1. Parties and purpose
This Vendor Space License Agreement is between Two Geko Productions LLC, operating TheBank – Market, Culture & Event Center and acting on behalf of the property owner (“Management”), and the approved vendor (“Vendor”). It grants limited permission to use a designated vendor space within TheBank. It is not a commercial lease and does not create a landlord-tenant relationship or permanent right of possession.
2. Assignment and use
Vendor may use only the space and business activity approved by Management. The license may not be transferred, assigned, or subleased. Management retains control of the property and may relocate Vendor to a reasonably comparable location for events, construction, maintenance, safety, fire-code compliance, or operational needs.
3. Term and payment
The approved offer identifies the space, term, rate, due date, and included amenities. Vendor must keep all charges current. Late or returned payments may result in fees, suspension of access, or termination. A submitted application does not reserve a space until Management approves the request and required payment is received.
4. Month-to-month notice
A month-to-month Vendor may end the license by giving at least 30 calendar days’ written notice through the approved online notice process or another written method accepted by Management. Vendor remains responsible for charges through the notice period even if Vendor stops operating or removes property earlier.
5. Short-term cancellation
Daily, weekly, and event-only bookings are governed by the cancellation deadline shown in the approved offer. Unless the offer states otherwise, a cancellation at least seven calendar days before the scheduled date may be transferred once to another available date or credited toward a future booking. A cancellation fewer than seven calendar days before the scheduled date is nonrefundable unless Management cancels or approves an exception in writing.
6. No security deposit and personal guaranty
Management may approve space without a security deposit. In consideration of that accommodation, the individual signing personally guarantees the Vendor’s unpaid rent or license fees, notice-period obligations, documented damage beyond ordinary wear, abandoned-property costs, and other amounts lawfully due under this Agreement. The guaranty survives termination until all valid balances are paid.
7. Conduct and compliance
Vendor must maintain a clean, safe, professional space; keep merchandise inside the assigned area; keep exits and walkways clear; follow approved operating hours; maintain required licenses, permits, and insurance; comply with applicable law; and treat customers, staff, and other vendors respectfully. Illegal goods, counterfeit goods, hazardous materials, threats, harassment, unsafe conduct, unauthorized alterations, and disruptive activity are prohibited.
8. Property and damage
Vendor is responsible for its inventory, fixtures, equipment, cash, and personal property. Management and the property owner are not responsible for theft, vandalism, fire, water, weather, utility interruption, customer conduct, or events beyond reasonable control, except where liability cannot legally be waived. Vendor is responsible for damage caused by Vendor, its workers, contractors, guests, or operations beyond ordinary wear.
9. Default and termination
Management may suspend access or terminate the license for nonpayment, illegal activity, threats, serious safety risks, material misrepresentation, abandonment, or material violation of the agreement or facility rules. When appropriate, Management may provide notice and a reasonable opportunity to correct the problem.
10. Property left behind
Vendor must remove all property when the license ends. Property left after termination may be handled in accordance with applicable New Mexico law. Management may charge reasonable removal, storage, cleaning, and disposal costs where permitted.
11. Electronic records and amendments
Vendor consents to electronic applications, notices, signatures, records, and copies. The approved offer, this agreement, submitted application, Community Standards, and written amendments form the complete agreement. Material changes must be documented in writing or electronically accepted.
12. Governing law
New Mexico law governs this Agreement. Any legal proceeding shall be brought in the appropriate court in Doña Ana County, New Mexico, unless the parties agree to another lawful resolution process.
