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.
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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
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)
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
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