Common Contracts
1 similar Placement Agreement contracts
ContractPlacement Agreement • July 7th, 2022 • Minnesota
Site Information Site Name Site # Street address: City: State: Zip: Site Type (circle one) Bar / Restaurant /Fraternal Order / Liquor store/Other Seating Capacity Operation Type: Bar Op / Booth Op / Both Lease Term The term of this lease is 90 days and will automatically and continually renew Effective Date : / / 30 - Day Out Clause - this lease may be terminated with a 30-day written notice by either party Terms and Conditions: Payments shall be paid via Automated Clearing House (ACH) twice monthly for the Net Receipts calculated from the 1st to the 15th and from the 16th through the end of the month every month.The total Revenue Share payment shall be as follows per period: A) When Net Receipts is $0.00 - $1500.00 Revenue Share is 31%B) When Net Receipts is $1500.01-$5000.00 Revenue Share is 28%C) When Net Receipts is $5000.01 or more Revenue Share is 26%*Net Receipts = Sales - Prizes Paid (note: if net receipts are negative the amount will carry over until amount is po
