Warehouse/Logistics Agreement
Warehouse/Logistics agreements are intended to be used when a company utilizes a third party to store and assist in the distribution of goods. Warehouse/ Logistics agreements establish the terms and conditions of the bailor/ bailee relationship.
The key terms of a warehouse/ logistics agreement include:
a. Services to be performed by the warehouseman;
b. Inventory control and rotation;
c. Ownership and liability peraining goods;
d. Cost of services
e. Term of relationship.