Inventory Counting Sheet

INVENTORY COUNTING SHEET AND SERVICES AGREEMENT

Parties

Client Name:

Service Provider Name:

Recitals

WHEREAS, Client maintains inventory at the location(s) identified herein and requires a physical inventory count to establish quantities for its records and financial reporting; and

WHEREAS, Service Provider represents that it has the experience and personnel necessary to perform a physical inventory count in accordance with accepted industry practice and the procedures set forth in this Agreement; and

WHEREAS, the parties desire to document the inventory counts and the terms under which the counting services will be performed.

Scope of Work

Service Provider shall perform a physical count of inventory items located at the following location(s): . The detailed procedures, counting methodology, reconciliation process, and sample handling are described below.

Counting Methodology: Service Provider will count items using two-person count teams for high-value items, use tag-and-scan or manual count sheets as agreed, and reconcile discrepancies against Client records. Discrepancies exceeding units or % by value will be documented and reported.

Inventory Count

Record each counted item below. Enter beginning quantity from Client records, counted quantity observed, and note variance. Attach additional sheets if necessary and initial each additional page.

Certification of Counters

By signing below, the individuals performing the count certify that the counts entered on this sheet were conducted in accordance with the agreed methodology, were recorded contemporaneously, and are true and correct to the best of their knowledge. Counters must initial any adjustments made after the initial count and provide an explanation in the Remarks column.

Payment Terms

Fee for Services: $ (USD). Payment shall be due as follows:

Late Payment: Any undisputed amount not paid within days after invoice is subject to interest at % per month or the maximum permitted by law, plus any reasonable collection costs.

Term and Termination

Term Commencement Date: . Term Expiration Date: .

Either party may terminate this Agreement for convenience upon days' prior written notice. Either party may terminate immediately for material breach that remains uncured for days following written notice.

Confidentiality

Each party shall hold confidential and not disclose any nonpublic information obtained in connection with the inventory count, including item quantities, costs, and proprietary processes, except as required by law or with prior written consent. Confidential information shall be used solely for the purposes of performing this Agreement. Reasonable safeguards consistent with industry practice shall be maintained to prevent unauthorized disclosure.

Limitation of Liability

Except for damages resulting from willful misconduct or gross negligence, Service Provider's liability for any claim arising out of or related to this Agreement is limited to direct damages not to exceed the total fees paid by Client under this Agreement for the counting engagement. Neither party shall be liable for incidental, consequential, or punitive damages.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state identified by the parties: , excluding its conflicts of law rules.

Entire Agreement

This instrument constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals, and understandings, whether written or oral. Any amendment must be in writing and signed by both parties.

Acknowledgment

By checking the box below, the undersigned acknowledges that the inventory counts recorded on this sheet are accurate to the best of their knowledge and that any known exceptions have been documented.

I acknowledge and certify the counts and procedures documented herein.

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