WAREHOUSE STORAGE CONTRACT
This Contract (“Contract”) is entered into as of ______________ (“Effective Date”), between _______________________ (“Storage Provider”) and _______________________ (“Storage Client”) (each a “Party”, and collectively, the “Parties”).
RECITALS
WHEREAS, Storage Provider has facilities and resources to provide storage services;
WHEREAS, Storage Client desires to store certain items and receive Storage Provider’s services;
WHEREAS, the Parties recognize the need for Storage Provider to provide Storage Client with warehouse storage services; and
WHEREAS, the Parties desire to establish the terms by which Storage Provider shall provide Storage Client with such services.
NOW THEREFORE, in consideration of the seriousness, the mutual conditions and guarantees contained herein, the Parties agree as follows:
1. Definitions
In this Contract, the following words and phrases shall have the following meanings:
• “Storage” means the process of receiving and providing facility services through the warehouse and/or equipment of Storage Provider that are designed to adequately store and secure the items for Storage Client.
• “Items” means all items that are stored by Storage Provider on behalf of Storage Client.
• “Location of Storage” means the physical address or addresses where the Storage Services will be performed.
2. Services
Storage Provider agrees to provide Storage Client with the following services:
• Receipt and inspection of Items;
• Storage of Items and adequate security measures to protect Items;
• Any additional services requested by Storage Client that Storage Provider agrees to provide, either expressly or impliedly; and
• De-storage and final delivery of Items to Storage Client or third parties as designated or authorized in writing by Storage Client.
3. Term
This Contract and the Services provided by Storage Provider to Storage Client shall commence on the Effective Date and shall remain in effect until the earlier of the following events:
(i) Storage Client pays in full all fees, including storage fees, due Storage Provider; or
(ii) All Items have been delivered to Storage Client or third parties as designated or authorized in writing by Storage Client.
4. Fees
The fees for Services provided by Storage Provider shall be paid by Storage Client as follows:
• Storage fees, which shall be paid in advance, monthly, or as per the Terms of Payment mutually agreed upon by the Parties, in accordance with the schedule set forth in the Agreement;
• Any additional fees as mutually agreed upon by the Parties; and
• Any taxes due, which shall be paid by Storage Client.
5. Liability
Storage Provider shall not be liable for any damages resulting from fire, natural disasters, theft, loss or damage of any kind to the Items or the facilities in which the Items are stored unless such has been caused by Storage Provider’s gross negligence.
6. Ownership of Items
Storage Client represents and warrants that they are the sole owner of the Items stored by Storage Provider. Storage Provider shall not be liable for any claims, damages, or liabilities that may arise on behalf of third parties with situation to Storage Client’s ownership of the Items.
7. Termination
Either Party may terminate this Contract without cause, for any reason, or for no reason, by giving prior written notice to the other Party of at least thirty (30) days in advance.
8. Miscellaneous
This Contract shall be governed and interpreted in accordance with the internal laws of_______________, without regard to any conflict-of-laws principles. Any disputes between the Parties shall be brought before a court of competent jurisdiction in ___________ and each Party agrees to submit to the jurisdiction of said court.
IN WITNESS WHEREOF, the Parties hereto have executed this Contract on the date and year first above written.
Signature:___________________________
Name: ___________________________
Signature:___________________________
Name: ___________________________
