Inventory Stocking Document

INVENTORY STOCKING DOCUMENT

This Inventory Stocking Document (the Agreement) is made effective as of by and between Supplier Name: and Client Name: .

WHEREAS

WHEREAS, Supplier maintains inventories of goods for sale or distribution and offers stocking services to place designated inventory at Client's designated storage locations; and

WHEREAS, Client desires Supplier to stock, store, and manage inventory items at the Client location identified below under the terms set forth in this Agreement; and

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows.

Scope of Work

Supplier shall stock and maintain the inventory items listed in the Inventory Schedule below at the location specified by Client. Supplier's responsibilities include receipt, inspection, proper storage, periodic reconciliation, and issuance of goods to Client or Client's authorized designees in accordance with the schedule and procedures set out herein.

Inventory Schedule and Itemization

The following items are to be received and stocked by Supplier. Quantities, unit costs, and total values shall be used for inventory valuation and billing purposes. Supplier will record lot numbers, expiration dates, or serial numbers where applicable.

Payment Terms

Client shall pay Supplier for stocking and inventory management services in accordance with the fee schedule set forth below. Fees shall be due in accordance with the invoice schedule and are non-refundable unless otherwise stated in writing.

Late payment will incur a late fee of on the overdue balance, compounded monthly, plus recovery costs and collection fees.

Term and Termination

This Agreement shall commence on the Start Date below and continue until the End Date below unless earlier terminated in accordance with this Agreement.

Start Date:    End Date:

Either party may terminate this Agreement for convenience upon written notice to the other party provided at least days prior to the effective termination date. Termination for material breach may be immediate if the breaching party fails to cure within 10 days of written notice.

Confidentiality

Each party shall keep confidential and not disclose the other party's Confidential Information, including pricing, inventory levels, customer data, and proprietary stocking procedures, except as required by law. Confidentiality obligations shall survive termination of this Agreement for a period of years.

Acceptance, Inspection, Insurance

Supplier will inspect incoming shipments for visible shortages or damage at receipt. Client or Client's designee shall have the right to inspect inventory within 5 business days of stocking and must provide written notice of any discrepancies. Failure to notify Supplier within the inspection period shall constitute acceptance of the quantities and condition of stocked items.

Supplier will maintain commercial general liability and property insurance adequate to cover loss or damage to inventory while stored, and will provide certificates upon reasonable request. Client's remedies for loss or damage shall be limited to repair, replacement, or the lesser of replacement cost or the insured value of the lost/damaged inventory.

Client requires pre-stocking inspection at arrival

Client accepts inspection upon receipt as per Supplier's standard procedure

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state or jurisdiction where the Warehouse / Location is situated, without regard to conflict of law principles.

Entire Agreement

This Agreement, including any attachments or Inventory Schedules executed by the parties, constitutes the entire agreement between Supplier and Client with respect to the subject matter hereof and supersedes all prior negotiations, representations, and agreements, whether written or oral.

Amendment

No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both parties.

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