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Storage License Agreement for Singapore

Storage License Agreement Template for Singapore

A Storage License Agreement under Singapore law is a legally binding document that establishes the terms and conditions under which a storage facility operator grants a customer the right to use specified storage space. The agreement incorporates Singapore's strict safety and security regulations, addresses liability and insurance requirements under local law, and includes specific provisions for the handling of prohibited items as per Singapore legislation. It also ensures compliance with the Personal Data Protection Act and relevant property laws.

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Storage License Agreement

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What is a Storage License Agreement?

The Storage License Agreement is essential for businesses operating in Singapore's storage and warehousing sector. This document is used when a storage facility operator wishes to grant customers access to storage space while maintaining legal compliance with Singapore's regulatory framework. The agreement covers crucial aspects such as space allocation, access rights, permitted uses, insurance requirements, and liability limitations. It incorporates specific provisions required under Singapore law, including compliance with the Warehousing and Storage Act, Fire Safety Act, and other relevant regulations.

What sections should be included in a Storage License Agreement?

1. Parties: Identification of the licensor (storage facility operator) and licensee (customer)

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

3. Definitions: Key terms used throughout the agreement including 'Storage Space', 'Term', 'License Fee', etc.

4. Grant of License: Specific terms of the storage license, including space details and permitted use

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

6. License Fee and Payment Terms: Payment amounts, schedule, and methods

7. Access and Security: Rules regarding access to storage space and security procedures

8. Permitted Items and Restrictions: What can and cannot be stored in the facility

9. Insurance and Liability: Insurance requirements and limitation of liability provisions

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

1. Additional Services: Details of any additional services provided (used when facility offers supplementary services like packaging or transport)

2. Climate Control Provisions: Specific conditions for temperature-controlled storage (used for climate-controlled storage units)

3. Security Deposit: Terms relating to security deposit if required (used when security deposit is required)

4. Electronic Access Systems: Provisions for electronic access cards or systems (used when facility uses electronic access systems)

What schedules should be included in a Storage License Agreement?

1. Schedule 1 - Storage Space Details: Specific details of the licensed storage space including location and dimensions

2. Schedule 2 - Fee Schedule: Detailed breakdown of all applicable fees and charges

3. Schedule 3 - Facility Rules and Regulations: Comprehensive list of facility rules and operating procedures

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

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

6. Appendix B - Access Procedures: Detailed procedures for accessing the facility and storage space

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

Singapore

Publisher

Ƶ

Document Type

License Agreement

Sector

IP

Cost

Free to use
Relevant legal definitions
































Clauses






























Industries

Contract Law (Amendment) Act 2019: Core legislation governing contract formation, enforcement, and remedies in Singapore

Electronic Transactions Act 2010: Regulates electronic transactions and digital signatures in contracts

Unfair Contract Terms Act: Controls the use of unfair terms in contracts and protects against unreasonable exclusion clauses

Warehousing and Storage Act: Specific regulations governing warehousing and storage facilities operations

Fire Safety Act: Ensures compliance with fire safety requirements in storage facilities

Building Control Act: Regulates the construction and maintenance of buildings, including storage facilities

Building Maintenance and Strata Management Act: Governs the maintenance of buildings and common property in strata developments

Workplace Safety and Health Act: Ensures safety standards in workplace environments, including storage facilities

Environmental Public Health Act: Maintains environmental and public health standards in storage facilities

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data

Cybersecurity Act 2018: Regulates cybersecurity standards and protection of critical information infrastructure

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading

Arms and Explosives Act: Regulates the storage of arms, explosives, and related materials

Hazardous Waste Act: Controls the handling and storage of hazardous materials

Environmental Protection and Management Act: Ensures environmental protection standards in storage operations

Insurance Act: Regulates insurance requirements and coverage for storage facilities

Mediation Act 2017: Provides framework for mediation as a dispute resolution mechanism

Arbitration Act: Governs arbitration proceedings for dispute resolution

Supreme Court of Judicature Act: Establishes jurisdiction and powers of Singapore courts in legal proceedings

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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