Furniture Bed Option Form

FURNITURE BED OPTION FORM

Client Name:

Provider Name:

Agreement Date:

RECITALS

WHEREAS, Provider is engaged in the business of manufacturing, supplying, and delivering furniture and related goods, including beds and bedding systems, and is willing to grant Client an exclusive option to purchase or lease specified bed furniture on the terms set forth herein;

WHEREAS, Client desires to secure an option to select, reserve, and if elected, purchase or lease certain bed furniture items ("Optioned Items") from Provider under the payment, delivery, and acceptance terms set forth in this Agreement;

WHEREAS, the parties intend for this Furniture Bed Option Form to set forth the material terms governing selection, pricing, payment, delivery, and the exercise or expiration of the option granted to Client;

SCOPE OF WORK

BED OPTION SELECTIONS

Select available bed types (check applicable):

Platform Bed Storage Bed Upholstered Bed

PAYMENT TERMS

Option Fee (non-refundable unless otherwise stated): $ due on or before Option Effective Date:

Late Payment Fee: or per month on overdue balances, whichever results in greater recovery for Provider.

DELIVERY, ACCEPTANCE, AND INSTALLATION

Delivery Method:

Anticipated Delivery Date:

TERM AND TERMINATION

Option Start Date:     Option Expiration Date:

Termination by Notice: Either party may terminate this Agreement for convenience upon written notice to the other party delivered at least prior to the intended termination date. Termination for material breach shall be effective upon written notice if the defaulting party fails to cure a material breach within after receipt of written notice describing the breach.

CONFIDENTIALITY

The parties acknowledge that, in connection with this Agreement, each may disclose confidential information, including pricing, drawings, manufacturing specifications, and customer information ("Confidential Information"). Each party agrees to hold Confidential Information in strict confidence, to use it solely for performance of this Agreement, and not to disclose it to any third party except employees or contractors with a need to know who are bound by similar confidentiality obligations. Confidentiality obligations survive termination of this Agreement for a period of three (3) years, except for trade secrets, which shall be protected to the extent permitted by law for as long as they remain trade secrets.

LIMITATION OF LIABILITY

Except for willful misconduct or fraud, neither party shall be liable to the other for special, incidental, consequential, or punitive damages (including lost profits), whether arising in contract, tort, or otherwise. Provider's aggregate liability for claims arising from this Agreement shall not exceed the total amounts paid by Client to Provider under this Agreement for the Optioned Items giving rise to the claim.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the state of without regard to conflict of law principles.

ENTIRE AGREEMENT

This document, together with any exhibits or schedules expressly incorporated herein, constitutes the entire agreement between the parties concerning the subject matter and supersedes all prior or contemporaneous understandings, proposals, or agreements, whether written or oral. Any amendment must be in writing and executed by authorized representatives of both parties.

ADDITIONAL PROVISIONS

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