WAREHOUSING / STORAGE AGREEMENT
This Agreement is made on [Effective Date] between [Warehouse Operator Name] and [Customer Name].
1. Parties. This Warehousing / Storage Agreement is made between [Warehouse Operator Name], of [Operator Address], GSTIN [Operator GSTIN] (the "Operator"), and [Customer Name], of [Customer Address] (the "Customer"), together the "Parties".
2. Scope of Services. The Operator shall provide storage of the Customer's goods at the warehouse located at [Warehouse Address], including receipt, stacking, inventory management, handling and dispatch as described in Schedule A.
3. Term. This Agreement is effective from [Effective Date] for [Number] years, renewable by mutual consent.
4. Charges, Payment and GST. The Customer shall pay storage and handling charges of Rs. [Amount] per [pallet / sq.ft / month] as per Schedule A, exclusive of GST, charged at the applicable rate on a valid tax invoice. Payment is due within [Number] days of invoice. TDS shall be deducted as per law.
5. Obligations and Liability. The Operator shall store the goods safely, maintain the warehouse in good condition, keep accurate records, and permit the Customer reasonable access. The Operator shall exercise the care of a bailee under the Indian Contract Act, 1872. The Customer shall provide accurate stock details and ensure goods are properly packed and lawful.
6. Insurance. The Customer shall insure the stored goods unless otherwise agreed; the Operator shall insure the warehouse structure and its own liability.
7. Confidentiality. Each Party shall keep confidential the other's inventory and commercial information.
8. Indemnity. The Operator shall indemnify the Customer against loss or damage caused by its negligence, subject to agreed limits; the Customer shall indemnify against unlawful, hazardous or mis-declared goods.
9. Termination. Either Party may terminate on [Number] days notice, or immediately for material breach uncured within [Number] days. On termination the Customer shall remove its goods and settle outstanding charges.
10. Governing Law, Jurisdiction and Arbitration. This Agreement is governed by the laws of India, subject to the exclusive jurisdiction of the courts at [City]. Disputes shall be referred to a sole arbitrator under the Arbitration and Conciliation Act, 1996, seated at [City], in English.
For [Warehouse Operator Name]
Authorised Signatory
For [Customer Name]
Authorised Signatory