The Dealer, NOW, THEREFORE, in consideration of the mutual agreements and covenants herein contained the Contractor Hereby acknowledges that it has been retained by the Company, for purposes of: SALE/OR RENTAL OF UNIT
TERMS
1. Relationship of Parties. The undersigned shall be deemed an independent contractor and is not an employee, partner, agent, or engaged in a joint venture with Company. I acknowledge that I shall not be entitled to any fringe benefits, pension, retirement, profit sharing or any other benefits accruing to employees.
2. Limited Authority to Bind Company. Dealer may execute on behalf of the Company, Rental Purchase Agreement and engage in the receipt of orders for sale or rental of storage buildings on behalf of the Company. Otherwise, the Dealer is not authorized to transact business, incur obligations, accept any service of process upon the Company, or receive any notice of any nature whatsoever on the Company’s behalf.
3. Inventory of Storage Buildings. The undersigned acknowledges that at all times the entire inventory of storage buildings shall remain the exclusive property of the Company, and the Company retains all rights to ownership of such inventory of storage buildings. The Company reserves the exclusive and unlimited right to remove any and/or all storage buildings from Dealer location(s) at any time and for any reason, with or without cause.
4. Remittance of Sale and/or Rental Funds. Upon sale of a storage building, Dealer shall remit to Company all paperwork and form of payment. All monies received by Dealer for the sale and/or rentals of storage buildings belongs exclusively to the Company.
5. Termination Terms. (a) Term. The term of Agreement is one year beginning on the date hereof executed and ending one year thereafter. This Agreement shall automatically renew for successive one year periods unless either party gives notice of termination. (b) Termination. This Agreement may be terminated by Dealer FOR ANY REASON OR NO REASON, WITH OR WITHOUT, CAUSE by giving thirty (30) days’ notice of termination in writing to the Company at the address above. This Agreement may be terminated by the Company FOR ANY REASON OR NO REASON, WITH OR WITHOUT CAUSE, effective immediately or at a specified time. The Company, at is sole discretion, reserves the right to immediately terminate this Agreement and immediately remove its inventory from any or all of Dealer’s location(s). (c) Reclamation of Loaned Inventory. Upon termination of this Agreement for any reason, the Company shall have the option to immediately reclaim its loaned inventory. Dealer shall not prohibit or encumber the Company’s inventory on loan to Dealer. (d) Attorney Fees. Dealer agrees to pay reasonable attorney fees if the Company is forced to engage legal representation to pursue compliance with any provision of the Agreement, and further Dealer expressly agrees that such reasonable attorney fees, or a part thereof, may be withheld from any commissions due to Dealer.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date filled out above.