SPACE RENTAL CONTRACT
This Contract is made on this _________________ by and between ____________
(hereinafter referred to as the “Shop”) and ________________ (hereinafter referred
to as the “client”) together referred to as “parties”.
WHEREAS the shop has agreed to let the client place products in its shop
(hereinafter referred to as the “product”) and the Client has decided to rent the space
in the shop for display and sell as hereinbelow described and be bound by the
following terms of the rental and sale; –
1. Product.
Parties herein agree that the product is Elderberry which will be displayed in the
shop and belongs to the Client, the space belongs to the shop.
Product. Retail Cost. Selling Price. Client’s Revenue
2. Term.
Parties agree that the term of this Contract shall be for a period of thirty days.
3. Sale Price and Compensation.
The parties herein agree that in consideration of the shop offering the shelf space,
the Client will pay the shop ____________.
Parties agree that the shop will determine the pricing by size; –
i. Elderberry 5oz retail $10,
ii. Elderberry 8oz $15
The buyer may change the pricing to accommodate their sales.
Parties herein agree that full payment of the items is due monthly.
4. Delivery.
The Client shall make all the necessary arrangements and plan for delivering the
items to the shop.
5. Warranties
The client warrants that; –
i. It has the full authority to enter into and execute this Contract.
ii. To the best of its knowledge, there are no ongoing or anticipated claims
against the shop.
The shop warrants that; –
i. It has the full authority and capacity to execute and agree to the terms of this
Contract.
ii. It has the facilities available to complete the terms under this Contract.
6. Responsibilities.
The parties agree to the following; –
i. Healing While Living is responsible for restocking
ii. The shop is not responsible for items not sold unless they would like to sell at
wholesale pricing.
iii. The shop is responsible for damaged or broken items
iv. The shop is to show the client’s name and should not remove the label or
mislead the client’s customers as if the product belongs to another company.
7. Dispute Resolution.
In case of any dispute or conflict that arises from the non-performance of the terms
in this Contract, 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.
8. Termination
If either party wants to terminate this Contract, they must give the other party a 30-
days’ 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 contract guidelines. At the end of the 30 days, if
either party wishes to remove the Client’s products, they will be removed, and the
Contract will officially be terminated.
9. 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 Contract.
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.
10. Damages.
Parties herein agree that neither party shall damage or break any items that belong
to the other party.
If either party intentionally or accidentally damages, ruins breaks, or marks an item
that is not their property, they must pay the item owner out of the amount the item
was listed to be sold for.
If a customer intentionally or accidentally damages, ruins breaks, or marks a product,
the item owner should contact the insurance company insuring the item.
11. Severability.
Suppose a provision of this Contract is found by a court of competent jurisdiction to
be invalid and unenforceable. It will be severed from the Contract, and the other
provisions will continue and not be affected.
12. Expenses.
Each party shall bear its costs in relation to fulfilling the terms of this Contract.
13. Governing Law.
The terms of this Contract will be governed by the Laws of the state of Georgia.
14. Waiver.
A waiver by any of the parties herein of any of their rights in this Contract does not
infer a further waiver of that right or any other right in this Contract.
15. Entire Agreement.
The terms and obligations in this Contract shall be construed as the entire
Agreement between the parties in relation to the subject herein.
IN WITNESS WHEREOF, the parties have signed this Contract on the date indicated
hereinbelow.
By the Shop; –
Designation:
______________________________
Signature:
________________________________
Date:
____________________________________
Email Address:
____________________________
By the Client; –
Designation:
____________________________
Signature:
______________________________
Date:
__________________________________
Email Address:
__________________________
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