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This Third Amendment extends the Bookstore Operating Agreement between Heartland Community College and Follett Higher Education Group Inc. for five years, from June 1, 2021, to May 31, 2026. It also amends a financial provision, requiring Follett to provide $10,000 annually to the College's foundation.
Effective Date
Jun 1, 2021
Expires
Effective: Jun 1, 2021
Expires:
This Third Amendment extends the Bookstore Operating Agreement between Heartland Community College and Follett Higher Education Group Inc. for five years, from June 1, 2021, to May 31, 2026. It also amends a financial provision, requiring Follett to provide $10,000 annually to the College's foundation.
ActiveThis Bookstore Operating Agreement is between Renton Technical College (School) and Follett Higher Education Group, LLC. (Follett). It defines the terms for Follett to operate a bookstore for the School, effective from November 1, 2023, to October 31, 2026, with provisions for automatic renewal. Key aspects include Follett's investment in capital equipment, operational responsibilities, exclusive sales rights for traditional bookstore merchandise (with specific exceptions), pricing policies, and a commission structure payable by Follett to the School based on gross revenue. The agreement also details early termination conditions, rights upon termination, insurance requirements, and indemnification.
Effective Date
Nov 1, 2023
Expires
Effective: Nov 1, 2023
Expires:
This Bookstore Operating Agreement is between Renton Technical College (School) and Follett Higher Education Group, LLC. (Follett). It defines the terms for Follett to operate a bookstore for the School, effective from November 1, 2023, to October 31, 2026, with provisions for automatic renewal. Key aspects include Follett's investment in capital equipment, operational responsibilities, exclusive sales rights for traditional bookstore merchandise (with specific exceptions), pricing policies, and a commission structure payable by Follett to the School based on gross revenue. The agreement also details early termination conditions, rights upon termination, insurance requirements, and indemnification.
ActiveThis Agreement between Central New Mexico Community College (CNM) and Follett Higher Education Group, Inc. (Follett) outlines the terms for Follett to provide retail services and bookstore development and management services at CNM. Key aspects include Follett operating and managing campus bookstores, including a new facility (CNM Marketplace) which involves specific construction contributions from both parties ($1,000,000 from CNM for "White Box" and $1,000,000 from Follett for finish-out). The agreement commences upon the issuance of a Certificate of Occupancy for CNM Marketplace and continues until June 30, 2029, with an existing agreement covering the interim period. Follett will pay CNM a monthly commission based on sales, with a Guaranteed Annual Income of at least $1,025,000 for the first year. The contract details responsibilities, pricing, sales, rentals, systems, insurance, and indemnification.
Effective Date
Aug 2, 2019
Expires
Effective: Aug 2, 2019
This Agreement between Central New Mexico Community College (CNM) and Follett Higher Education Group, Inc. (Follett) outlines the terms for Follett to provide retail services and bookstore development and management services at CNM. Key aspects include Follett operating and managing campus bookstores, including a new facility (CNM Marketplace) which involves specific construction contributions from both parties ($1,000,000 from CNM for "White Box" and $1,000,000 from Follett for finish-out). The agreement commences upon the issuance of a Certificate of Occupancy for CNM Marketplace and continues until June 30, 2029, with an existing agreement covering the interim period. Follett will pay CNM a monthly commission based on sales, with a Guaranteed Annual Income of at least $1,025,000 for the first year. The contract details responsibilities, pricing, sales, rentals, systems, insurance, and indemnification.
ActiveThis Bookstore Operating Agreement is between Clackamas Community College (CCC) and Follett Higher Education Group, LLC. It outlines the terms for Follett to operate CCC's campus bookstore, providing course materials, technology integration, general merchandise, and customer services. The agreement is effective from July 27, 2023, until June 30, 2026, with options for renewal. Key financial terms include Follett paying commissions to CCC based on sales ($5.0% up to $1,000,000 and $6.0% above), a one-time $200,000 payment for Equitable Access program installation, a $35,000 investment by Follett for systems, and $2,000 annually for textbook scholarships. The contract also details the responsibilities of both parties regarding operations, compliance, staffing, pricing, and various legal and financial clauses.
Effective Date
Jul 27, 2023
Expires
Effective: Jul 27, 2023
Expires:
This Bookstore Operating Agreement is between Clackamas Community College (CCC) and Follett Higher Education Group, LLC. It outlines the terms for Follett to operate CCC's campus bookstore, providing course materials, technology integration, general merchandise, and customer services. The agreement is effective from July 27, 2023, until June 30, 2026, with options for renewal. Key financial terms include Follett paying commissions to CCC based on sales ($5.0% up to $1,000,000 and $6.0% above), a one-time $200,000 payment for Equitable Access program installation, a $35,000 investment by Follett for systems, and $2,000 annually for textbook scholarships. The contract also details the responsibilities of both parties regarding operations, compliance, staffing, pricing, and various legal and financial clauses.
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