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Vendor Agreement

VENDOR AGREEMENT

 

This Vendor Agreement (“Agreement”) is made on, between FADS Distribution, INC, having its registered office at 151 Hazard Ave, Suite 12, Enfield, CT 06082 USA (“FredAstaireMarketplace” or “Platform”) and the Vendor, a [individual/corporation] (“Vendor” or “Seller”).

 

WHEREAS, FredAstaireMarketplace operates an online marketplace for dance-related products;

 

NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

  1. Scope of Products

 

1.1 The Vendor agrees to list and sell only dance-related products on the FredAstaireMarketplace platform. Any product that is not related to dance or its associated themes shall be considered a violation of this Agreement.

 

1.2 FredAstaireMarketplace reserves the right to review, approve, or disapprove of any products listed by the Vendor to ensure they meet the platform’s criteria.

 

  1. Payment Terms

 

2.1 For every sale completed through FredAstaireMarketplace, the Vendor will receive 80% of the selling price of the product(s) after confirmation of the product’s receipt by the buyer.

 

2.2 FredAstaireMarketplace will remit payments to the Vendor as per a mutually agreed-upon schedule, which shall not exceed 30 days from the date of confirmation of receipt by the buyer.

 

2.3 All payments shall be made through  to the Vendor’s designated bank account or payment address.

 

  1. Termination

 

Either party may terminate this Agreement by giving 30 days written notice if the other party breaches any of its obligations herein and fails to remedy such breach within 14 days of receiving a notice of such breach.

4. Indemnity

 

The Vendor agrees to indemnify and hold harmless FredAstaireMarketplace, its affiliates, officers, agents, and employees from any claim or demand, including reasonable attorney’s fees, made by any third party due to or arising out of the Vendor’s breach of this Agreement or the documents it incorporates by reference, or the Vendor’s violation of any law or the rights of a third party.

 

  1. Miscellaneous Provisions

 

5.1 This Agreement constitutes the entire agreement between the parties pertaining to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written.

 

5.2 This Agreement may only be amended in writing and signed by both parties.

 

5.3 This Agreement shall be governed by and construed in accordance with the laws of USA/CT.