Fill and Sign the Parking Agreement Template Form

Valet Parking Agreement Agreement made on the _________________ (date) , between ____________________ (Name of Owner) , a corporation organized and existing under the laws of the state of ______________, with its principal office located at ___________________________________ _____________________________________ (street address, city, county, state, zip code) , referred to herein as Owner , and _____________________ (Name of Valet Parking Service) , a corporation organized and existing under the laws of the state of ______________, with its principal office located at ________________________________________________________ _______________________ (street address, city, county, state, zip code) , referred to herein as Contractor . Whereas, Owner is having a (describe event) ________________________________ ___________________________________________, hereinafter called Event , and wishes to provide valet parking to its customers on ____________________________________ (dates) ; and Whereas, Contractor desires to provide such valet parking services pursuant to the terms of this Agreement; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Grant of License. Owner hereby grants to Contractor a license on the aforementioned dates to use a maximum of _______ spaces in Owner ’s parking lot (the Parking Lot ) located directly to the (e.g., west of property owned by Contractor located at the address set forth above) _____________________________________________________________________ ____________________, hereinafter called Owner ’s Property , for the purpose of providing valet parking services on _____________________________________ (dates) during said Event. 2. Event. The Event will take place on ___________________________________ (dates) at _______________________ (times of day) . 3. Term of Agreement . The term of this Agreement shall commence as of ________________ (date) and shall continue until _________ (time) on __________________ (date) . 4. The Parking Lot shall be used only by Owner to provide valet parking services for automobiles and motorcycles to the patrons, visitors and invitees of the Owner . Contractor shall use the Parking Lot in a businesslike manner and in strict accordance with the terms of this Agreement. The Parking Lot shall be used for vehicle parking and related purposes, and for no other use or purpose. Contractor shall charge the rate described as follows which is initialed by Owner : A. $__________ per hour, per valet attendant. ( Owner’s initials ___________). B. A flat rate of $___________. ( Owner’s initials ______________). Payment is due within fifteen (15) days of the invoice date. 5. Contractor shall provide appropriate signage, including any directional signage deemed necessary or advisable by Contractor or Owner , regarding the valet parking service, as well as experienced parking attendants during all hours of the Event. Said attendants shall be responsible for receiving, parking and delivering the vehicles belonging to the patrons, visitors and invitees of the Event for all valet parking spaces supplied. The parking attendants shall be on-duty and available during one hundred percent of the Event hours. 6. Contractor shall use any parking control equipment currently installed in the Parking Lot or otherwise supplied by Owner at all times. Contractor shall procure and pay for any and all permits or licenses necessary for the Event and for its parking operations on the Parking Lot. 7. Compliance with Legal Requirements. Contractor shall at its sole cost and expense promptly comply with all laws, statutes, ordinances and governmental rules, regulations or requirements now in force or which may hereafter be in force, with the requirements of any board of fire underwriters or other similar body now or hereafter constituted, with any direction or occupancy certificate issued pursuant to any law by any public officer or officers, as well as the provisions of all recorded documents affecting the Parking Lot, insofar as they relate to or affect Contractor ’s use or occupancy of the Parking Lot, excluding any requirements for alterations or repairs not related to or affected by Contractor's use of the Parking Lot. Contractor shall at its sole cost and expense comply with any and all applicable laws of the City of __________________ (name of city) . 8 Indemnification . Contractor shall protect, defend, indemnify and hold harmless Owner , its employees, agents and representatives from any and all claims, demands, losses, costs, liabilities and damages arising out of Contractor ' s use or occupation of the Parking Lot, arising out of the acts or omissions of Contractor , its agents, and/or employees or any breach by Contractor of any provision of this Agreement. 9. Owner's Right of Access. Owner shall have the right to enter the Parking Lot at any time to inspect the Parking Lot and to determine whether Contractor is complying with all its obligations under this Agreement . 10. Insurance. Contractor , at its cost and expense, shall maintain the following policies of insurance: A. Commercial general liability insurance, including coverage for garage keepers liability, with a combined single limit of not less than $_______________; B. Said liability insurance shall be in form and with an insurer reasonably satisfactory to Owner , shall name Owner and the Contractor as co-insured’s; and C. Workers' Compensation Insurance as required by ______________ (name of state) . 11. Breach of Contract and Termination. A. Either party shall have the right to terminate this Agreement at any time for cause which shall be deemed to mean the breach of any material term of this Agreement. B. The occurrence of any of the following shall, at the option of either party, and with due notice as provide herein, c onstitute a breach of a material term of this Agreement: 1. Owner fails to pay any invoice from Contractor such failure shall continue for _____ days; 2. Owner fails to perform any other covenant in this Agreement and such failure continues for _____ days after written notice by Contractor to Owner ; and 3. Contractor fails to perform any other covenant in this Agreement and such failure continues for _____ days after written notice by Owner to Contractor ; C. Upon termination of this Agreement, Contractor shall yield and deliver peaceably to Owner possession of the Parking Lot. D. If Owner terminates this Agreement without cause, Owner shall pay Contractor the sum of $_________ as liquidated damages. 12. No partnership, joint venture or other business relationship shall be implied or inferred from the business transactions contemplated hereunder and Owner and Contractor each expressly disclaims any such partnership, joint venture or other business relationship. 13. Severability The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 14. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 15. Governing Law This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of _____________. 16. Notices Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. 17. Attorney’s Fees In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees. 18. Mandatory Arbitration Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 19. Entire Agreement This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 20. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 21. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 22. In this Agreement, any reference to a party includes that party's heirs, executors, administrators, successors and assigns, singular includes plural and masculine includes feminine. WITNESS our signatures as of the day and date first above stated. _________________________ _________________________ (Name of Contractor) (Name of Owner) By:______________________________ By:_____________________________ ________________________________ ________________________________ (P rinted name & Office in Corporation) (P rinted name & Office in Corporation ________________________________ ________________________________ (Signature of Officer) (Signature of Officer)