This Addendum ("Addendum") is part of and incorporated into the Marketing Vendor Agreement ("Agreement") between Craftsman Painter, Inc. ("Company") and [Vendor Name] ("Vendor").
If Vendor participates in the Company's optional Vehicle Advertising Program ("Program"), Vendor agrees to be bound by the following terms and conditions:
Vendor agrees to display Company's name, logos, and other Brand Assets ("Advertising") on a "Qualified Work Vehicle" (as defined in Section 2) owned and operated by the Vendor. In exchange, Company will pay Vendor the compensation set forth in Section 4.
Vendor represents and warrants that the vehicle used for this Program (the "Vehicle") meets all of the following requirements:
Vendor must receive Company's prior written approval of the specific Vehicle, which may be via email, before any Advertising is applied.
Company shall provide the Advertising (e.g., vinyl wrap, decals, or magnets) to Vendor. Vendor is responsible for the professional installation of any applied Advertising. Vendor agrees to maintain the Advertising and keep it clean and in good condition. Company is not responsible for any damage to the Vehicle's paint or body resulting from the installation, presence, or removal of the Advertising.
In consideration for the display of the Advertising, Company will pay Vendor a fee of One Hundred Fifty Dollars ($150.00) per month. This fee will be paid monthly in arrears, provided Vendor has been in full compliance with the terms of this Addendum for the preceding month.
Throughout the term of this Program, Vendor must procure and maintain, at its own expense, the following insurance:
Failure to maintain this insurance constitutes an immediate material breach of the Agreement.
Vendor is an independent contractor, and the Vehicle is owned, operated, and controlled exclusively by Vendor. Vendor agrees to indemnify, defend, and hold harmless Company from any and all claims, liabilities, losses, and damages (including attorneys' fees) arising from or related to the Vendor's ownership, operation, or maintenance of the Vehicle, whether or not the Vehicle is displaying the Advertising at the time of the incident.
Company may terminate this Program at any time, for any reason, with thirty (30) days' written notice. Vendor may terminate participation in this Program with thirty (30) days' written notice. Upon termination, Vendor agrees to immediately and professionally remove all Company Advertising from the Vehicle.