This Storage Agreement template is designed for use in the Philippines, providing a legally compliant framework for storage arrangements between facility providers and customers. The document is essential when establishing formal storage relationships, whether for commercial warehousing, self-storage facilities, or specialized storage services. It addresses key aspects required under Philippine law, including provisions mandated by the Civil Code of the Philippines, the Warehouse Receipts Law, and relevant consumer protection regulations. The Storage Agreement covers crucial elements such as space specifications, payment terms, access rights, security measures, and liability provisions, while incorporating local business practices and regulatory requirements. It's particularly valuable for businesses offering storage services or entities requiring substantial storage solutions, ensuring clear definition of rights, responsibilities, and operational procedures while maintaining compliance with Philippine legal standards.
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1. Parties: Identification of the storage provider and the customer, including their complete legal names, addresses, and registration details
2. Background: Context of the agreement, including brief description of the storage provider's business and the customer's storage needs
3. Definitions: Definitions of key terms used throughout the agreement
4. Storage Space and Services: Detailed description of the storage space, its location, dimensions, and any specific features or services included
5. Term and Renewal: Duration of the agreement, commencement date, and renewal terms
6. Fees and Payment: Storage fees, payment schedule, late payment penalties, and fee adjustment mechanisms
7. Access and Security: Rules regarding access to stored items, security measures, and operating hours
8. Deposit and Withdrawal: Procedures for depositing and withdrawing stored items
9. Prohibited Items: List of items that cannot be stored in the facility
10. Insurance and Liability: Insurance requirements, liability limitations, and indemnification provisions
11. Maintenance and Inspection: Rights and obligations regarding facility maintenance and inspection of stored items
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. Governing Law: Specification of Philippine law as governing law and jurisdiction details
14. General Provisions: Standard boilerplate clauses including force majeure, notices, and amendments
1. Climate Control: Specific provisions for climate-controlled storage spaces, including temperature and humidity requirements
2. Hazardous Materials: Additional terms and conditions for storing hazardous materials, if permitted
3. Security Deposit: Terms regarding security deposit requirements and refund conditions
4. Insurance by Storage Provider: Details of insurance coverage provided by the storage facility, if any
5. Electronic Access Systems: Provisions regarding electronic access cards, monitoring systems, and related security measures
6. Value Declaration: Procedures for declaring value of stored items and related liability implications
7. Subletting and Assignment: Terms regarding the customer's right to sublet or assign storage space
8. Business Hours Services: Special provisions for access and services during and outside business hours
1. Schedule 1: Storage Space Specifications: Detailed specifications of the storage space including floor plan, dimensions, and specific features
2. Schedule 2: Fee Schedule: Comprehensive breakdown of all fees, charges, and payment terms
3. Schedule 3: Operating Procedures: Detailed procedures for access, security protocols, and handling of stored items
4. Schedule 4: Insurance Requirements: Specific insurance requirements and coverage details
5. Schedule 5: Facility Rules and Regulations: Complete list of facility rules, regulations, and prohibited activities
6. Appendix A: Storage Space Layout: Floor plan and layout drawings of the storage space
7. Appendix B: Identification and Access Forms: Forms for authorized persons and access card registration
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