License of Vending Machines
Agreement made on the (date), between (Name of Licensor), a corporation organized
and existing under the laws of the state of (name of state), with its principal office located at
(street address, city, state, zip code), referred to herein as Licensor, and (Name of Licensee), a
corporation organized and existing under the laws of the state of (name of state), with its
principal office located at (street address, city, state, zip code), referred to herein as Licensee.
Whereas, Licensee owns, operates, and services vending machines of various types for
the sale of various foods and beverages; and
Whereas, Licensor owns, or has an interest in, real property on which Licensee desires
to install its vending machines.
Now, therefore, for and in consideration of the mutual covenants contained in this
Agreement, and other good and valuable consideration, the parties agree as follows:
1. License to Install Machines
A. Licensee, at Licensee's expense, may install its vending machines for the sale of
food and beverages on Licensor's property in locations to be mutually agreed on by
authorized representatives of the parties to this Agreement.
B. Licensee agrees to supply, maintain, pay any license fees and taxes, and
operate its machines in such a manner as to ensure that they are attractive, neat, and
functioning at all times.
2. Consideration. Licensee will submit to Licensor, by the _____ day of each month, a
statement covering the sales made through the vending machines for the preceding month,
together with a check for _____ % of the sales made during said preceding month.
3. Privilege not Exclusive. The permission given by this Agreement is not exclusive, and
Licensor specifically reserves the right at any time to install, or permit to be installed by
others, vending machines or facilities of a nature similar to those of Licensee.
4. Service Connections. Licensor will furnish all necessary electrical and service
connections for the operation of the vending machines and will permit interruption in such
services only in the case of an emergency or power failure or other interruption beyond the
control of Licensor. Licensor agrees to notify Licensee of any interruption in such services as
soon as Licensor is aware of such interruption.
5. Indemnification of Licensor. Licensee shall indemnify and hold harmless Licensor, its
agents, successors and assigns, from and against any and all liability, cost, and expense for
loss of or damage to property and for injuries to or deaths of persons arising or resulting from
the installation, maintenance, presence, use, operation, or removal of Licensee's vending
machines, or use of any of the products dispensed from such vending machines.
6. Duration of License. This Agreement shall become effective on (date), and may be
terminated by either party giving (number) days' written notice to the other party, after which all
of Licensee's machines shall be removed within (number) days from the date of receipt of such
notice from the premises of Licensor.
The invalidity of any portion of this Agreement will not and shall not be deemed to affect
the validity of any other provision. If any provision of this Agreement is held to be invalid, the
parties agree that the remaining provisions shall be deemed to be in full force and effect