1.                    Definitions

1.1                 The following provisions have effect for the interpretation of this Agreement including the Recitals and Schedules. 

1.2                 The following words and expressions shall, unless the context otherwise requires, have the following meanings:

                “Changes” means any addition, deletion, modification or alteration to the Services, the manner in which the Services are provided, or the performance standards of the Services, as may be mutually agreed in writing by the Partie

“Charges” means the fees as set out in “Annex 2” or “Annex 3”, whichever the case may be, which are payable by the Client to Stashworks for the Services, including such other fees payable by the Client for any Changes as may be mutually agreed in writing by the Parties.

                “Confidential Information” includes, but is not limited to, all information of a business, commercial, technical, financial, computing, personal, marketing or consulting nature relating to the Services and/or the Parties which is deemed to be unique, secret and confidential, and which constitutes the exclusive property or trade secrets of the Parties, regardless of form, format or media including, without limitation, written, oral, or information reduced to tangible form and also includes information communicated or obtained through meetings, documents, correspondence or inspection of tangible items.

 

                  “Goods” means all the Goods of the Client handled by Stashworks in relation to the Services provided by Stashworks to the Client.

 

                “Goods and Services Tax” means the tax chargeable under the Goods and Services Tax Act (Cap. 117A) of Singapore or any equivalent legislation regarding tax on the consumption of goods or services.

 

                “Party” means either the Client or Stashworks as the case may be and “Parties” means the Client and Stashworks collectively.

 

                “Regulatory Authority “means, in relation to Stashworks, any governmental or regulatory body which has the responsibility

                of supervising and/or regulating the logistics industry.

 

  “Services” such Services to be provided by Stashworks as set out in Clause 2 below.
“Warehouse” means the warehouse provided by Stashworks to enable Stashworks to perform the Services.

 

“$” means Singapore Dollars (SGD).

“CBM” means cubic metre.

 

                  “Inbounding” means the process of Stashworks receiving the Goods from the Client.

 

                “VAS” refers to value added services which Stashworks may be required to provide in addition to its Services, including without limitation customs clearance, warehouse kitting, special product handling, integration, and customization, where the provision of VAS be subject to the prior written approval of the Client and the costs of such VAS shall be mutually agreed between the Parties.

 

                 “Packing Supplies” refers to packaging materials which are used for packing of the Goods, including without limitation mailing bag, mailing box, fragile tape, bubble wrap, shrink wrap, and corrugated sheet.

 

                “3PL providers” refers to third party courier partners such as Qxpress, J&T Express, Ninjavan, DHL, FedEx, UPS & others.

 

“Partners” refers to digital forwarding and/or shipment booking platforms such as Easyship, Easyparcel, Shippit & all 3PL providers.

 

 

1.1                Reference to any statute or statutory provision or order or regulation made thereunder include that statute, statutory provision, order, or regulation as amended, modified, re-enacted or replaced from time to time whether before or after the date hereof.

 

1.2                References to persons shall include bodies corporate and unincorporated, association, partnerships and individuals. References to the singular shall include the plural and vice-versa.

 

1.3                References to Recitals, Annexes, Clauses or Schedules are to recitals to, annexes to, clauses of or schedules to this Agreement.

 

1.4                In this Agreement the masculine should include the feminine and neuter and the singular should include the plural and vice versa as the context shall admit or require.

 

1A.           Duration of Agreement

 

1A.1         The Client hereby engages Stashworks to provide, and Stashworks hereby agrees to provide the Services to the Customer for

                  the duration of the Term described in and subject to the terms, condition and provisions set forth in this Agreement and the

                  Annexes and Schedules referenced herein.

 

1A.2         The initial term of this Agreement shall commence with effect from 25th March 2021 (“Effective Date”) and shall continue for Twelve (12) months (“Term”) unless:

(a)             it is extended pursuant to Clause 1A.2; or

(b)            it is terminated pursuant to Clause 10.

 

 

2.             Services

 

2.1           Stashworks shall perform the Services in accordance with the service levels set out in Annex 1.

 

(a)      Receipt of Goods shipments from the Client for fulfillment of third-party (“End-User”) orders from Client;

 

(b)      Storage facilities for the Goods in warehousing facilities (“Warehouse”);

 

(c)       Pick and package the Goods from the available inventory in the Warehouse, and ship such Goods directly to the End-User upon notification by the Client utilizing appropriate Packing Supplies at its discretion unless otherwise specified by the Client;

 

(d)      Upon request by the Client, Stashworks will include a Client packing slip, and/or other Client marketing materials concerning the Goods, to be provided by Client to Stashworks at its Warehouse;

 

(e)      Maintain monthly ledger summaries of all orders shipped and received, available upon request by the Client. Such information shall be maintained on an information system selected by Stashworks;

 

(f)       Facilitate any Goods returns from the End-User to the Client;

 

(g)      In addition to the above described Services, Stashworks may perform any additional services that the Client desires Stashworks to perform as the parties may agree in writing.

 

 

2.2             Stashworks shall furnish all personnel and other ancillary accessories to perform safely and efficiently the Services. The Services shall be performed by Stashworks in a good and workmanlike manner.

 

 

2.3           The Client shall comply with the Statement of Works of the Services as set out in Schedule A.

 

2.4           Either Party may from time to time request Changes to the Services.  No Changes shall be implemented unless and until the scope of the changes and any additional Charges to be paid by the Client arising from the changes have been mutually agreed in writing by the Parties.

 

2A.           Warehouse Operation

 

 

a.        Stashworks shall ensure that the Warehouse is equipped with the basic utilities such as electricity and internet. Stashworks shall be responsible for all operating expenses and fees in connection with the operation of the Warehouse, including rent, utilities, dock doors, seals, common area charges, and property taxes where applicable, unless otherwise agreed to by the Parties.

 

b.        Stashworks warrants that if it is not the lawful owner of the Warehouse, it has received the consent of the owner or landlord of the Warehouse and has the license/approval to use the Warehouse for the purposes of this Agreement. If the owner or landlord of the Warehouse revoke or terminate Stashworks lease to use the Warehouse, then Stashworks must provide the Client with at least three (2) months prior in writing and must use best efforts to provide alternative Warehouses from which Stashworks can provide the Services hereunder and any relocation costs shall be borne by Stashworks.

c.         In the event an alternative Warehouse needs to be provided by Stashworks or change in terms of the lease of the Warehouse, Stashworks shall obtain the prior written consent (which consent shall not be unreasonably withheld or delayed) from the Client at least two (2) months in advance or such other notice periods as may be agreed by the Parties.

 

d.        Facility setup for storage or any other said activities conforms to local regulatory requirements and in accordance with Stashworks facility security setup standard including but not limited to safety and security standards. Any modifications required for compliance to specific Client required safety standards or such other requirements that the Client may require will be charged to the Client at such rates as may be agreed between Stashworks and the Client.

 

2A.1       Client access to Warehouse: Client or its authorised agents shall be permitted to access the Warehouse in which 

       the Client’s Goods are stored for the purposes and on the terms set out below, subject to Client’s or such agent’s 

       compliance with any reasonable procedures implemented in relation to the Warehouse designed to ensure safety, 

       security and efficiency of operations:

 

(i)                    Upon seventy two (72) hours prior written notice to Stashworks, Client or its authorised agents may visit the Warehouse to observe Stashworks conduct of Services (Upon approval from Operation Team); and

 

(ii)                   No more frequently than once per calendar quarter and upon seven (7) business days written notice to Stashworks, Client or its authorised agents may visit the Warehouse for the purpose of conducting a physical inventory count of the Client’s goods located in the Warehouse.

 

(iii)                 The client would be charged minimum manpower per visit.

 

 

 

                  2A.2          Inbound Shipments:

 

(i)             The Client will send shipments to the Warehouse on appropriate clean pallets or as sealed cartons and indicate if they are inbounding by per carton or by per piece, unless specified by the client in writing all inbounding would be by cartons by default. All incoming cartons (palletised or loose) should arrive at the Warehouse sealed. Cartons arriving unsealed will be segregated and placed on hold – these cartons will be released from hold once the Client has verified the quantities of the Goods contained in the cartons. Repalletization charges will be incurred should the pallets received are not in a good condition.

 

                                       (ii)            Stashworks will promptly receive all Goods delivered to the Warehouse. The Goods shall be received in 

                                                        by chronological order by time of delivery. Inbounding takes 1-3 working days, subjected to its complexity.

 

(iv)                 All Goods tendered for storage shall be delivered at the Warehouse in a segregated manner, properly marked, and 

packaged for handling. The Client shall furnish or cause to be furnished to Stashworks, at or prior to such delivery, a manifest showing Goods to be kept and accounted for separately.

 

(v)                   Upon receipt of the Goods, Stashworks shall inspect the outer cartons for visible damages. Stashworks shall        
                    promptly notify the Client of any known discrepancy and/or visible damage on inbound shipments of the cartons and      shall protect the Client’s interest by placing an appropriate notation on the delivering carrier’s shipping documents.                In case of  damage, notice to the Client shall include digital pictures of the damaged cartons. Goods that appear to       be damaged upon receipt will be placed in ‘hold’ status in the Warehouse, pending the Parties’ determination of       extent of damage and resolution.

 

(vi)                 Upon successful Goods receipt, Stashworks shall notify the Client and will update the Warehouse inventory records                 
                    accordingly.

                                                   

                                                                                               

 

                 2A.3           Storage and Inventory Management:

(i)                Stashworks shall not, without the prior written approval of the Client, move the Goods to another location or facility.

 

(ii)                   Stashworks will store all Goods in the Warehouse, where the Warehouse shall meet appropriate security standards.

 

(iii)                 Stashworks shall conduct a full physical inventory count at least once per quarter and ensure that every inventory item is counted during such physical inventory count.

 

(iv)                 Stashworks will notify the Client promptly upon discovery of any damages to the Goods while in the Warehouse.

 

               2A.4            Outbound Packing and Delivery:

 

        (i)             Stashworks will pick Goods from the Warehouse and pack for delivery to the relevant 3PL Provider.

 

(ii)                    Stashworks will prepare the parcel for delivery by the 3PL Providers in a manner designed to prevent loss or damage, consistent with goods industry practice.

 

           

 

3.             Deposit, Charges and Payment

 

3.1           The Client Agrees to pay Stashworks such Charges for the Services in the amounts described and as set out in Annex 2.

 

3.2           A deposit of $500.00 would be required during this Agreement

 

3.3           The deposit would be refunded if all conditions below are met; and/or Stashworks decides to terminate the Agreement:

 

(i)                     Lapsing or expiration of the Term;

 

(ii)                   There is no outstanding payment due and payable by the Client to Stashworks; and

 

(iii)                 The Client no longer wishes to engage Stashworks for any further services upon the expiration of the Term.

 

3.4           All implementation of VAS & use of Packing Supplies would have to be communicated in writing to the Client and accepted by both Parties before proceeding with the implementation and usage, respectively.

 

3.5           Subject to Clause 4.4, Stashworks may at any time review the Charges, and any changes made to the Charges as set out in Annex 2 (“Amended Charges”) shall apply with a 4 weeks’ notice period, where Stashworks shall notify the Client in writing prior to implementing the Amended Charges.

 

3.6           Notwithstanding anything contained herein, Stashworks reserves the right to revise the Charges with prior notice of 1 month in writing provided to the Client and/or in accordance with the notice period provided by the Regulatory Authorities as a result of:

 

i.                      any laws, regulations, directions or procedures imposed by any governmental or regulatory authorities; and/or

 

ii.                    surcharges relating to fuel, security, conveyance costs or any other costs arising from situations beyond the reasonable control of Stashworks.

 

3.7           Stashworks shall prepare and deliver to the Client invoices for the Charges on a monthly basis in arrears.

Such invoices shall state the Charges and Goods and Services Tax payable (where applicable).

 

3.8           The Client shall pay the undisputed Charges stated in the invoice within seven (7) days upon receiving the invoice, failing which the Client shall pay Stashworks interest at the rate of five per cent (5%) or $50.00 per month, subjected to whichever is higher (the “Late Payment Interest’) from the due date until the date of full payment.

 

3.9           Five percent (5%) adminstivative fee would be charged to the total amount if the client opt to pay via credit card or via Paypal. The client would be liable for any banking charges.

 

 

 

4.             Term and Termination

 

4.1           This Agreement shall commence with effect from the date stated on 1A.1 and shall continue for a year basis unless terminated pursuant to this Clause 4.

 

4.2           Either parties may terminate this Agreement at any time by giving at least two (2) month prior written notice. The Client may forfeit its deposit and compensate if the Agreement is not completed due to the Client’s breach or termination of this Agreement pursuant to this Clause 4.

 

4.3          Either Party may forthwith terminate this Agreement in the event that:

 

(a)      There is a material breach of the terms of this Agreement by the defaulting Party and that Party does not remedy such breach within thirty (30) days after that defaulting Party is served with written notice of such breach by the non-defaulting Party;

 

(b)      The other Party ceases to conduct business (either in whole, or as to any part or division involved in the performance of this Agreement) or becomes insolvent, has a receiver, administrative receiver, or administrator appointed of the whole or any part of its assets or business, makes any composition or arrangement with its creditors, takes or suffers any similar action in consequence of debt or an order or resolution is made for its dissolution or liquidation or any equivalent or analogous event or proceeding occurs or is initiated in any jurisdiction.

 

4.4           Obligations upon termination

4.4A         On termination or expiration of this Agreement for any reason:

 

(a)            Where the Warehouse is provided by Stashworks:

(i)             the Client must remove all property belonging to it from the Warehouse;

 

(ii)            Stashworks will return all the Goods and assets of the Client at the Warehouse back to the Client; For Client’s goods, clause 6.3 would apply.

 

            (iii)             In the event the Client prematurely terminates this Agreement prior to expiry of the lease of the Warehouse

                               (the “Expiry Date”), the Client shall be liable for all lease payments or rentals up to the Expiry Date, all service    

charges up to the Expiry Date, all other lease payments for any equipment rental and lease, reinstatement costs and all other associated costs and expenses and all damage Stashworks will suffer arising from such premature termination of the lease of the Warehouse and including but not limited to the lease and the services rendered by Stashworks.

 

(d)            Each party shall return to the other, as soon as reasonably practicable, all physical and electronic copies of Confidential Information of the other, except to the extent the other party requests in writing that such physical or electronic copies be destroyed and/or deleted.

 

(e)            Stashworks and the Client will perform a reconciliation of all equipment provided by the Client. Such equipment shall be returned to the Client in a condition similar when such equipment was first handed to Stashworks by the Client, subject to a reasonable amount of fair wear and tear expected.

 

 (f)            If Stashworks has purchased any equipment (other than customized equipment) during the Term specifically for the provision of the Services to the Client with the prior written approval of the Client, the Client shall purchase or procure a third party to purchase and Stashworks must sell such equipment. In such case the Client or the third party, as the case may be, must pay to Stashworks the net book value of such items of equipment as at the date of termination or expiration of this Agreement, any interest payments and mark-up relating to such equipment and any other charges incurred including but not limited to packaging charges. Payment of such equipment will be made within thirty (30) days of the invoice date or the termination or expiration of this Agreement, whichever is earlier. Upon payment by the Client or the third party, Stashworks will transfer unencumbered ownership of the equipment to the Client or the third party as the case may be. Where there is lease of such equipment, subject to the Client having given prior approval to the terms of the lease and the Client chooses to lease or procure a third party to lease such equipment for the remaining period of the lease, Stashworks must transfer the lease of the equipment to the Client or the third party as the case may be, subject to the consent of the lessor of the equipment. The Client shall at its own costs and expense remove the equipment to its designated premises or engage Stashworks to deliver to such premises as the Client may require the equipment purchased by the Client at such charges as may be agreed between the Client and Stashworks.

 

4.4B         In addition to Clause 4.4A above, other than Stashworks system, in the event of expiry of this Agreement, the Client shall pay Stashworks all costs relating to or in connection with all customized equipment, customized information technology development and intellectual property that has been jointly developed by both parties (and is not developed intellectual property) according to its net book value as at the date of such expiry. Upon payment, Stashworks shall transfer the unencumbered ownership of the customized equipment, customized information technology development and intellectual property that has been jointly developed by both parties to the Client.

 

4.C           In addition to Clause 4.4A of this Agreement, in case of termination of this Agreement by Stashworks pursuant to Clause 4.3 of this Agreement or termination of this Agreement by the Client pursuant to Clause 4.4 of this Agreement:

 

(a)            Stashworks shall always leverage their scale and make best endeavour to redeploy their employees, and reallocate the customized equipment and IT equipment to their operations and minimize the liability for the Client;

 

(b)            the Client will, subject to Clause 4.4C(a) above, reimburse Stashworks the amounts paid in respect of Stashworks legal liabilities for redundancy or severance payments as per applicable laws to Stashworks employees (excluding any managerial employee and/or expatriate employees) in providing the Services, payable by Stashworks; and

 

(c)            save and except for Stashworks system, the Client shall pay to Stashworks all costs relating to or in connection with all customized equipment, customized information technology development and intellectual property that has been jointly developed by both parties (and is not developed intellectual property) according to its net book value as at the date of such termination. Upon payment, Stashworks shall hand over the unencumbered ownership of the customized equipment to the Client.

 

(d)            the Client shall be liable for all lease payments or rentals up to the Expiry Date (if any), all service charges up to the Expiry Date, all other lease payments for any equipment rental and lease (if any), reinstatement costs (if any) and all other associated costs and expenses and all damages that Stashworks may suffer arising from the termination.

 

4.5           In the event a Regulatory Authority directs or instructs or gives guidance that Stashworks should terminate all or part of this Agreement and/or the entering into and/or continuation of this Agreement would cause Stashworks to be in breach of any laws or regulatory requirements or guidance to which it is subject, Stashworks shall be entitled to terminate this Agreement forthwith without entitling the Client to receive any compensation in respect of the termination.

 

4.6           The termination of this Agreement shall not affect any rights or liabilities of any Party which have accrued prior to and including the date of termination.

 

5.             Confidentiality

 

5.1           The Client acknowledges that during the course of the performance of this Agreement, it may have access to Confidential Information of Stashworks or one of its affiliates. 

 

5.2           The Client agrees:

i.                      that it shall use the Confidential Information only in performing or receiving the benefit of this Agreement and not for other purposes, except upon such terms as may be agreed upon in writing by the Parties; 

ii.                    to maintain the confidentiality of the Confidential Information disclosed to it under this Agreement during the term of this Agreement and for 2 years thereafter;

iii.                   to use the same degree of care as it uses with regard to its own confidential information to prevent the disclosure, publication or unauthorized use of the Confidential Information and, in any case, no less than reasonable care; and

iv.                   not to duplicate or copy Confidential Information of the disclosing Party other than to the extent necessary for legitimate business uses in connection with this Agreement;

v.                     to comply promptly with any written request from the disclosing Party to destroy or return any of the Confidential Information or any part thereof (and all copies, summaries and extracts of such Confidential Information or any part thereof) as are then in the receiving Party’s power or possession or control (including without limitation, information incorporated in computer software or held in electronic storage media). In the event of the destruction of the Confidential Information, the receiving Party shall certify in writing to the disclosing Party, within thirty (30) days, that such destruction has been accomplished.  The receiving Party shall make no further use of nor retain such Confidential Information in any form whatsoever.

 

6.                Intellectual Property Rights

6.1.       Client Property: No Confidential Information obtained by Stashworks from the Client shall become the property of Stashworks. All materials provided by the Client shall be deemed “Client Property” for the purposes of this Agreement. The Client grants to Stashworks a non-exclusive, non-assignable, and non-sublicensable licence in the Client Property solely as needed for Stashwork’s performance of its Services and obligations under this Agreement. 

6.2        Stashworks Property: For purposes of this Agreement, “Stashworks Property” shall mean: (a) Stashworks’s methodology for the provision of the Services; (b) intellectual property of any kind and description in which Stashworks has any right, title or interest; and, (b) Stashworks’s Confidential Information.  Stashworks hereby retains all right, title and interest in and to the Stashworks Property.

6.3        Except for rights expressly granted under this Agreement, nothing in this Agreement will function to transfer any of either Party’s intellectual property rights to the other Party, and each Party will retain exclusive interest in and ownership of its intellectual property developed before this Agreement or developed outside the scope of this Agreement.

 

 

 

7.                Title and Risk of Loss; Liability

7.1.       All risk of loss and damage to Goods from any cause prior to receipt by Stashworks into, and from and after the removal by common carrier from, the inventory at Stashworks Warehouse will be borne by Client (or its customer, if applicable).

 

7.1A      Client shall retain title to Goods while under Stashworks’s care, custody or control.

 

7.1B      Liability for Loss or Damage of Goods while in the Warehouse

 

             Stashworks shall be liable to the Client for based on point 7.2 for any Goods lost, damaged, or destroyed while in the Warehouse from any cause after receipt by Stashworks into the inventory at Stashworks Warehouse, including but not limited to the loss due to theft, damage by any third party, destruction or damage due to improper storage or facility collapse or damage from negligent facility construction while in the care of Stashworks up to the agreed upon insured amount.

7.1C      Client shall not hold Stashworks liable if the product was damaged internally in the shipping carton which might have been damaged due to manufacturer defect and/or damaged in transit to the warehouse and there are no signs of forklift damages on the shipping carton.

7.2        Stashworks limits its direct damage liability to fifty percent 50% of the retail selling price based on the commercial invoice for that order or 100% cost price, whichever is lower, caused by the negligence of Stashworks Employees. Stashworks shall not be liable for any loss or damage to the Goods unless the loss or damage resulted from the failure of Stashworks to exercise such care regarding them as a reasonably careful person would exercise under like circumstances with clause with compensation based on clause 9.2.

7.3        Stashworks shall not be liable for any delays, damages or loss of parcels once the parcels have been handed over to a third party.

7.4        Stashworks specifically disclaims liability for any shipping rate errors due to inaccurate or incomplete information provided by the Client, such as dimensions, weight, destination, and courier used. In this sense it is the sole responsibility of the Client to provide accurate shipping information.

 

7.5         Stashworks also reserves the right to refuse, without liability of any kind, acceptance of Goods which may be deemed illegal goods, contain illegal materials, are manufactured illegally or may violate any local, state or federal law, treaty or trade agreement.

 

7.6        Neither Party shall be liable to the other Party in contract, tort (including negligence or breach of statutory duty) or otherwise howsoever and whatever the cause thereof, for any indirect, consequential, collateral, special or incidental loss or damage suffered or incurred by the other Party in connection with this Agreement whether during or after the term of this Agreement. For the purposes of this Agreement, indirect or consequential loss or damage includes, without limitation, loss of revenue, profits, anticipated savings or business, loss of data or goodwill, loss of use or value of any equipment including software, claims of third parties, and all associated and incidental costs and expenses.

7.                 Rejection of Inventory

Stashworks reserves the right to refuse, without liability of any kind, acceptance of Goods, where, because of its condition, might cause, in Stashworks sole reasonable judgment, infestation, contamination or damage to the Warehouse facility or to other goods in the custody of Stashworks. Stashworks also reserves the right to refuse, without liability of any kind, acceptance of Goods which may be deemed illegal goods, contain illegal materials, are manufactured illegally or may violate any local, state or federal law, treaty or trade agreement. Stashworks will notify Client of its refusal to accept any such Goods and the reason for its refusal within 24 hours of such refusal.

8.                  Indemnity and Insurance

8.1        Each Party agrees to indemnify, defend and hold harmless the other Party and its officers, directors, employees and agents from and against any claims, suits, demands, and actions brought against them for defense or indemnification and for all resulting damages, losses, expenses (including reasonable attorney’s fees), settlements, judgments and liabilities that are based upon, result from or arising out of any act, omission or default of any of the first mentioned Party’s obligations hereunder.

8.2        A Party seeking indemnification under this Clause shall promptly notify the other Party of the claim, give the other Party sole control of the defense and settlement of the claim, and provide, at the other Party’s expense for out-of-pocket expenses, the assistance, information, and authority reasonably requested by the other Party in the defense and settlement of the claim.

8.3        Stashworks will provide insurance coverage of up to $200.00 per CBM with a maximum coverage of up to $1,000 per 12 months.  Stashworks shall pay all premiums due in respect of any policy of insurance required to be maintained hereunder and procure that the insurer shall notify the Client in event of any failure by Stashworks to pay any premiums so due. Stashworks shall deliver to the Client a copy of the insurance policy if requested and if the Client determines such cover to be inadequate. The Client can purchase additional or third-party insurance for full coverage.

8.4        Theft: In the event either Party learns of any theft of the Goods in the Warehouse, such Party will notify the other Party within twenty four (24) hours. Stashworks shall investigate the cause and extent of such theft and will notify the Client in writing of its conclusions within five (5) business days after learning of the theft. Such report shall include a statement of the quantity and type of Goods subject to the theft. If in the opinion of the Client, the Client believes that Stashworks has financial liability in relation to the theft of the Goods, the Client shall provide a written notice to Stashworks stating the cost of replacement of the Goods subject to the theft, together with a reasonable documentation supporting such valuation. Stashworks shall pay all undisputed amounts to the Client promptly, capped at the maximum coverage stated on point 8.3.

 

 

8.5           Stashworks also reserves the right to have no liability or involvement for any kind of Goods provided by the Client,  which may be deemed as illegal goods, contain illegal materials, are manufactured illegally or may violate any local, state or federal law, treaty or trade agreement.