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Arts, Entertainment, and Recreation · NAICS 71 · Vendor and Concession Agreement
This Vendor and Concession Agreement is designed for venues and event operators in the arts, entertainment, and recreation industry—from stadiums and arenas to museums, fairs, and festivals. It establishes clear terms for vendors selling food, merchandise, or services on your premises, covering everything from booth location and hours of operation to payment, insurance, and liability. By using this agreement, you protect your venue from potential legal and financial risks while ensuring a professional relationship with vendors. It is tailored to the unique needs of live events and recreational facilities, where multiple vendors, high foot traffic, and temporary operations are common.
A vendor agreement clarifies expectations, protects you from liability, and ensures you get paid. It covers critical issues like insurance, indemnification, and compliance, which are essential when you have multiple vendors on your premises.
Typically, you should require vendors to carry general liability insurance with at least $1 million per occurrence, and to name your venue as an additional insured. For food vendors, you may also require product liability coverage. Always request a certificate of insurance before the event.
Yes, many venues charge a percentage of gross sales, often with a minimum guarantee. This agreement allows you to specify the percentage and requires vendors to submit sales reports so you can verify revenue.
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