VENDING MACHINE CONTRACT

VENDING MACHINE CONTRACT

This ​ Vending Machine Contract ​ (hereinafter referred to as the ​ “Contract​ ” ​ ) is entered into as of _______________

by and between;

  1. _________________________of______________________________________________adress (hereinafter referred to as the “Owner”); and
  2. _______________________________,of______________________________________address

(hereinafter referred to as the “Vendor”).

(collectively referred to as the “Parties” or individually as the “Party”) and includes that Party’s successors and assigns.

In consideration of covenants and Contracts contained in this Contract, and other good and valuable consideration, the receipt of which is hereby acknowledged, Parties agree to the following terms and conditions and to be bound thereby:

  1. Purpose: The Owner’s business is located at __________________________________________

(hereinafter referred to as the “Premises”). The specific locations within the Premises are to be mutually agreed upon. The Vendor may place Vending Machines for the sale of the

following items (the “items”) within the Premises of the Owner:

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

  • Term: This Contract shall commence on _______________ , until _______________ (“initial term”). This term shall automatically renew (“renewal term”) unless it is terminated ______________days before the end of the initial term.
  • Grant to Vendor: The Owner agrees that it does not currently, and will not, through the term of this Contract, represent, distribute or promote any other Vending Machines featuring items that compete with the Vendor’s Vending Machines at the Premises. The Owner hereby grants the Vendor exclusive rights to installing and selling the items at the Premises.
  • Ownership: The Owner hereby acknowledges that all rights, title, and interest in the Vending Machines shall at all times remain that of the Vendor, including all monetary profits (except for the Owner’s Payment) concerning the Vending Machines. The Owner shall have no right, title, or interest therein, and the Owner is not authorized to grant any right or license with respect thereto except as expressly stated in this Contract.
  • Maintenance: The Vendor shall maintain the Vending Machines in good working order and regularly maintain and clean them so that they do not detract from the appearance of the Owner’s business Premises.
  • Theft and Damage: The Owner shall take reasonable measures to assure the safety of the Vending machines and the items contained in the Vending Machines. Should there be theft or damage to the items or the Vending Machines, the Owner shall promptly notify the Vendor who reserves the right to remove the Vending Machines without notice and without penalty, loss, or default under this Contract.
  • Limitation of Liability: IN NO EVENT SHALL EITHER PARTY BE LIABLE WITH RESPECT TO ANY SUBJECT MATTER OF THIS CONTRACT FOR LOSS OF PROFITS, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR INCIDENTAL, INDIRECT, SPECIAL, CONSEQUENTIAL, OR OTHER SIMILAR DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY. EXCEPT WITH RESPECT TO A BREACH OF THIS CONTRACT. THE LIABILITY OF EITHER PARTY FOR ANY CLAIM ARISING OUT OF OR IN CONNECTION WITH THIS CONTRACT SHALL NOT EXCEED THE AMOUNT PAID BY THE VENDOR WITH RESPECT TO THE VENDING MACHINES GIVING RISE TO SUCH CLAIM.
  • Indemnity of the Parties: If notified promptly in writing of any action (and all prior claims relating to such action) against either Party based on a claim arising from the Limitation of Warranty, any material breach of this Contract, or the negligence or willful misconduct of either Party, the other Party shall indemnify the other Party and hold the other Party harmless from and against any judgment, damage, liability, or expenses, including reasonable attorney’s fees, arising out of any claim with respect to the breach or alleged breach of such warranty or this Contract or such negligence or willful misconduct; provided that the other Party shall have had sole control of the defense of any such action and all negotiations for its settlement or compromise; and, provided further, that no cost or expense shall be incurred for the account of the other Party without its’ prior written consent.
  • Compensation: ​ The gross sums collected from the Vending Machines’ operation shall be split as follows:

● The Owner shall receive ___________%

● The Vendor shall receive ___________%

  1. Payment: Accountings and payments shall be made on a _________________basis on or before ________________________________________. The Owner or its representative shall be entitled to audit the books and records of the Vendor to determine the accuracy of the accounting. Late payments shall attract a penalty of  _________% interest per month.
  1. Utilities: Any utility service required for the machines shall be installed at the expense of the Owner.
  1. Non-assignment: Neither Party shall transfer or assign this Contract without the other Party’s consent which consent shall not be unreasonably withheld.     
  1. Confidentiality: Any information pertaining to either Party’s business to which the other Party is exposed as a result of the relationship contemplated by this Contract shall be considered to be “Confidential Information.”  Neither Party may disclose any Confidential Information to any person or entity, except as required by law, without the express written consent of the affected Party.
  1. Independent contractor: The relationship of the Parties hereto is that of an independent contractor. Accordingly, the Parties hereto are not deemed agents, partners, or joint venturers of the others for any purpose due to this Contract or the transactions contemplated thereby. The Owner is not required to pay or make any contributions to any social security, local, state, or federal tax, unemployment compensation, workers compensation, insurance premium, profit-sharing, pension, or any other employee benefit for the Vendor during the term. The Vendor is responsible for paying and complying with reporting requirements for all local, state, and federal taxes related to payments made to the Vendor under this Contract. The Vendor hereby agrees that it will not represent to any third party that its engagement by the Owner is in any capacity other than as an independent contractor.
  1. Termination: ​ This Contract may be terminated at any time by either Party with or without cause upon _______________ days written notice to the other Party.
  2. all the items that are currently in the Vending Machines must be sold.
  3. The Vendor will have _______________ days to remove their Vending Machines from the Premises.  The Owner shall be liable to pay to have the Vending Machines removed and they shall also forfeit their percentage for that month as well.
  1. Dispute resolution: Parties agree to settle disputes under this Contract amicably and discretely, but if this fails, the Parties agree to use the following methods: (select one)

☐Negotiation                           ☐Mediation                                 ☐Arbitration                       ☐Litigation

  1. Court Costs and Attorneys’ Fees: In any action under this Contract, the prevailing Party shall be entitled to recover costs of court and reasonable attorneys’ fees from the other Party, which fees shall be in addition to any other relief that may be awarded.
  1. Force Majeure: For this Contract, “Force Majeure” means an event which a diligent party could not have reasonably avoided in the circumstances, which is beyond the control of a party and includes, but is not limited to, war, riots, civil disorder, earthquake, storm, flood or adverse weather conditions, strikes, lockouts or other industrial action, terrorist acts, confiscation or any other action by government agencies. A Party’s failure to fulfill its obligations due to Force Majeure, shall not be considered a breach of this Contract, provided that the Party has taken all reasonable precautions, due care, reasonable alternative measures, and minimal delay all to carry out the terms of this Contract.
  1. Parties’ acknowledgments: The Parties acknowledge that they have been provided with the opportunity to negotiate this Contract and to seek legal counsel before signing this Contract. In addition, they acknowledge that they have the capacity to contract, and they have entered into this Contract freely and voluntarily.
  • Governing Law and Jurisdiction:​ The Parties agree that this Contract shall be governed in all respects by the Laws of the State of __________________.
  • General provisions
  • This Contract may be amended only by the written consent of the Parties hereto.
  • If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision.
  • This Contract constitutes the entire agreement between the Parties. It supersedes all prior oral or written Contracts or understandings between the Parties concerning the subject matter of this Contract. The parties will exercise utmost good faith in this Contract.
  • Unless otherwise provided, failure by either Party to enforce any of the terms or conditions of this Contract shall not be a waiver of their right to enforce the terms and conditions of this Contract.
  • This Contract may be executed in any number of counterparts, each of which shall be an original and all of which shall together constitute the same instrument.
  • The Article and Section headings in this Contract are for convenience, and they form in no part of this Contract and shall not affect its interpretation.
  • Whenever used herein, the singular number shall include the plural, and the plural number shall include the singular
  • .

IN WITNESS WHEREOF, each of the Parties has executed this Contract, as set forth below.

Signed by the duly authorized representative of the OWNER

Signature:                                                                               Name:

Designation:                                                                            Date:

Signed by the duly authorized representative of the VENDOR

Signature:                                                                               Name:

Designation:                                                                            Date:

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )