I'm at my office and Don't have rule book in front of me. If I have initiative at planet 1 during combat and my opponent fielded a warlord at planet 1 and I did not, does my opponent gain initiative due to having a warlord there and I don't?

Yes. Warlord trumps initiative token.

However, you do not pass the token - he merely strikes first in each combat round.

However, you do not pass the token - he merely strikes first in each combat round.

And gets the first action in player action windows during the combat , too.

However, you do not pass the token - he merely strikes first in each combat round.

And gets the first action in player action windows during the combat , too.

Good catch!