VENDING MACHINE AGREEMENT.
This Vending Machine Agreement (hereinafter referred to as the “Agreement”) is
made on this __________ day of ___________ 20__ (hereinafter referred to as the
“Effective Date”) by and between _______________________ (hereinafter referred
to as the “Company”) and ___________________ (hereinafter referred to as the
“Site Host”). Together referred to as the “parties.”
WHEREAS, the Company desires to place vending machines on the premises as
defined herein; and
WHEREAS, the Site Host agrees to let the Company access the premises to set up
and place the vending machine.
NOW, THEREFORE, in consideration of the above, the parties herein agree to be
legally bound by the following terms and conditions; –
1. Premises.
The agreed premises/space is located at __________________.
2. Installation.
The parties agree that upon the acceptance of the premises and the terms herein,
the company shall, at its own expense, place/set up the vending machine point.
3. Term.
The parties herein agree that this Agreement shall be for a term of _________.
4. Use.
The Company shall use and occupy the space during the term of this Agreement for
placing and operating a vending machine for third parties.
The use of the space shall be in accordance with the applicable codes and laws.
5. Payment.
The parties herein shall share the revenue generated from the services to be
generated by the vending machine. The Site Host shall receive a percentage of 13%.
The payments shall be made on the 5 th day of every month via direct deposit unless
otherwise agreed between the parties.
6. Maintenance.
The Company shall be responsible for maintaining the vending machines. The site
host shall not be liable for any damage unless such damage is caused by the site
host’s gross negligence or willful misconduct.
The site host agrees to coordinate any maintenance needed from their end for the
smooth running of the duties and obligations herein.
7. Ownership.
Parties agree that the Company owns the machine and the products contained in the
machine.
8. Indemnification.
The parties herein agree to indemnify the other party in case of any liabilities or loss
arising from the performance of the obligations herein.
9. Confidentiality and Publicity.
The terms of this Agreement and the details thereof shall be confidential, and the
same shall not be disclosed to any third parties without prior written consent from the
parties.
10. Termination.
The parties herein may terminate the terms by issuing a 30 days’ prior written notice
to the other party without stating any reason including not meeting the company’s
expectation.
11. Dispute.
In case of any dispute/complaint regarding the orders, the same shall be resolved
through mediation with the submitting party of the dispute, catering for the legal costs
entailed.
12. Governing Law.
The terms of this Agreement will be governed and construed in accordance with the
laws of Belgium.
13. Waiver.
The lack of enforcement of any rights and obligations under this Agreement does not
mean a waiver of any present or future violation.
14. Amendment.
This Agreement may only be amended or modified by an agreement signed by both
parties.
15. Severability.
If any term or provision under this Agreement is deemed unenforceable by a court of
law, the same shall be severed from the Agreement, and the remaining condition
shall continue to be in full force and effect.
IN WITNESS WHEREOF, the parties have agreed and executed this Agreement as
of the Effective Date indicated in the Agreement.
__________________________________
__; –
Representative:
______________________
Signature:
___________________________
Date:
_______________________________
Email Address:
_______________________
_______________________________;-
Representative:
______________________
Signature:
__________________________
Date:
_______________________________
Email Address:
_______________________
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