Service Agreement
This Service Agreement (“Agreement”) is made between [Client / Company] (hereinafter referred to as "Client") and [StoreX] (hereinafter referred to as "StoreX") By requesting storage services from StoreX, the Client agrees to the following conditions:
1. Storage Details
Storage Volume: The storage volume will be determined based on the exact cubic metres (m³) calculated after the items have been measured. The storage period will commence on the date of this agreement’s signature, with extensions available on a monthly or quarterly basis.
2. Storage Rental Costs
Storage Rate
The rate of [exact agreed rate] of € Euro per cubic metre will be agreed upon and will be fixed for the initial 3-month period. This rate is based on an upfront payment for the entire initial 3-month storage period. The agreed rate will apply from the date the items are taken into storage.
Storage Handling
Upon entry of items into storage, a handling charge will apply. This fee covers the palletisation, stacking, and shrink-wrapping of the Client’s items within the facility. A similar retrieval charge of will apply upon the withdrawal of items from storage, covering handling, loading, and re-palletization, if necessary.
Date Extension
If the Client extends the storage period while maintaining the same storage volume, the Client agrees to pay the monthly storage rental costs at the same rate per cubic metre per month as specified in the initial invoice.
3. Notice Period for Withdrawal of Stored Items
The Client must provide a minimum of three (3) days' notice to StoreX for the withdrawal of any stored items. Any transportation costs, if requested, will be calculated and communicated to the Client upon receipt of such notice.
4. Late Payment Fee
A late payment fee of one Euro (€1) per day for every ten (10) cubic metres of stored items , with a minimum charge of 1 euro per day for volumes below 10 cubic metres) may be applied to invoices not paid by their due date, as indicated on the invoice.
5. Overdue Invoices
If an invoice remains unpaid for a period exceeding three (3) months, the Client will be contacted to either repay the overdue balance or arrange for a repayment plan. If no response is received from the Client and the balance remains unpaid, StoreX reserves the right to initiate legal action to recover the outstanding balance and will lose possession of your items unless action is taken.
Suspension of Retrieval for Overdue Balances
If the Client has overdue balances, the retrieval of items from storage will be suspended until all outstanding amounts are paid in full.
6. Liability and Insurance
StoreX is not liable for any damages to the Client’s items during or resulting from transit, handling, loading/unloading, or delivery by third-party transportation services.
StoreX is not liable for any loss or damage to items while they are in storage or during local or international transit.
The Client may opt for optional in-storage insurance protection, which is available at an additional cost of €2.50 per €1,000 of declared value.
9. Proper Packaging Requirement
Items that are not properly or professionally packaged will not be accepted into storage. If repackaging is required, a fee will be charged to ensure safe storage.
10. Prohibited and Restricted Items
StoreX does not handle items that are illegal, such as narcotics, contraband, or prohibited goods. StoreX is not responsible for such items if found in storage or during transit.
Perishable items (such as food) and hazardous items (like explosives, flammable materials) are strictly prohibited from storage.
11. Inspections of Items
The Client acknowledges that items stored with StoreX may be subject to spot inspections, especially during international transit, to verify their nature.
12. Internal Security
StoreX will ensure that the storage facility is secure, locked, and safeguarded at all times to protect stored items.
13. Modification of Terms
StoreX may modify these terms from time to time. The Client will be notified of any changes, and unless objected to within thirty (30) days, the Client will be deemed to have accepted the modifications.
14. Confidentiality
Both parties agree to keep the terms of this Agreement and any pricing information confidential, except as required by law or necessary to disclose to attorneys, accountants, or business advisors.