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POSITRON -2004
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POSITRON -2004
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Last modified
3/23/2017 8:46:28 AM
Creation date
1/9/2006 5:04:16 PM
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Contracts
Company Name
Positron
Contract #
A-2004-229
Agency
Police
Council Approval Date
10/18/2004
Insurance Exp Date
12/31/2200
Notes
PER LAURA SHEEDY IPC IS FOR POSITRON. SHE WILL REQUEST LETTER FOR FILE AFFIRMING THIS.
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<br />\,., <br /> <br />8.2 Termination Due to Non.Payment: In the event of non~payment of any invoice when due. <br />SourceHarbor will notify the Parties of such delinquency. Any Party to this Agreement bas the right to <br />make payment to cure such default. If the past due fees are not received within thirty (30) days of such <br />nalitieation, SourceHarbor has the right to terminate this Agreement at any time with immediate effect. <br /> <br />8.3 Disposition of Escrow Deposit. In case of a termination of this Agreement for any reason - except <br />through a release procedure _ Licensor must within fifteen (15) calendar days from the termination notice <br />issue SourceHarbor written directions as to the handling of the Escrow Deposit. SourceHarbor will <br />follow those directions once all invoices are paid in fulL SourceHarbor is not obliged or responsible to <br />destroy or return the Escrow Deposit if the Escrow Deposit is needed for the fulfillment of another <br />continuing escrow agreement between SourceHarbor and Licensor. In the event of Non-Payment, <br />SourceHarbor has the right to destroy the Escrow Deposit. <br /> <br />8.4 Right to Destroy: If a direction is not issued within the limited time period mentioned in Section 8.3, <br />then Source Harbor has the right to destroy or delete the Escrow Deposit. <br /> <br />8.5 Survival of Terms Following Termination: The following provisions of this Agreement shall survive <br />upon termination: a) Representations of Licensor, b) the rights granted to release, c) the obligation to pay <br />fees. d) the provisions of Section 9, Section 10. and Section 11.2 and any provisions in this Agreement <br />that specifically state they survive the termination of this Agreement. <br /> <br />8.6 Successors: This Agreement shall inure to the benefit of and be binding upon the respective <br />successors and assigns of the parties. SourceHarbor must be provided clear instructions regarding any <br />successors and assigns of Licensee or Licensor. <br /> <br />Section 9: Arbitration <br /> <br />"--' <br /> <br />9.1 Arbitration: All legal action (including any provisional and protective measures) or claims, which <br />arise out of or in connection with this Agreement, its attachments and all subsequent amendments. <br />including but not limited to disputes over the conclusion of this Agreement, its validity. binding effect, <br />interpretation. fulfillment, presence of a Release Event and the associated obligation to consent of <br />Licensor to release to Licensee pursuant to Section 3, violation of this Agreement or cancellation and <br />non-contractual claims. will be decided through binding arbitration procedure pursuant to the expedited <br />procedures under the Commercial Rules of the American Arbitration Association. <br /> <br />9.2 Arbitration Process; The arbitrator(s) must commence the arbitral procedure immediately after the <br />initiation of the arbitration and must issue and send the orders regulating the procedure to the Parties. <br />Within a limitation period to be determined by the arbitrator(s). the claimant must state its claim and the <br />supporting facts. Also within a limitation period to be determined by the arbitrator(s), the respondent <br />must respond. These limitation periods should not ordinarily be longer than one week each, but may be <br />as short as two (2) days or as long as four (4) weeks. The location of any arbitration procedure pursuant <br />to this Agreement shall be in the State of California.. <br /> <br />Section 10: Liability <br /> <br />Licensor and Licensee each agree to indemnify, defend and hold harmless Source Harbor from any and all <br />claims, damages, actions, arbitration fees and expenses, attorney's fees. costs and other liabilities incurred <br />by SourceHarbor relating in any way to this Agreement, except where it is adjudged that SourceHarbor <br />acted with gross negligence or willful misconduct. In no case shall SourceHarbor be liable for lost protits <br /> <br />Page 5 <br /> <br />SourceHarbor HarborTcch Escrow A.greement <br />e 2005 Source Harbor, Inc. 112005. A.ll Rights Reserved. <br /> <br />'-' <br /> <br />
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