Approval of Bookstore Contract
Follett will operate the on-campus bookstore and an off-campus “pop-up” store, providing textbooks, course materials, emblematic apparel, merchandise, and technology.
Provide and maintain safe, compliant bookstore facilities, utilities, HVAC, pest control, and building services at no cost to Follett.
Purchase or cause to be purchased all inventory on hand if the contract ends (except termination for cause).
Pay Follett invoices (ACCESS Program, financial aid transactions, etc.) within 30 days.
Ensure faculty provide timely and accurate textbook adoption information.
Integrate KSU systems (financial aid, student information, LMS) with Follett systems.
Invest up to $50,000 in store improvements (furniture, fixtures, equipment, technology).
Maintain and staff the bookstore at industry standards, including student employment opportunities.
Provide customer-friendly policies, including refunds and price-match guarantees.
Operate a full-service website and social media presence for the store.
Provide insurance coverage (liability, auto, workers' comp, umbrella) and indemnify KSU for Follett's negligence.
Termination for Cause or Convenience: Either party may terminate with appropriate notice.
University Liabilities if Early Termination/Non-Renewal (not for cause):
Repayment of Follett's unamortized investments (store remodeling, payments).
Purchase of remaining inventory at agreed terms.
Funding-Out Provision: KSU may terminate without penalty if state funding is unavailable.
The University would be responsible for the collection of the Book Fees to offset the costs of ACCESS Program offered by Follett to students.