Car Rental Partnership Agreement
Car Rental Partnership Agreement
This Car Rental Partnership Agreement ("Agreement") is made and entered into as of [Date], by and between [Your Company Name], a [State] corporation with its principal place of business at [Your Company Address] ("Company"), and [Partner Company Name], a [State] corporation with its principal place of business at [Partner Company Address] ("Partner"). Collectively, the Company and Partner are referred to as the "Parties" and individually as a "Party."
1. Definitions
1.1 Agreement: This Car Rental Partnership Agreement, including all exhibits and schedules hereto.
1.2 Effective Date: The date first written above.
1.3 Services: The car rental services provided by the Company to the Partner's customers as described in this Agreement.
1.4 Term: The period during which this Agreement remains in effect as described in Section 3.
1.5 Confidential Information: Any non-public information disclosed by one Party to the other Party, either directly or indirectly, in writing, orally, or by inspection of tangible objects.
2. Scope of Services
2.1 Provision of Services: The Company agrees to provide car rental services to the customers of the Partner on the terms and conditions set forth in this Agreement.
2.2 Service Standards: The Company shall ensure that all rental vehicles are maintained in good working order and meet the quality standards as agreed upon by the Parties.
2.3 Customer Support: The Company will provide customer support to the Partner’s customers for issues related to the rental services.
3. Term and Termination
3.1 Term: This Agreement shall commence on the Effective Date and shall continue for a period of [Number] years unless terminated earlier in accordance with the provisions of this Agreement.
3.2 Termination for Convenience: Either Party may terminate this Agreement for any reason by providing [Number] days' prior written notice to the other Party.
3.3 Termination for Cause: Either Party may terminate this Agreement immediately upon written notice to the other Party if the other Party materially breaches any provision of this Agreement and fails to cure such breach within [Number] days after receiving written notice of the breach.
3.4 Effect of Termination: Upon termination or expiration of this Agreement, each Party shall return or destroy all Confidential Information of the other Party. The termination of this Agreement shall not affect any rights or obligations that have accrued prior to termination.
4. Payment Terms
4.1 Rental Fees: The Partner agrees to pay the Company rental fees as set forth in Exhibit A attached hereto and incorporated herein by reference.
4.2 Payment Schedule: Payments shall be made by the Partner to the Company within [Number] days of receipt of the Company's invoice.
4.3 Late Payments: Any late payment shall accrue interest at the rate of [Percentage]% per month or the maximum rate permitted by applicable law, whichever is lower.
4.4 Taxes: The Partner shall be responsible for all applicable taxes arising from or relating to the rental services, excluding taxes based on the Company's income.
5. Confidentiality
5.1 Confidential Information: Each Party agrees to keep confidential and not disclose to any third party any Confidential Information received from the other Party.
5.2 Permitted Disclosures: Confidential Information may be disclosed to employees, agents, or subcontractors who need to know such information for the purpose of performing this Agreement and who are bound by confidentiality obligations at least as restrictive as those contained herein.
5.3 Exceptions: The confidentiality obligations shall not apply to information that
(a) is or becomes public knowledge through no fault of the receiving Party;
(b) is rightfully received from a third party without restriction on disclosure;
(c) is independently developed by the receiving Party; or
(d) is required to be disclosed by law.
6. Intellectual Property
6.1 Ownership: Each Party retains all rights, title, and interest in and to its own intellectual property.
6.2 License: The Partner grants the Company a non-exclusive, non-transferable, royalty-free license to use the Partner's trademarks, service marks, and logos solely in connection with the performance of this Agreement.
6.3 No Implied Rights: Except as expressly set forth in this Agreement, no rights or licenses are granted by either Party under any of its intellectual property, whether by implication, estoppel, or otherwise.
7. Representations and Warranties
7.1 Authority: Each Party represents and warrants that it has the full power and authority to enter into and perform its obligations under this Agreement.
7.2 Compliance with Laws: Each Party represents and warrants that it will comply with all applicable laws, regulations, and ordinances in the performance of this Agreement.
7.3 No Infringement: Each Party represents and warrants that its performance of this Agreement will not infringe upon or violate the rights of any third party.
8. Indemnification
8.1 Indemnification by the Company: The Company agrees to indemnify, defend, and hold harmless the Partner and its affiliates, officers, directors, employees, agents, and representatives from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Company's breach of this Agreement or its gross negligence or willful misconduct.
8.2 Indemnification by the Partner: The Partner agrees to indemnify, defend, and hold harmless the Company and its affiliates, officers, directors, employees, agents, and representatives from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or in connection with the Partner's breach of this Agreement or its gross negligence or willful misconduct.
9. Limitation of Liability
9.1 Exclusion of Damages: In no event shall either Party be liable to the other Party for any indirect, incidental, consequential, special, or punitive damages, whether or not such damages were foreseeable or the Party was advised of the possibility of such damages.
9.2 Cap on Liability: Each Party's aggregate liability to the other Party for any and all claims arising out of or in connection with this Agreement shall not exceed the total amount paid or payable by the Partner to the Company under this Agreement during the twelve (12) months preceding the date the claim arose.
10. Insurance
10.1 Insurance Coverage: Each Party shall maintain, at its own expense, insurance coverage with reputable insurance companies sufficient to cover its respective obligations and liabilities under this Agreement.
10.2 Proof of Insurance: Upon request, each Party shall provide the other Party with certificates of insurance evidencing the required coverage.
11. Dispute Resolution
11.1 Negotiation: In the event of any dispute arising out of or relating to this Agreement, the Parties shall first attempt to resolve the dispute through good faith negotiations.
11.2 Mediation: If the dispute cannot be resolved through negotiation, the Parties agree to participate in mediation administered by a mutually agreed-upon mediator before pursuing any other remedy.
11.3 Arbitration: Any dispute that cannot be resolved through negotiation or mediation shall be finally resolved by binding arbitration conducted in accordance with the rules of the [Arbitration Association]. The arbitration shall take place in [City, State], and the arbitrator's decision shall be final and binding on the Parties.
12. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law principles.
13. Miscellaneous
13.1 Entire Agreement: This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior or contemporaneous understandings, agreements, negotiations, representations, and warranties, both written and oral, with respect to such subject matter.
13.2 Amendments: This Agreement may only be amended or modified by a written instrument signed by both Parties.
13.3 Waiver: No waiver by either Party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default.
13.4 Severability: If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, and the remaining provisions shall continue in full force and effect.
13.5 Assignment: Neither Party may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the other Party, except in connection with a merger, acquisition, or sale of all or substantially all of its assets.
13.6 Notices: All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed to have been given:
(a) when delivered by hand (with written confirmation of receipt);
(b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested);
(c) on the date sent by facsimile or email (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours; or
(d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective Parties at their addresses set forth on the first page of this Agreement (or to such other address as may be designated by a Party from time to time in accordance with this Section).
13.7 Force Majeure: Neither Party shall be liable for any delays or failures in performance due to circumstances beyond its reasonable control, including but not limited to acts of God, war, terrorism, labor strikes, natural disasters, and interruptions in supply chains.
13.8 Counterparts: This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties hereto have executed this Car Rental Partnership Agreement as of the Effective Date.
[Your Company Name]
By:
Name: [Your Name]
Title: [Your Title]
[Partner Company Name]
By:
Name: [Partner's Name]
Title: [Partner's Title]
Exhibit A: Rental Fees
The following table outlines the rental fees for various vehicle types provided by [Your Company Name].
Vehicle Type |
Daily Rental Fee |
Weekly Rental Fee |
Monthly Rental Fee |
---|---|---|---|
Economy |
$30 |
$180 |
$600 |
Compact |
$35 |
$210 |
$700 |
Mid-size |
$40 |
$240 |
$800 |
Full-size |
$50 |
$300 |
$1,000 |
SUV |
$60 |
$360 |
$1,200 |
Luxury |
$100 |
$600 |
$2,000 |
Exhibit B: Insurance Requirements
The following table outlines the minimum insurance coverage required for both Parties under this Agreement.
Type of Insurance |
Coverage Amount |
Additional Details |
---|---|---|
General Liability |
$1,000,000 per occurrence |
Covers bodily injury and property damage |
Automobile Liability |
$1,000,000 per occurrence |
Covers bodily injury and property damage |
Workers' Compensation |
As required by law |
Covers employee injuries |
Property Insurance |
Replacement cost |
Covers damage to rental vehicles |
Exhibit C: Payment Schedule
The following table outlines the payment schedule and due dates for invoices issued under this Agreement.
Invoice Date |
Due Date |
Amount Due |
---|---|---|
[Invoice Date 1] |
[Due Date 1] |
$[Amount 1] |
[Invoice Date 2] |
[Due Date 2] |
$[Amount 2] |
[Invoice Date 3] |
[Due Date 3] |
$[Amount 3] |
[Invoice Date 4] |
[Due Date 4] |
$[Amount 4] |
Exhibit D: Contact Information
The following table provides the contact information for both Parties.
Party |
Contact Person |
Phone Number |
Email Address |
Address |
---|---|---|---|---|
[Your Company Name] |
[Your Name] |
[Your Phone] |
[Your Email] |
[Your Company Address] |
[Partner Company Name] |
[Partner's Name] |
[Partner's Phone] |
[Partner's Email] |
[Partner Company Address] |