Free Restaurant Fundraising Agreement

This Restaurant Fundraising Agreement (the "Agreement") is entered into as of [Date], by and between:
[Your Company Name], a restaurant business with its principal office located at [Your Company Address] (hereinafter referred to as the "Restaurant"),
AND
[Partner's Name], an individual/organization with its principal office located at [Partner's Address] (hereinafter referred to as the "Fundraiser").
WHEREAS, the Restaurant is seeking to raise funds to support its operations and/or specific projects;
WHEREAS, the Fundraiser agrees to assist the Restaurant in its fundraising efforts under the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto agree as follows:
1. Objectives and Scope
1.1 Purpose:
The purpose of this Agreement is to outline the terms and conditions under which the Fundraiser will assist the Restaurant in raising funds.
1.2 Fundraising Goal:
The target amount to be raised through the fundraising efforts is $[Target Amount].
1.3 Use of Funds:
The funds raised will be used for the following purposes:
Renovation of the dining area: Enhancing the ambiance and comfort for our customers.
Upgrading kitchen equipment: Improving efficiency and quality of food preparation.
Employee training programs: Investing in staff development to provide better service.
1.4 Fundraising Activities
The Fundraiser agrees to organize and conduct the following activities to achieve the fundraising goal:
Charity Dinner Event: A special dinner event featuring a unique menu and live entertainment.
Silent Auction: Auctioning donated items and experiences to raise funds.
Online Crowdfunding Campaign: Utilizing social media and crowdfunding platforms to reach a wider audience and collect donations.
2. Responsibilities of the Parties
2.1 Responsibilities of the Restaurant:
Provide the Fundraiser with all necessary information and materials related to the fundraising activities.
Promote the fundraising activities through its marketing channels, including social media, website, and in-store promotions.
Ensure that all funds raised are used for the specified purposes.
2.2 Responsibilities of the Fundraiser:
Plan, organize, and execute the fundraising activities as outlined in Section 1.4.
Maintain accurate records of all funds raised and expenses incurred.
Provide regular updates to the Restaurant on the progress of the fundraising efforts.
Ensure that all fundraising activities comply with applicable laws and regulations.
3. Financial Arrangements
3.1 Contributions:
All contributions collected during the fundraising activities shall be handled as follows:
Contributions shall be collected by online payment; accepting cash, checks, and credit card payments or mobile payment apps .
Contributions shall be deposited into [Designated Account] within 30 days of collection.
3.2 Expenses:
The following expenses incurred by the Fundraiser shall be reimbursed by the Restaurant:
Marketing and promotional materials: Costs for advertising the fundraising activities.
Venue rental and setup costs: Expenses related to the location and setup for events.
Supplies and decorations: Items needed for the events, such as decorations, auction items, and catering supplies.
3.3 Profit Sharing:
Any net profit (total funds raised minus total expenses) from the fundraising activities shall be allocated as follows:
70% to the Restaurant
30% to the Fundraiser
4. Duration and Termination
4.1 Duration:
This Agreement shall commence on the date first written above and shall continue until [End Date] unless terminated earlier in accordance with this Section 4.
4.2 Termination:
Either party may terminate this Agreement by providing 30 days' written notice to the other party. In the event of termination, the Fundraiser shall provide a final accounting of all funds raised and expenses incurred up to the date of termination.
5. Confidentiality
5.1 Confidential Information:
Both parties involved mutually consent to maintain confidentiality and agree to not disclose any proprietary or confidential information that may be exchanged or revealed during the course of the fundraising activities.
5.2 Non-Disclosure:
Neither party is permitted to share any confidential information with any third party without obtaining prior written consent from the other party beforehand.
6. Indemnification
6.1 Indemnification by the Restaurant:
The Restaurant agrees to indemnify and hold harmless the Fundraiser from any claims, damages, or liabilities arising from the fundraising activities, except to the extent caused by the Fundraiser's gross negligence or willful misconduct.
6.2 Indemnification by the Fundraiser:
The Fundraiser agrees to indemnify and hold harmless the Restaurant from any claims, damages, or liabilities arising from the fundraising activities, except to the extent caused by the Restaurant's gross negligence or willful misconduct.
7. Miscellaneous
7.1 Governing Law:
All provisions encapsulated within this Agreement shall be governed by and construed in accordance with the laws of the State of [State].
7.2 Entire Agreement:
This Agreement represents the complete and exclusive understanding between the parties involved, effectively replacing and rendering obsolete all prior agreements, understandings, and negotiations that may have existed or been discussed before the formulation of this Agreement.
7.3 Amendments:
This Agreement may be modified or amended solely through a written document, which is required to be duly signed by all parties involved in order to validate any alterations or changes.
7.4 Waiver:
The fact that one party does not enforce any part of this agreement at any time should not be interpreted as a relinquishment or waiver of their right to do so at any other time, nor should it be seen as a waiver of that specific provision or any other provision contained within this agreement.
7.5 Severability:
Should any provision of this Agreement be deemed invalid or unenforceable by a court of competent jurisdiction, all other provisions shall remain in effect and continue to be fully enforceable.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
[Your Company Name]
[Your Name]
[Your Job Title]
[Date]
[Partner's Name]
[Partner's Name]
[Partner's Job Title]
[Date]
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Secure funding with Template.net's Restaurant Fundraising Agreement Template. This customizable and editable template, accessible through the Ai Editor Tool, helps you formalize fundraising terms. Personalize it to detail responsibilities, contributions, and timelines. Create a comprehensive agreement to ensure clear communication and successful fundraising efforts for your restaurant's financial needs.
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