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Warehousing and Storage · NAICS 493 · Warehousing and Storage Agreement
A warehousing and storage agreement is a critical contract for any public or contract warehouse operator (NAICS 493) and their customers. Unlike a generic logistics agreement, this document addresses the unique risks of storing goods, including liability for loss or damage, handling fees, and the issuance of warehouse receipts. It clarifies the responsibilities of the warehouse operator (such as providing adequate storage conditions and security) and the customer (such as declaring the value of goods and ensuring proper packaging). Whether you are a 3PL provider or a manufacturer storing excess inventory, this agreement helps prevent disputes and sets clear terms for storage, handling, and termination.
Most warehouse agreements limit liability to a set amount per pound (e.g., $0.25 to $0.50) unless the customer declares a higher value and pays additional fees. This is standard in the industry and protects the warehouse from excessive claims.
Yes, but the agreement must specify that hazardous materials are subject to special handling and compliance with OSHA and DOT regulations. The customer must disclose the nature of the goods, and the warehouse may require additional safeguards or reject them if not properly declared.
Typically, either party can terminate with 30-60 days' written notice. The customer must pay all outstanding fees and remove goods within a specified period (e.g., 15 days) after termination, otherwise the warehouse may have a lien and can sell the goods under state law.
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