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QUMPUS Inc. dba Better World Books 7/11/2022
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QUMPUS Inc. dba Better World Books 7/11/2022
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Last modified
7/15/2022 9:56:58 AM
Creation date
7/15/2022 9:56:41 AM
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Contracts
Contractor's Name
QUMPUS Inc. dba Better World Books
Approval Date
7/11/2022
Department
Library
Department Project Manager
Meghan Edwards-Bond/Abigail Cooley
Subject / Project Title
Sales of Used Books/Materals
Tracking Number
0003423
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services
Retention Period
6 Years Then Destroy
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DocuSign Envelope ID:740736B3-DE1A-4F5F-9CB6-BCO2D2D381E5 <br /> 3.6 Seller can review records relating to the determination of Net Proceeds at BWB's client portal, and any amounts <br /> payable to Seller pursuant to Paragraph 3.2(a). <br /> 3.7 Seller may change its Payment Method at any time by submitting a written request via email to the Seller's <br /> designated BWB representative or Client Services. The new Payment Method will begin the month following written <br /> notice by Seller to BWB. <br /> ARTICLE IV <br /> Unsold Books <br /> 4.1 BWB reserves the right to remove any book from a marketplace at any time. Any unsold books due to market <br /> demand, condition and/or failure to sell within a timeframe(to be determined solely by BWB)may be discarded by BWB <br /> in an environmentally sensitive manner, recycled, or donated at any time by BWB to a Literacy or Education Partner or <br /> any other eligible organization of BWB's choosing. BWB shall not owe Seller or the selected Literacy or Education <br /> Partner any further compensation for any unsold Surplus Books which are discarded, recycled, donated or have been <br /> listed for sale by the Purchaser for longer than three hundred and sixty-five (365)days. <br /> ARTICLE V <br /> Term and Termination <br /> 5.1 This Agreement shall take effect on the Effective Date and shall continue thereafter from the Effective Date <br /> ("Initial Term") if or until terminated by either Party pursuant to Section 5.2 herein. <br /> 5.2 Notwithstanding anything herein to the contrary, the Parties agree that either Party has the right to terminate <br /> this Agreement with thirty(30)-days' notice to the other Party, and thereafter, BWB has the right to refuse to purchase <br /> any more Surplus Books from Seller, and Seller has the right to refuse to sell any more Surplus Books to BWB. <br /> ARTICLE VI <br /> Title to Property <br /> 6.1 Title to Seller's Surplus Books that Seller supplies to BWB shall pass to BWB when Seller ships the Surplus <br /> Books to BWB or its agent, or when BWB picks up the Surplus Books from a location designated by Seller. Nothing in <br /> this Agreement shall be construed as creating a bailment or consignment relationship between BWB and Seller. <br /> ARTICLE VII <br /> Miscellaneous <br /> 7.1 Any notice required or permitted to be given to either Party shall be in writing and shall be deemed to be <br /> sufficiently given and received in all respects when either Party personally delivers or emails the notice to other the Party <br /> at the Notice Email as below listed. <br /> 7.2 All terms, covenants and conditions of this Agreement are contained herein. There are no other warranties, <br /> obligations, covenants, or understandings between the Parties other than those expressed herein. Any prior <br /> agreements, warranties, obligations, covenants or understandings between the Parties other than those expressed <br /> herein are superseded by this Agreement. <br /> 7.3 This Agreement may not be assigned by either Party without the express prior written consent of the other Party <br /> hereto. Such written consent shall not be unreasonably withheld by either Party, provided, however,that this Agreement <br /> and the rights and remedies of the Parties hereto shall inure to the benefit of the Parties and their corporate successors <br /> or the purchasers of substantially all of the assets or stock of either Party.Subject to the terms of the foregoing sentence, <br /> this Agreement shall be binding upon the Parties hereto and their respective successors, legal representatives, and <br /> permitted assigns. <br /> 7.4 The failure of either Party to enforce any part of this Agreement or the failure of either Party to declare a default <br /> shall apply only to that particular instance and shall not operate as the Party's continuing waiver or estoppel barring <br /> enforcement of any term or provision herein. <br /> BWB Sales Agreement—US—LDR 2.8.19 <br /> -4- <br />
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