Storage License Agreement Template for India

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Key Requirements PROMPT example:

Storage License Agreement

"I need a Storage License Agreement for my warehouse facility in Mumbai, where I'll be licensing storage space to a pharmaceutical company for storing medical supplies starting March 2025, with specific requirements for temperature control and 24/7 access."

Document background
The Storage License Agreement serves as a critical legal instrument for businesses and individuals requiring secure storage solutions in India. This document is essential when a party (licensor) grants another party (licensee) the right to use specific storage space within a facility for a defined period and purpose. The agreement encompasses crucial elements such as space specifications, access protocols, fee structures, and operational guidelines, while ensuring compliance with Indian legal requirements including the Indian Contract Act, 1872, and relevant storage regulations. It's particularly valuable for commercial storage arrangements, warehousing operations, and self-storage facilities, providing necessary legal protection and operational clarity for all parties involved. The document addresses key aspects such as liability allocation, insurance requirements, and maintenance responsibilities, making it suitable for various storage needs from commercial goods to personal items.
Suggested Sections

1. Parties: Identification of the licensor (facility owner/operator) and licensee (storage space user) with complete details

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

3. Definitions: Key terms used throughout the agreement including 'Storage Space', 'Common Areas', 'Permitted Use', etc.

4. Grant of License: Specific terms of the storage space license, including location, size, and access rights

5. Term and Termination: Duration of the agreement, renewal options, and termination conditions

6. License Fee and Deposits: Payment terms, security deposit, utilities charges, and other applicable fees

7. Permitted Use: Specified allowed uses of the storage space and restrictions on storage of prohibited items

8. Access and Security: Rules regarding access hours, security procedures, and key/access card provisions

9. Maintenance and Repairs: Responsibilities for maintenance of the storage space and common areas

10. Compliance with Laws: Obligation to comply with applicable laws and regulations

11. Insurance and Liability: Insurance requirements and allocation of risks between parties

12. Default and Remedies: Events of default and corresponding remedies available to either party

13. General Provisions: Standard boilerplate clauses including notices, governing law, dispute resolution

Optional Sections

1. Environmental Compliance: Required when storing materials that could have environmental impact

2. Temperature Control: Necessary for climate-controlled storage spaces

3. Security Monitoring: For facilities offering enhanced security features or CCTV monitoring

4. Pest Control: Important for food storage or agricultural products

5. Dangerous Goods Handling: Required when allowing storage of hazardous materials

6. 24/7 Access Provisions: For facilities offering round-the-clock access

7. Sublicensing Rights: When sublicensing of storage space is permitted

8. Force Majeure: Detailed provisions for handling unforeseen circumstances

Suggested Schedules

1. Schedule 1 - Storage Space Plan: Detailed plan showing the licensed storage space and measurements

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

3. Schedule 3 - Facility Rules and Regulations: Operational rules and procedures for using the storage facility

4. Schedule 4 - Permitted and Prohibited Items: Comprehensive list of items that may or may not be stored

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

6. Schedule 6 - Service Level Standards: Standards for maintenance, cleaning, and other services if applicable

7. Appendix A - Access Procedures: Detailed procedures for accessing the facility and storage space

8. Appendix B - Emergency Procedures: Emergency protocols and contact information

Authors

Alex Denne

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

Relevant Industries

Logistics and Warehousing

Retail

Manufacturing

E-commerce

Agriculture

Pharmaceuticals

Construction

Document Storage

Self-Storage

Industrial Storage

Commercial Real Estate

Food and Beverage

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Risk and Compliance

Procurement

Supply Chain

Real Estate

Contract Administration

Business Development

Relevant Roles

Facility Manager

Operations Director

Legal Counsel

Property Manager

Warehouse Manager

Procurement Manager

Contract Administrator

Risk Manager

Compliance Officer

Storage Facility Supervisor

Logistics Manager

Real Estate Manager

Business Development Manager

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

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