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ARTICLE 2 - CONTRACT TERM <br />This agreement will be effective for one year, with two one-year renewals available. <br />ARTICLE 3 - INDEMNIFICATION <br />VENDOR shall indemnify and hold harmless the OWNER, and its officers and employees, from liabilities, <br />damages, losses and costs, including, but not limited to, reasonable attorney's fees, to the extent caused by <br />the negligence, recklessness, or intentional wrongful misconduct of the VENDOR and persons employed or <br />utilized by the VENDOR in the performance of the Work. <br />ARTICLE 4 - MISCELLANEOUS <br />5.01 No assignment by a party hereto of any rights under or interests in the Agreement will be binding <br />on another party hereto without the written consent of the party sought to be bound; and, specifically but <br />without limitation, moneys that may become due and moneys that are due may not be assigned without <br />such consent (except to the extent that the effect of this restriction may be limited by law), and unless <br />specifically stated to the contrary in any written consent to an assignment, no assignment will release or <br />discharge the assignor from any duty or responsibility under the Contract Documents. <br />5.02 OWNER and VENDOR each binds itself, its partners, successors, assigns, and legal representatives <br />to the other party hereto, its partners, successors, assigns, and legal representatives in respect to all <br />covenants, agreements, and obligations contained in the Contract Documents. <br />5.03 Any provision or part of the Contract Documents held to be void or unenforceable under any Law <br />or Regulation shall be deemed stricken, and all remaining provisions shall continue to be valid and binding <br />upon OWNER and CONTRACTOR, who agree that the Contract Documents shall be reformed to replace such <br />stricken provision or part thereof with a valid and enforceable provision that comes as close as possible to <br />expressing the intention of the stricken provision. <br />5.04 This Agreement shall be governed by the laws of the State of Florida. Venue for any lawsuit brought <br />by either party against the other party or otherwise arising out of this Agreement shall be in Indian River <br />County, Florida, or, in the event of a federal jurisdiction, in the United States District Court for the Southern <br />District of Florida. <br />Article 5: - TERMINATION OF CONTRACT <br />A. The occurrence of any of the following shall constitute a default by VENDOR and shall provide the <br />OWNER with a right to terminate this Contract in accordance with this Article, in addition to <br />pursuing any other remedies which the OWNER may have under this Contract or under law: <br />(1) if in the OWNER's opinion VENDOR is improperly performing work or violating any <br />provision(s) of the Contract Documents; <br />(2) if VENDOR assigns this Contract or any money accruing thereon or approved thereon; or <br />(5) if VENDOR abandons the work, is adjudged bankrupt, or if he makes a general assignment <br />for the benefit of his creditors, or if a trustee or receiver is appointed for VENDOR or for any of <br />his property. <br />