Jump to content
EdEh

New Location Agreement?

Recommended Posts

This is my first post and I apologize for the newbie questions. I have searched the forum and can't find what I am looking for. When I walk into a location to place a machine, how does that work? Is there a standard agreement with the location owner for a length of time the machine will be there? How much do I pay the location owner to have the machine there? Any and all info is greatly appreciated, and like I said sorry for the newb questions.

Share this post


Link to post
Share on other sites

I think I recall there being one in the downloads section, but I use a simple one page agreement that basically has their details and mine, stating that I retain ownership of the machine(s) and specifying the revenue share with the venue. I would only have a term if I had to purchase new machines. I prefer to sell myself on service, with a line like "My machines are only here as long as we both are happy with the arrangement (but if you have complaints, please give me a chance to remedy them before asking me to leave)." In more populous areas, and more iron clad agreement may be warranted, but my main reason for the agreement it to have a written record for down the track in case there is a dispute over share or a business closes down and I need evidence of ownership of machines from the landlord.

  • Thanks 1

Share this post


Link to post
Share on other sites

Thank you very much. I’ve been reading and revenue share runs from 0% to 30%, at this point I’ll be shooting for 0%. Would you be willing to share your contract? I am in a smaller town and am friends with most of the people with the businesses where I will be placing machines.

Share this post


Link to post
Share on other sites

Mine is too simple to bother uploading. I have my business details up the top with my logo, and then spaces to get details of the site (name, address, contact person, phone number, email address), and a table of equipment sited and agreed revenue share or rental (rental not relevant for bulk).

I have a statement "Ownership of equipment remains with [my business name]".

And spots for signatures and dates.

I do mainly amusements and in this industry a handshake is more important than a piece of paper. For larger corporates, a more detailed contract may be in order, but this one suits my purpose.

  • Thanks 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×