Vendor Agreement (test / to delete)

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Vendor Agreement (test / to delete)

Festival Currency Payment System Vendor Agreement


Festival Currency Pty. Ltd. is providing a payment system for the event that will be the means of payment at the festival for goods being sold
All parties agree to operate and enact this agreement
Please read, complete and sign the following terms & conditions of the Festival Currency Payment System.

BUSINESS DETAILS:

(The Vendor)

EVENT NAME & YEAR:

1. DEFINITIONS

Event Name and Year – The event and year you are attending.

Vendor – An exhibitor at the Festival receiving payments from customers via the Festival

Currency Payment System.
Vendor Revenue – The total amount collected by the Vendor through the Point of Sales System and the Festival Currency Wristbands.
Payment System – The system supplied by Festival Currency that will allow payments to be made by customers at the Festival.
Point of Sales System – The group of authorised devices that deduct Australian Dollar amounts from the customer’s Festival Currency Wristbands.


2. FESTIVAL CURRENCY PTY. LTD. GUARANTEES
Transparency of all transactions executed through the Cashless Point of Sales System and full reporting. Festival Currency provides the Festival Organiser provisional & final reports on the following:


a) Total amount received from wristband Sales at each Vendor (Vendor Revenue);
b) A summary breakdown of this amount by product by day;


Festival Currency provides all necessary equipment to enable the Vendor to conduct cashless payments on site.
Festival Currency provides all necessary training to use the simple to operate Point of Sales System.
Festival Currency provides on premise support to all vendors and visitors to the Festival.


3. VENDOR OBLIGATIONS


3.1 Obligations of the vendors to Festival Currency Pty. Ltd.


You must provide the listings and pricing of the goods to be sold at the Festival at least 14 days before the start of the event.
All products that you intend to sell at the Festival, including food, beverage, alcoholic products must contain a product name and a price.
Please note, if products for sale (and pricing) have not been added to the link provided, vendors run the risk of not being able to sell these products at the Festival.
You must allow Festival Currency employees, contractors and agents to enter your stall to the extent that is reasonably necessary to perform their obligations.
You must provide Festival Currency with all information and assistance they reasonably require to perform their obligations and to deal with any queries in relation to the provision of the Vendor Services.


3.2 Obligations of the vendors to the events visitor’s
You must accept any valid and acceptable Festival Currency Wristbands as a form of payment, in a transaction by supplying goods and/or services at your normal prices.
The price of your items must be consistent via all payment methods.
You must not add any surcharge to a transaction unless expressly required by the Festival Organiser in which case the surcharge must be included in the total price and not collected separately.
GST must also be included in the total sale price in accordance with Australian Taxation Laws.
You must take responsibility for all transactions with your customers for any goods and services provided, any payment transaction, related customer service, and dispute resolution.
For a visitor that has exhausted their festival currency purchase on their wristband, they should be directed to an on premise currency top-up seller, to ensure the transaction with the vendor can be completed.


4. USE OF POINT OF SALES SYSTEM
The vendor is fully responsible for the Point of Sales System supplied. For any damage, theft or loss or non-return of the Point of Sales System, an excess of up to AUD 1,000 will be deducted from the settlement amount.
You must facilitate the transmitting of the information from the Point of Sales System to the network in cooperation with the Festival Currency support team.
In case of misuse, loss of any Point of Sales System, Festival Currency cannot guarantee data recovery. Festival Currency will make all reasonable steps to recover data from lost or damaged equipment. However, if transactional data cannot be recovered from damaged or lost Point of Sales System devices, Festival Currency will not include those transactions in the final report issued to the event upon which the festival will base its payment to vendors.
You must return the POS equipment at the conclusion of trade each evening and will be re-issued with your POS device prior to trade on the following day.


5. DATA
Three types of data will be collected from the use of the Point of Sales System:
A. Data that is personal to the Vendor and can identify the vendor (eg: total vendor revenue),

B. Collective data that cannot identify the vendor (eg: total spend at festival) 

C. Personalised visitor data linking an attendee to their RFID wristband.
Data type A shall remain completely confidential between Festival Currency, the Vendor and the Festival Organiser. Data type B may be used by Festival Currency or the Festival Organiser for data analysis that may be made public but will not identify the Vendor. Data type C will be provided to the Festival organiser only.


6. FESTIVAL PAYMENTS
The vendor’s currency sales will be remitted within 5-7 working days following the conclusion of the event, minus any Festival commission agreed to between the Festival and the Vendor. This payment date allows for the accurate & final reconciliation of all payments for the purchase of Festival Currency and the compilation of the final Festival Currency reports.
Please note, the Festival is solely responsible for the collection of all funds and payment of those funds to the Vendors. Festival Currency does not withhold nor manage any funds affiliated with the Festival or the vendors.


7. DISCLAIMER
Festival Currency will make every effort to ensure that the equipment provided operates as specified and that a consistently high level of service is delivered to all Vendors.
7.1 Festival Currency will under no circumstances be liable to the vendor, whether in contract, tort, breach of statutory duty, or otherwise, for any loss of profit, or any indirect or consequential loss arising under or in connection with the Agreement.


7.2 The Vendor hereby indemnifies Festival Currency against any loss or damage arising from the Vendor’s use of any supplied materials.


7.3 Festival Currency will have no liability to the Vendor for any loss, damage, costs, expenses or other claims for compensation arising from any material or instructions supplied by Festival Currency which are incomplete, incorrect, inaccurate, illegible, out of sequence or in the wrong form, or arising from their late arrival or non-arrival, or any other fault of the supplier.


All vendors must return this completed agreement before any payment terminals are issued for use at the event.


ACCEPTED BY VENDOR:

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Signature Certificate
Document name: Festival Currency Payment System Vendor Agreement
lock iconUnique Document ID: 0f1801b6f1f9833a3783d0daf614d4945d8a07f1
Timestamp Audit
29th May 2024 4:59 pm AEDTFestival Currency Payment System Vendor Agreement Uploaded by Chris Koloadin - admin@festivalcurrency.com IP 92.40.195.180