License To Operate Vending Machines

License between property owner and vendor to operate vending machines. Includes options for which party will pay installation and utility costs.

Enter the name of the property owner, referred to as OWNER, and Enter the name of the vending machine operator, referred to as VENDOR, agree:

VENDOR may place vending machines for the sale of the following items within the premises of OWNER:

Enter the items which may be vended

with locations to be mutually agreed upon within the premises of OWNER. OWNER may require on reasonable notice that VENDOR move machines within the premises of OWNER. This license shall begin on Enter the starting date for the license and conclude on Enter the ending date for the license.

VENDOR shall pay any license fees or taxes imposed on the operation of the machines.

VENDOR shall maintain the machines in good working order and regularly maintain and clean the same so that they do not detract from the appearance of the business premises of OWNER. OWNER may terminate this license and require that VENDOR remove the machines in the event that the machines are unsightly or malfunction and reasonably detract from the OWNER's reputation.

VENDOR shall obtain insurance coverage in a minimum amount of $ Enter limits for required insurance coverage in numerals (Enter limits for required insurance coverage in numerals dollars) through an insuror licensed to offer such insurance for bodily injury and property damage. VENDOR shall indemnify OWNER from all liabilities related to or arising out of the use of the machine.

Include the following if the rental will be: a percentage of sales

In consideration of the license to place the machines on the premises of the OWNER, the gross sums collected from the machine's operation shall be split as follows:

Enter percentage as a numeral of sales given to owner% to OWNER

Enter percentage as a numeral of sales given to vendor% to VENDOR

Accountings and payments shall be made Rental will be paid. OWNER, or its representative shall be entitled to audit the books and records of VENDOR to determine the accuracy of the accountings.

Include the following if the rental will be: a fixed amount

In consideration of the license to operate the machines, a rental of $ Enter the rental per machine in numerals (Enter the rental per machine in numerals dollars) per machine shall be paid Rental will be paid to VENDOR.

Any water or other utility service required for the machines shall be installed at the expense of Installation of utilities will be paid for by. The charges for any water or other utility service required for the machines shall be paid for by Utility charges will be paid for by.

Date

_____________________________________________

Enter the name of the property owner

_____________________________________________

Enter the name of the vending machine operator

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