Vending Machines Agreement

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Vending Machines Agreement Powered By Docstoc
					This document sets forth the terms of an agreement between a vendor and a property
owner for the placement of vending machines on the property. This document provides
that the vendor will pay the property owner a commission percentage from all gross
revenues collected from the sale of the items vended. In addition, this document
includes the length of the agreement and the rights and obligations of the parties. This
document can be used by small businesses or property owners that want to raise
additional revenue by placing a vending machine on their property.
                        VENDING MACHINES AGREEMENT

       THIS VENDING MACHINES AGREEMENT (the “Agreement”), made this ____ day
of ________________, 2_____ (the “Effective Date”), by and between _________________ (the
“Company”) and ________________ (the “Client”).

       WHEREAS, the Company provides vending machine services to businesses and
organizations;

       AND WHEREAS, the Client is desirous to obtain the vending machine services of the
Company for the purposes of installing and serving vending machines at the Client’s place of
business;

        AND WHEREAS, the Company is desirous to provide the vending machine services to
the Client pursuant to the terms and conditions contained herein.

       NOW THEREFORE THIS AGREEMENT WITNESSES, that for good and valuable
consideration of the mutual covenants and agreements contained herein, the receipt and
adequacy of which is hereby acknowledged, the Company and the Client hereto covenant and
agree as follows:

1.00     SERVICES

1.1      The Company shall install and service vending machines (the “Services”) at the locations
         contained on Schedule “A” annexed hereto (the “Locations”) for the Client.

1.2      The Client acknowledges and agrees that the vending machines installed at the Locations
         will at all times throughout the duration of this Agreement be the sole and exclusive
         property of the Company.

1.3      The Company shall upon the Effective Date of this Agreement, install the vending
         machines at the Locations. The make and model of the vending machines to be installed
         at the Locations is contained on Schedule “B” annexed hereto.

1.4      The Company shall install the said vending machines at the Locations by no later than the
         ______ day of __________, 2____, and such vending machines shall be in full working
         order. The Products to be contained in the vending machines installed at the Locations
         by the Company are set out on Schedule “C” annexed hereto (the “Products”). In
         addition to the vending machines being in full working order, the vending machines shall
         be loaded with the Product on the date contained in this Article 1.04. The Company
         acknowledges and agrees that all of the Products to be loaded into the vending machines
         shall not be past the expiry date contained thereon.




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1.5      The Company or any of its employees, agents or subcontractors shall have the right to
         attend at the Locations for the installation, filling and refilling and servicing of the
         vending machines as needed and shall at all times comply with all rules and regulations
         contained at the Locations.

2.00     TERM AND TERMINATION

2.01     The Term of this Agreement shall commence on the Effective Date and shall be for a
         period of __________ (____) weeks/months/years (the “Term”) and shall terminate on
         the ____ day of _____________, 2_____ (the “Terminate Date”).

2.02     The Company and the Client shall have the right to extend the Term of this Agreement
       
				
DOCUMENT INFO
Description: This document sets forth the terms of an agreement between a vendor and a property owner for the placement of vending machines on the property. This document provides that the vendor will pay the property owner a commission percentage from all gross revenues collected from the sale of the items vended. In addition, this document includes the length of the agreement and the rights and obligations of the parties. This document can be used by small businesses or property owners that want to raise additional revenue by placing a vending machine on their property.