Tennessee Warehousing and Distribution Agreement between Warehouseman and Depositor

State:
Multi-State
Control #:
US-0078BG
Format:
Word; 
Rich Text
Instant download

Description

A contract warehouse handles the shipping, receiving and storage of goods on a contract basis. This type of warehouse usually requires a client to commit to services for a particular period of time. The length of time varies, often stated in years rather than months. The fee structure also varies based on transactions; it may be a fixed cost, cost-plus or a combination of both.
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FAQ

A warehousing agreement for the storage of goods for a business customer. A professional warehousing provider agrees to store the customer's goods on a long-term or regular basis. The agreement is drafted to be broadly neutral between the parties.

Contract warehousing can also apply to just part of a warehouse. For example, a company may commit to a contract warehousing arrangement for 30,000 square feet out of a 130,000-square-foot warehouse. The 3PL can use the rest of the empty space for shared warehousing or even other contract arrangements.

A contract warehouse space is different from a public warehouse space in that you will get a guaranteed amount of storage space in it every month.

Lower costs and fees This translates to improved customer satisfaction and cost savings. Entering into a contract warehousing agreement also helps you avoid fees associated with running a warehouse yourself. These fees include facility renovation costs, utilities, maintenance and various others.

A cooperative warehouse is a warehouse owned by multiple organizations or businesses. These companies tend to work closely together and access to the cooperative warehouse can save money for both companies.

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Tennessee Warehousing and Distribution Agreement between Warehouseman and Depositor