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Final Version <br />obligations contained herein constitute the valid and binding obligations of such Party, subject to approval of <br />a Party's governing body, as may be required. <br />5. Return or Destruction. Unless, otherwise required by law, at any time upon the Disclosing <br />Party's written request, the Receiving Party shall return or destroy, at the Receiving Party's option, all written <br />Confidential Information of the Disclosing Party, including that portion of such Confidential Information that <br />may be found in analyses, compilations, studies or other documents prepared by, or for, the Receiving Party, <br />and the Receiving Party and its Representatives shall not retain any copies of such written Confidential <br />Information; provided, however, that Confidential Information may be retained by the Receiving Party to the <br />extent that retention of such Confidential Information is necessary to comply with the Receiving Party's <br />internal document retention policies aimed at legal, corporate governance or regulatory compliance and any <br />such retained Confidential Information shall remain subject to the disclosure and use restrictions set forth <br />herein, notwithstanding any termination or expiration of this Agreement. The Receiving Party shall, upon <br />written request of the Disclosing Party, cause one of its duly authorized officers to certify in writing to the <br />Disclosing Party that the requirements of the preceding sentence have been satisfied in full. The Receiving <br />Party shall not be deemed to have retained or failed to return or destroy any Confidential Information if <br />Confidential Information received or stored in digital format is deleted from local hard drives so long as no <br />attempt is made to recover such Confidential Information from servers or back-up sources, provided that any <br />such retained Confidential Information shall remain subject to the disclosure and use restrictions set forth <br />herein, notwithstanding any termination or expiration of this Agreement. <br />6. No Other Agreement. It is understood that this Agreement is not intended to and does not, <br />obligate any Party to enter into any further agreements or to proceed with any possible relationship or other <br />transaction, including without limitation the Transaction, or to require any Party to disclose any information <br />under this Agreement. Any pricing lists, proposals or summaries disclosed under this Agreement are <br />intended only to provide a framework for further discussions among the Parties. Pricing documents are not <br />an offer or a commitment of any Party. <br />7. No License. It is understood that nothing contained in this Agreement shall be construed as <br />granting or conferring rights by license or otherwise in any Confidential Information disclosed to Receiving <br />Party. Nothing in this Agreement is intended to prevent any Party hereto from using its own Confidential <br />Information which it furnished hereunder for dealings with third parties for any purpose. <br />8. Amendment. Any amendment to this Agreement must be in writing and signed by an <br />authorized representative of each Party. <br />9. No Assignment. This Agreement may not be assigned by any Party unless prior written <br />consent is obtained from the other Parties. <br />10. Non -Waiver. No waiver of any provision of this Agreement shall be deemed to be nor shall <br />constitute a waiver of any other provision whether or not similar, nor shall any waiver constitute a continuing <br />waiver. No waiver shall be binding unless executed in writing by the Party making the waiver. <br />11. Governing Law. This Agreement shall be governed by, and construed in accordance with <br />the laws of the State of Florida without regard to its conflict of law's provisions. Any disputes resulting in <br />litigation between the Parties shall be conducted exclusively in Indian River County, Florida for claims <br />brought in state court, and the Southern District of Florida for those claims justiciable in federal court. <br />3 <br />