ASIANS-EXPRESS RENTAL AGREEMENT
This Agreement is made on this _________________ Between
_________________ (hereinafter referred to as the “Shop”) and XXX
(hereinafter referred to as the “client”) together referred to as “parties.”
WHEREAS the shop has agreed to rent out shelf space (hereinafter referred to as
the “SHELF SPACE”), and the Client has agreed to rent the shelf space to display
and sell as hereinbelow described and be bound by the following terms of the sale of
the Client’s products.
Product.
Parties herein agree that the shelf space being offered is shelf space that belongs to
the shop, and the items on display and for sale are sushi, sashimi, and Asian food
that belong to the Client.
Term.
Parties agree that the term of this Agreement shall be for a period of __________.
Sale Price and Compensation.
The parties herein agree that in consideration of the shop offering the shelf space,
the Client will pay the shop 30% of the net profit made on sales of the items placed
in the store by the Client.
Parties agree that the Client will process the transactions of their products through
their system and will be responsible for paying the shop their share within
_________ days of the successful payment processing following the sale.
Delivery.
The Client shall make all the necessary arrangements and plans for delivering the
items to the shop.
Records.
Parties agree that after seven days, the client will provide the shop with the
information about any new products the client intends to place on the shelf space,
such as the purchase price, amount, or the selling price.
8. Promotions.
The parties herein agree that any item promotions put in place by either business will
not be applied to the items owned by the other business without the Consent of both
parties.
If both parties agree to share the promotion to make the store widely known, both
parties will decide on the time of the sale. When that period ends, those items will
return to their regular list price in the shop until a new promotion is presented to and
agreed upon by both parties.
9. Dispute Resolution.
In case of any dispute or conflict that arises from the non-performance of the terms
in this Agreement, parties mutually agree to negotiate and resolve the dispute. If the
same fails, it shall be referred to a single arbitrator, whose decision shall be binding
and final.
Termination
If either party wants to terminate this Agreement, they must give the other party a 30-
day’ prior written notice (unless both parties agree at that time not to have the 30
days). During those 30 days, all the Client’s Products will remain on the shelf space
and be sold following the same agreement guidelines. At the end of the 30 days, if
either party wishes to remove the Client’s products, they will be removed, and the
Agreement will officially be terminated.
10. Intellectual Property.
The parties agree that every party’s brand/property is their respective intellectual
property, and no transfer of ownership shall be construed from the terms and
obligations under this Agreement.
Subject to the above, both parties agree to include each other’s logo and branding in
their promotions to increase the customer base for both businesses.
Severability.
Suppose a provision of this Agreement is found by a court of competent jurisdiction
to be invalid and unenforceable. It will be severed from the Agreement, and the other
provisions will continue and not be affected.
Expenses.
Each party shall bear its costs in fulfilling this Agreement’s terms.
Governing Law.
The terms of this Agreement will be governed by the Laws of _______________.
Waiver.
A waiver by any of the parties herein of their rights in this Agreement does not infer a
further waiver of that right or any other right in this Agreement.
Entire Agreement.
The terms and obligations in this Agreement shall be construed as the entire
Agreement between the parties in relation to the subject herein.
IN WITNESS WHEREOF, the parties have signed this Agreement on the date
indicated hereinbelow.
By _______________________; –
Designation:
______________________________
Signature:
________________________________
Date:
____________________________________
Email Address:
____________________________
By XXX; –
Designation:
____________________________
Signature:
______________________________
Date:
__________________________________
Email Address:
__________________________
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