapter 163): Sets time limits for making claims related to storage agreements and disputes

Environmental Protection and Management Act: Environmental regulations for storage facilities, particularly those handling hazardous materials

Environmental Public Health Act: Ensures storage facilities maintain proper health and sanitation standards

Personal Data Protection Act 2012: Governs the collection, use, and storage of personal data in storage agreements and facility operations

Cybersecurity Act 2018: Relevant for digital systems used in storage facility management and security

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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