bhfisher Posted June 8, 2013 Share Posted June 8, 2013 What verbiage should absolutely be in a Locator Agreement? I’m thinking of hiring an outside locator to find bulk vending locations. I want to make my own agreement that protects me. What would you include in your perfect agreement? Such as: Performance and “kick-out” guarantee Time Limits for placement Minimum gross per machine Handling Disputes etc... If you an agreement from a locator, I'd love to see how it's written. I will post the final agreement I come up with for the group. Thanks, Bart Link to comment Share on other sites More sharing options...
floridavending Posted June 11, 2013 Share Posted June 11, 2013 How about: - VENDING COMPANY acknowledges that LOCATOR is doing a job that VENDING COMPANY is too fearful of rejection to do - For forty bucks, LOCATOR is expected to possess and use a crystal ball or similar item that will ensure placement of VENDING UNIT in a business that will ensure VENDING COMPANY has its investment returned within 60 days. VENDING COMPANY acknowledges that normal return on investment in any other industry is at least two years - but forty bucks is forty bucks. Especially when it's VENDING COMPANY'S forty bucks. - VENDING COMPANY reserves the right at its sole discretion to hound and harass LOCATOR, including but not limited to postings online, should VENDING UNIT not be placed in the absolutely perfect location in the least amount of time possible - VENDING COMPANY requires that LOCATOR understand the sheer magnitude of the forty bucks that LOCATOR received, and act accordingly at all times - VENDING COMPANY may mislead VENDING COMPANY and others by saying they're "too busy" or "too important" to perform LOCATOR'S function, despite the fact VENDING COMPANY is actually just unhappy doing LOCATOR'S job - VENDING COMPANY acknowledges that should LOCATOR do a good job, VENDING COMPANY may reward LOCATOR with yet another forty bucks, thereby starting the process over again =-=-=-=-=-=-=-=-=-=-= Never located for anyone else.. but I've located for myself.. honestly, you guys are making out like bandits getting units located at the prices you're paying.. I agree that the locators are the ones that set their prices and thus the competition has driven the prices down.. so they shouldn't take on jobs they can't fulfill... but at some point you have to look at it as the cost of doing business.. If a locator places 10 units, and after a year you've still got 5 or 6 of the spots and you've made your money back - that's excellent ROI by any standards. Except yours. Link to comment Share on other sites More sharing options...
Makes Cents Posted June 11, 2013 Share Posted June 11, 2013 To be honest it dosent matter what verbiage you use because locators wont honor it anyway. Locator agreements are meaningless. The best way to proceed with them is 1) look for reviews by other vendors 2) proceed with a small order to see if they come through. Dont pay up-front or if you do use a credit card and know your time limits for disputes. Link to comment Share on other sites More sharing options...
onecent@atime Posted June 15, 2013 Share Posted June 15, 2013 How about: - VENDING COMPANY acknowledges that LOCATOR is doing a job that VENDING COMPANY is too fearful of rejection to do - For forty bucks, LOCATOR is expected to possess and use a crystal ball or similar item that will ensure placement of VENDING UNIT in a business that will ensure VENDING COMPANY has its investment returned within 60 days. VENDING COMPANY acknowledges that normal return on investment in any other industry is at least two years - but forty bucks is forty bucks. Especially when it's VENDING COMPANY'S forty bucks. - VENDING COMPANY reserves the right at its sole discretion to hound and harass LOCATOR, including but not limited to postings online, should VENDING UNIT not be placed in the absolutely perfect location in the least amount of time possible - VENDING COMPANY requires that LOCATOR understand the sheer magnitude of the forty bucks that LOCATOR received, and act accordingly at all times - VENDING COMPANY may mislead VENDING COMPANY and others by saying they're "too busy" or "too important" to perform LOCATOR'S function, despite the fact VENDING COMPANY is actually just unhappy doing LOCATOR'S job - VENDING COMPANY acknowledges that should LOCATOR do a good job, VENDING COMPANY may reward LOCATOR with yet another forty bucks, thereby starting the process over again =-=-=-=-=-=-=-=-=-=-= Never located for anyone else.. but I've located for myself.. honestly, you guys are making out like bandits getting units located at the prices you're paying.. I agree that the locators are the ones that set their prices and thus the competition has driven the prices down.. so they shouldn't take on jobs they can't fulfill... but at some point you have to look at it as the cost of doing business.. If a locator places 10 units, and after a year you've still got 5 or 6 of the spots and you've made your money back - that's excellent ROI by any standards. Except yours. If you go into business you set the terms and the price and you still dont honor it why is it the customers fault? If you went to a burger joint and they said .99 double bacon cheese burger with the works made fresh then gave you a slidder that was frozen in the middle and caused you to puck and have diarrhea at the same time would you care that it was only .99 ? NO you would not !!! if you advertise a service and offer warranties you'd better follow through not every vendor is gonna take being screwed over laying down. And not all locators offer warranties and or offer locations for less than 50 bucks Link to comment Share on other sites More sharing options...
floridavending Posted June 16, 2013 Share Posted June 16, 2013 If you go into business you set the terms and the price and you still dont honor it why is it the customers fault? If you went to a burger joint and they said .99 double bacon cheese burger with the works made fresh then gave you a slidder that was frozen in the middle and caused you to puck and have diarrhea at the same time would you care that it was only .99 ? NO you would not !!! if you advertise a service and offer warranties you'd better follow through not every vendor is gonna take being screwed over laying down. And not all locators offer warranties and or offer locations for less than 50 bucks I know my post was lengthy, but if you had read it all you'd see I have a paragraph that agrees. Thank you, though. Link to comment Share on other sites More sharing options...
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