custody contract

Acquisition and Storage Contract

This Acquisition and Storage Contract (hereinafter referred to as “Contract”) is made and entered into by and between [List the Seller], of [Street Address, City, State/Province, Country], (hereinafter referred to as “Seller”) and [List the Buyer], of [Street Address, City, State/Province, Country], (hereinafter referred to as “Buyer”) on [Date of Agreement].

WHEREAS, Seller is in the business of selling [List items], (hereinafter referred to as “Goods”), and

WHEREAS, Buyer is in the business of purchasing Goods,

WHEREAS, Seller desires to transfer ownership of said Goods to Buyer in exchange for full payment, and

WHEREAS, Buyer desires to purchase said Goods and store them,

Now, therefore, in consideration of the mutual covenants and promises set forth herein by and between the Parties, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

Section 1: Acquisition of Goods

(a) Seller will provide to Buyer Goods pursuant to the terms and conditions of this Contract.

(b) Buyer agrees to purchase said Goods from Seller according to the terms and conditions set forth herein.

(c) Seller hereby delivers to Buyer title of the Goods pursuant to this Contract.

Section 2: Payment for Goods

(a) Buyer shall make full payment for the Goods prior to delivery.

(b) Payment shall be made in lawful money of the United States of America.

(c) Buyer shall pay all taxes, duties, fees, etc. associated with the delivery of Goods.

Section 3: Storage of Goods

(a) Buyer agrees to take responsibility for all Goods purchased and to securely store said Goods in a safe and secure location.

(b) Buyer shall not use the Goods in any way without the express written consent of Seller.

(c) Buyer shall not permit any third party to access the Goods without the express written consent of Seller.

(d) Buyer further agrees to inspect the Goods on a regular basis and ensure that they remain in good and proper condition.

(e) Buyer shall bear all risks associated with the storage and custody of the Goods.

Section 4: Termination of Contract

(a) This Contract shall terminate upon full payment of all Goods by Buyer.

(b) Upon termination of this Contract, all of Seller’s rights and obligations shall be extinguished.

(c) Upon termination of this Contract, all title and interest in the Goods shall transfer from Seller to Buyer.

IN WITNESS WHEREOF, the Parties have hereunto executed this Acquisition and Storage Contract as of the day and year first above written.

Seller: ________________________________

Buyer: ________________________________

Storage Contract

This Storage Contract (the “Contract”) is entered into and made effective as of _____________, 20__, by and between ____________________, (“Owner”) and ___________________ (“Storer”).

Owner and Storer agree to the following:

1. Storage Space. Owner agrees to provide Storager with _______________ (“Stored Goods”) for storage, in accordance with the terms of this Contract.

2. Terms of Storage. Owner agrees to store the Stored Goods in a secure environment. Storer agrees to pay Owner $___________ per month for storage. Payment shall be due on the _______ day of each month. In the event of Storers failure to pay the monthly fee, Owner is granted the right to immediately remove the Stored Goods from their premises.

3. Insurance. Storer agrees to maintain adequate insurance on all Stored Goods. Owner shall not be held liable for any loss, damage, or destruction of the Stored Goods.

4. Termination. This Contract shall remain in force until terminated by either Owner or Storer. Either party may terminate this Contract at any time, by providing written notice to the other party at least fourteen (14) days in advance of termination.

5. Miscellaneous. This Contract constitutes the entire understanding between Owner and Storer and may not be modified or amended except by written agreement signed by both parties. This Contract shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns.

IN WITNESS WHEREOF, the parties have entered into this Storage Contract on the date first written above.

Owner:

Storer: