This Vendor Agreement (“Agreement”) is by and between Lead Foot City, Inc, a Florida corporation with a principal place of business at 17109 Old Ayers Rd, Brooksville, FL 34604 ("Venue"), and * a Florida company with a principal place of business at * * * * * ("Vendor"). Venue and Vendor may collectively be referred to as the “Parties” or individually as a “Party.”
1. Purpose
Venue hereby grants Vendor the right to sell * (“Products”) on the property of Lead Foot City during events hosted or held at the Venue, subject to the terms and conditions set forth in this Agreement.
2. Term
This Agreement shall commence on
* and continue until terminated by either Party in accordance with Section 8.
3. Location and Event Access
Vendor shall be permitted to set up and sell Products at designated areas within Lead Foot City during approved events. Venue shall provide reasonable access and space for Vendor’s operations, subject to Venue’s event policies and procedures.
4. Revenue Sharing and Minimum Payment
Vendor agrees to remit to Venue twenty percent (20%) of gross revenue generated from the sale of Products during each event (“Revenue Share”). In any event, Vendor shall pay a minimum of two hundred dollars ($200.00) to Venue for each event, regardless of revenue generated.
5. Payment Terms
Vendor shall provide a sales report and remit payment of the applicable Revenue Share or $200.00 minimum (whichever is greater) before leaving the Venue after an event. Payments shall be made via cash (preferably), certified business check or credit card (plus 3% fee).
6. Compliance and Liability
Vendor shall comply with all applicable federal, state, and local laws, including but not limited to safety and environmental regulations concerning the handling and sale of Nitrous Gas. Vendor shall maintain all necessary permits and insurance (with Lead Foot City named as additionally insured), and shall be solely responsible for the safety and operation of its equipment and Products.
7. Indemnification
Vendor agrees to indemnify, defend, and hold harmless Venue, its owners, employees, and agents from and against any claims, liabilities, damages, or expenses (including attorneys’ fees) arising out of or related to Vendor’s activities, including but not limited to the sale of Products, use of the Venue premises, and any act or omission of Vendor, its employees, or contractors.
8. Termination
Either Party may terminate this Agreement upon written notice. Upon termination, all outstanding payments owed to the Venue shall become immediately due.
9. Miscellaneous
Independent Contractor: Vendor is acting as an independent contractor and not as an employee or agent of Venue. Vendor will provide Venue with a W9 tax form.
Entire Agreement: This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions or understandings.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.