📑 Commercial Vending / ATM Space Agreement
Standard non-exclusive placement memorandum between Equipment Operator and Location Host.
1. PARTIES: This Agreement is entered into between Operator (VendingYield Affiliate) and Location Property Owner/Manager.
2. PLACEMENT & UTILITIES: Location grants Operator designated floor space (approx. 3ft x 3ft) with access to a standard 110V grounded electrical outlet at zero electrical surcharge.
3. REVENUE SPLIT: Operator shall remit to Location a monthly commission of 10% of gross vending receipts, payable on the 10th of each calendar month.
4. MAINTENANCE & INSURANCE: Operator maintains 100% responsibility for machine restocking, mechanical repair, change replenishing, and general liability insurance.
5. TERM: 12 months with automatic month-to-month renewal, terminable by either party with 30 days written notice.