Car Rental Supply Agreement
Car Rental Supply Agreement
I. Introduction
A. Purpose
This Car Rental Supply Agreement ("Agreement") is made and entered into on January 1, 2050, by and between:
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[Your Company Name]
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Address: [Your Company Address]
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Contact Number: [Your Company Number]
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Email: [Your Company Email]
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Website: [Your Company Website]
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Social Media: [Your Company Social Media]
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[Your Partner Company Name]
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Address: [Your Partner Company Address]
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Contact Number: [Your Partner Company Number]
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Email: [Your Partner Company Email]
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(Each a "Party" and collectively the "Parties").
B. Background
[Your Company Name] is engaged in the business of providing car rental services. [Your Partner Company Name] agrees to supply the necessary vehicles to [Your Company Name] under the terms and conditions set forth in this Agreement.
II. Definitions
A. Vehicle Supply
"Vehicle Supply" refers to the provision of vehicles by [Your Partner Company Name] to [Your Company Name] for the purpose of car rentals.
B. Rental Period
"Rental Period" refers to the duration for which the vehicles will be rented out to end customers.
C. Delivery
"Delivery" refers to the transportation and handover of vehicles from [Your Partner Company Name] to [Your Company Name].
III. Terms and Conditions
A. Vehicle Supply
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Supply Quantity and Models
[Your Partner Company Name] agrees to supply 50 vehicles per month to [Your Company Name].
The vehicles shall include:
- 20 Sedans
- 15 SUVs
- 10 Minivans
- 5 Luxury Cars
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Condition of Vehicles
All vehicles provided must be in excellent condition, fully operational, and compliant with all relevant safety standards. Each vehicle should not have more than 15,000 miles on the odometer at the time of delivery.
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Replacement and Maintenance
[Your Partner Company Name] is responsible for the regular maintenance of the vehicles and will provide replacement vehicles in case of any breakdowns within 24 hours of notification by [Your Company Name].
B. Delivery and Return
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Delivery Schedule
Vehicles will be delivered to [Your Company Name] at [Delivery Location] by the 1st of each month. [Your Partner Company Name] shall ensure that all vehicles are delivered with a full tank of fuel and in a clean condition.
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Inspection and Acceptance
Upon delivery, [Your Company Name] will inspect the vehicles and provide acceptance confirmation within 48 hours. Any discrepancies or issues will be reported immediately to [Your Partner Company Name] for resolution.
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Return Conditions
Vehicles must be returned to [Your Partner Company Name] at the end of the Rental Period in the same condition as they were delivered, barring normal wear and tear. [Your Company Name] shall ensure that returned vehicles have at least half a tank of fuel and are clean.
C. Payment Terms
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Pricing
[Your Company Name] agrees to pay [Your Partner Company Name] $500 per vehicle per month for Sedans, $600 per vehicle per month for SUVs, $550 per vehicle per month for Minivans, and $1,000 per vehicle per month for Luxury Cars.
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Payment Schedule
Payments will be made on a monthly basis, with the first payment due on the 5th of each month following the delivery of vehicles.
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Late Payments
Late payments will incur a fee of 2% per month on the outstanding amount. If payment is delayed by more than 30 days, [Your Partner Company Name] reserves the right to terminate the Agreement.
D. Insurance and Liability
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Insurance Coverage
[Your Partner Company Name] must provide comprehensive insurance coverage for all vehicles supplied to [Your Company Name], including collision, theft, and liability insurance. Proof of insurance must be provided to [Your Company Name] upon delivery of the vehicles.
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Liability
[Your Partner Company Name] is liable for any damages or losses incurred due to vehicle defects or issues. [Your Company Name] will be responsible for any damages caused by its customers, employees, or agents during the Rental Period.
IV. Term and Termination
A. Term
This Agreement shall commence on January 1, 2050, and continue for a period of two years, unless terminated earlier in accordance with the terms herein.
B. Termination
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Termination for Convenience
Either Party may terminate this Agreement for convenience with 60 days' written notice to the other Party.
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Termination for Cause
Either Party may terminate this Agreement immediately if the other Party breaches any material term of this Agreement and fails to remedy such breach within 30 days after receiving written notice of the breach.
V. General Provisions
A. Confidentiality
Both Parties agree to keep confidential all information related to this Agreement and not disclose it to any third party without prior written consent from the other Party.
B. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [specify jurisdiction].
C. Dispute Resolution
Any disputes arising out of or in connection with this Agreement shall be resolved through mediation. If mediation fails, the dispute shall be resolved through arbitration under the rules of the American Arbitration Association.
D. Amendments
This Agreement may only be amended in writing and signed by both Parties.
E. Entire Agreement
This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral, regarding its subject matter.
F. Notices
All notices and other communications required or permitted under this Agreement shall be in writing and shall be deemed given when delivered personally, sent by certified mail, return receipt requested, or sent by email to the addresses specified above.
G. Signatures
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
[Your Company Name]
Name: [Your Name]
Title: [Your Title]
Date: January 1, 2050
[Your Partner Company Name]
Name: [Your Partner Company Name]
Title: [Your Partner Company Title]
Date: January 1, 2050
