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Storage Agreement for India

Storage Agreement Template for India

A comprehensive legal document governed by Indian law that establishes the terms and conditions for the storage of goods between a storage facility provider and a customer. The agreement covers essential aspects such as storage conditions, access rights, liability, insurance requirements, and service standards, while ensuring compliance with relevant Indian legislation including the Indian Contract Act, 1872, and the Warehousing (Development and Regulation) Act, 2007. It defines the responsibilities of both parties, payment terms, operational procedures, and risk allocation, providing a clear framework for the storage relationship.

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Storage Agreement

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What is a Storage Agreement?

The Storage Agreement serves as a crucial legal instrument for businesses and individuals requiring secure storage solutions in India. This document is essential when parties need to establish a formal arrangement for the storage of goods, whether for commercial, industrial, or personal purposes. The agreement, governed by Indian law, particularly the Indian Contract Act, 1872, and the Warehousing (Development and Regulation) Act, 2007, outlines the complete scope of storage services, including space allocation, handling procedures, security measures, and liability provisions. It is commonly used by warehouse operators, logistics companies, and businesses requiring storage facilities, ensuring clear understanding of rights, responsibilities, and operational procedures while maintaining compliance with Indian legal requirements.

What sections should be included in a Storage Agreement?

1. Parties: Identifies and provides full details of the storage provider and the customer, including their registered addresses and company registration numbers if applicable

2. Background: Brief context about the purpose of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Storage Services: Details the core storage services to be provided, including the nature of storage space and basic handling services

5. Term: Specifies the duration of the agreement, including start date and any renewal provisions

6. Charges and Payment: Outlines storage fees, payment terms, payment methods, and late payment consequences

7. Access and Operations: Describes access rights, operating hours, procedures for depositing and retrieving goods

8. Security and Storage Conditions: Specifies security measures and storage conditions to be maintained

9. Customer Obligations: Lists customer responsibilities including proper packaging, prohibited items, and information provision

10. Provider Obligations: Details the storage provider's duties and service standards

11. Insurance and Liability: Outlines insurance requirements and limitations of liability

12. Termination: Specifies termination rights, notice periods, and consequences of termination

13. Confidentiality: Governs the handling of confidential information exchanged between parties

14. Force Majeure: Addresses circumstances beyond parties' control affecting performance

15. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for disputes

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

What sections are optional to include in a Storage Agreement?

1. Special Handling Requirements: Include when storing goods requiring specific temperature, humidity, or handling conditions

2. Value-Added Services: Include when offering additional services like packaging, inventory management, or distribution

3. Dangerous Goods: Include when the facility may handle hazardous materials, specifying compliance requirements

4. Cross-Docking Services: Include when offering temporary storage and immediate redistribution services

5. IT Systems and Inventory Tracking: Include when providing digital inventory management or tracking systems

6. Staff Training and Compliance: Include when specific training or compliance requirements apply to handling stored goods

7. Environmental Controls: Include for temperature-sensitive or environmentally controlled storage

8. Security Protocols: Include when handling high-value items requiring enhanced security measures

What schedules should be included in a Storage Agreement?

1. Schedule 1 - Storage Space Specifications: Detailed description of storage space, including dimensions, location, and specific features

2. Schedule 2 - Fee Schedule: Detailed breakdown of all charges, including storage rates, handling fees, and additional services

3. Schedule 3 - Operating Procedures: Detailed procedures for goods handling, receipt, dispatch, and emergency protocols

4. Schedule 4 - Service Level Agreement: Specific performance metrics and service standards

5. Schedule 5 - Insurance Requirements: Detailed insurance specifications and coverage requirements

6. Appendix A - Prohibited Items List: Comprehensive list of items that cannot be stored in the facility

7. Appendix B - Contact Details: List of key contacts for both parties, including emergency contacts

8. Appendix C - Facility Rules and Regulations: Detailed facility rules, including health and safety requirements

Authors

Alex Denne

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

Jurisdiction

India

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions


















































Clauses

































Relevant Industries

Logistics and Transportation

E-commerce

Retail

Manufacturing

Agriculture

Pharmaceutical

Consumer Goods

Industrial Storage

Cold Chain

Document Storage

Automotive

Electronics

Textile

Food and Beverage

Chemical

Relevant Teams

Legal

Operations

Logistics

Supply Chain

Facilities Management

Risk Management

Procurement

Compliance

Warehouse Operations

Contract Management

Property Management

Business Development

Relevant Roles

Logistics Manager

Warehouse Manager

Operations Director

Supply Chain Manager

Facilities Manager

Legal Counsel

Procurement Manager

Contract Administrator

Risk Manager

Compliance Officer

Storage Facility Supervisor

Inventory Manager

Chief Operations Officer

Business Development Manager

Property 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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