Terms and Conditions
Resident Company Club LLC
113 University Place, 4th Floor, New York, NY 10003
Effective Date: July 9, 2025
1. DEFINITIONS
“Company” refers to Resident Company Club LLC.
“Member” refers to any individual or entity entering into a membership agreement with the Company.
“Premises” refers to the coworking space located at 113 University Place, 4th Floor, New York, NY 10003, and any other affiliated locations operated by the Company.
2. MEMBERSHIP AND ACCESS
2.1. Membership Options: The Company offers shared desks, dedicated desks, private offices, day passes, virtual offices, meeting room bookings, event space rentals, podcast studio, and photo studio access.
2.2. Access Hours: All Members will receive 24/7 access to the Premises unless otherwise specified in their membership agreement.
2.3. Guest Access: Guest access shall be governed by the Company’s house rules applicable at each location.
3. PAYMENTS AND CANCELLATIONS
3.1. Billing: Membership fees shall be billed monthly, quarterly, or annually, as outlined in the Member’s specific agreement.
3.2. Deposits: A refundable security deposit is required for private office memberships.
3.3. Late Fees: Payments not received within five (5) days of the due date shall be subject to a late fee as specified in the Member’s agreement.
3.4. Termination: Memberships may be terminated by either party with thirty (30) days written notice unless otherwise stated in the membership agreement. Early termination or breach may incur penalties.
4. INSURANCE AND LIABILITY
4.1. Company Insurance: The Company maintains general liability, umbrella, and property insurance for the Premises.
4.2. Member Insurance: Members are required to carry personal property insurance and commercial general liability insurance covering themselves and their business operations.
4.3. Damage: Members are liable for any damage caused to the Premises by themselves, their employees, agents, or guests.
5. USE OF PREMISES AND CONDUCT
5.1. Acceptable Use: Members may operate any legal business consistent with applicable state and federal law. Illegal activity or use of the Premises for unlawful purposes is strictly prohibited.
5.2. Conduct: Members shall conduct themselves in a professional and respectful manner toward other Members and staff.
5.3. House Rules: Additional rules, including but not limited to noise levels, guests, and event hosting, may be outlined in the Company’s House Rules and are subject to change.
6. TERMINATION AND SUSPENSION
The Company may terminate or suspend membership immediately if the Member violates these Terms or any House Rules, or engages in unlawful, abusive, or unsafe conduct.
7. LIMITATION OF LIABILITY
To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or for loss of profits, revenue, data, or use. The Company’s total liability for any claim related to membership shall not exceed one (1) month of membership fees paid by the Member.
8. INDEMNIFICATION
Members agree to indemnify, defend, and hold harmless the Company, its employees, officers, agents, and affiliates from and against any claims, liabilities, damages, losses, and expenses arising out of or in connection with their use of the Premises.
9. GOVERNING LAW AND DISPUTE RESOLUTION
9.1. Governing Law: These Terms shall be governed by and construed in accordance with the laws of the State of New York.
9.2. Jurisdiction: Any disputes shall be resolved in the courts of New York County, New York.
9.3. Alternative Dispute Resolution: Before initiating legal proceedings, parties shall attempt to resolve disputes through mediation. If unresolved, the matter shall proceed to binding arbitration in New York City.
9.4. Waiver of Class Actions: Members waive the right to participate in any class action or representative proceeding.
10. MISCELLANEOUS
10.1. Modification: The Company reserves the right to amend these Terms at any time. Members will be notified of changes via email or posted notices.
10.2. Entire Agreement: These Terms, along with any signed membership agreement and House Rules, constitute the entire agreement between the Company and Member.
10.3. Severability: If any provision is deemed unenforceable, the remaining provisions shall remain in effect.