CART acknowledges Organizer Clause Samples

CART acknowledges Organizer. Promoter's desire to be the official CART merchandiser at the events. Organizer/Promoter and CART will negotiate in good faith to complete a mutually acceptable agreement. In the event an agreement is not reached, the following will apply. CART or its licensed representative, shall have the right to sell official licensed CART merchandise from its own temporary concession facility and/or a facility supplied by the Organizer/Promoter as determined by CART. Official Event Concessionaire locations notwithstanding, CART or its licensed representative shall be given first choice for any and all of its vendor locations which shall be in a prominent, high-traffic location, generally near the paddock area. CART or its licensed representative shall pay to the Organizer/Promoter for each location including associated credentials and any required services, the lesser of the then current market price or a single fee of One Thousand Five Hundred ($1,500.00) Dollars. Sales information shall be confidential and proprietary property of CART or its licensed representative.