HUMPHRIES, VALERIE R. - Laserfiche WebLink

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26. ARBITRATION CLAUSE All claims or disputes between the OWNER and CONTRACTOR arising out of or related to the work shall be decided by arbitration in accordance with the construction industry arbitration rules of the American Arbitration Association, unless the parties mutually agree otherwise. Initial arbitration fees will be paid in equal shares by the OWNER and CONTRACTOR, unless otherwise agreed to by the parties. The OWNER and CONTRACTOR shall submit all disputes or claims, regardless of the extent of the work's progress, to unless the parties mutually agree otherwise. Notice of demand for arbitration shall be tiled in writing with the other party to this Contract, and shall be made within a reasonable time after the dispute has arisen. The award rendered by the arbitrator shall be final, and judgment may be entered upon it in accordance with applicable Iaw in any court having jurisdiction thereof. If the arbitrator's award is in a sum which is less than that which is offered in settlement by the CONTRACTOR, the arbitrator may award costs and arbitration related attorney's fees in favor of the CONTRACTOR. If the award of the arbitrator is in a stun greater than that which was offered in settlement by the OWNER, the arbitrator may award costs and arbitration -related attorney's fees in favor of the OWNER. 27. ATTORNEY'S FEES Should any litigation be commenced between the parties to this Contract concerning the work which is the subject of this Contract any provision of this Contract, or the rights and obligations of either in relation thereto, the party prevailing in the litigation shall be entitled, in addition to such other relief as may be granted, to a reasonable sum as and for the partys attorneys fees in the litigation. 28. TIME OF ESSENCE The limits stated in this Contract are of the essence of this Contract. 29. GENDER AND NUMBER As used herein, the masculine shall include the feminine and masculine, and the singular shall include the plural. 30. EXCLUSIVITY OF CONTRACT This Contract supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to employment of CONTRACTOR by OWNER, and contains all the covenants and conditions between the parties with respect to employment of CONTRACTOR by OWNER, and contains all the covenants and conditions .between the parties with respect to such employment in any manner whatsoever. Each party to this Contract, acknowledges that no representations, inducements, promises, or agreement, orally or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that any other agreement or amendment to this Contract shall be effective only if executed in writing and signed by OWNER and CONTRACTOR and approved by the Agency. Exhibit "R" 7