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FIFTH ASSEST, INC. dba DEBTBOOK
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FIFTH ASSEST, INC. dba DEBTBOOK
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Last modified
7/3/2025 10:07:35 AM
Creation date
7/3/2025 10:06:39 AM
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Contracts
Company Name
DEBTBOOK (FIFTH ASSEST, INC.)
Contract #
N-2025-156
Agency
Finance & Management Services
Expiration Date
5/14/2027
Insurance Exp Date
11/1/2025
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Doauslgn Envelope ID:4FF851C3,ODES-4C70-8186-6D7B11119215 <br /> Party Claims based on Customer's or any Authorized User's negligence or willful misconduct or use of the Services in a manner <br /> not authorized by the Agreement. DEBTBOOK EXPRESSLY AGREES THAT THIS PROVISION WILL NOT APPLY TO ANY CUSTOMER <br /> THAT IS A GOVERNMENT ENTITY TO THE EXTENT SUCH INDEMNIFICATION OBLIGATIONS ARE PROHIBITED UNDER APPLICABLE <br /> LAW. <br /> 9. Limitations of Liabllity.EXCEPTAS EXPRESSLY OTHERWISE PROVIDED IN THISSECTION,IN NO EVENT WILL EITHER PARTY <br /> BE LIABLE UNDER OR IN CONNECTION WITH THE AGREEMENT UNDER ANY LEGAL OR EQUITABLE THEORY,INCLUDING BREACH <br /> OF CONTRACT,TORT(INCLUDING NEGLIGENCE),STRICT LIABILITY,AND OTHERWISE, FOR ANY CONSEQUENTIAL, INCIDENTAL, <br /> INDIRECT,EXEMPLARY,SPECIAL, ENHANCED,OR PUNITIVE DAMAGES,REGARDLESS OF WHETHER EITHER PARTY WAS ADVISED <br /> OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES OR SUCH LOSSES OR DAMAGES WERE OTHERWISE FORESEEABLE.EXCEPT AS <br /> EXPRESSLY OTHERWISE PROVIDED IN THIS SECTION,IN NO EVENT WILL THE AGGREGATE LIABILITY OF DEBTBOOK ARISING OUT <br /> OF OR RELATED TO THE AGREEMENT UNDER ANY LEGAL OR EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT <br /> (INCLUDING NEGLIGENCE),STRICT LIABILITY,AND OTHERWISE EXCEED THE TOTAL AMOUNTS PAID TO DEBTBOOK UNDER THE <br /> AGREEMENT IN THE 12-MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM.THE EXCLUSIONS AND LIMITATIONS <br /> IN THIS SECTION DO NOT APPLY TO CLAIMS PURSUANT TO SECTION S. <br /> 10, Term and T rmination. <br /> (a) Term.The Initial Term of the Agreement is set forth in the Order Form. In the event Customer has multiple <br /> terms,this Agreement will remain In effect until the expiration or termination of all Order Forms. <br /> (b) [intentionally omitted] <br /> (c) Termination.In addition to any other express termination right set forth in the Customer Terms: <br /> (1) DebtBook may terminate the Agreement immediately if Customer breaches any of Its obligations <br /> under Section 2 or Section 5; <br /> (ii) Customer may terminate the Agreement in accordance with the SLA; <br /> (III) either party may terminate the Agreement,effective on written notice to the other party, If the <br /> other party materially breaches the Agreement,and such breach:(A)is incapable of cure;or(B)being capable of cure, <br /> remains uncured 30 days afterthe non-breaching party provides the breaching partywith written notice of such breach; <br /> (iv) if Customer Is a Government Entity and sufficient funds are not appropriated to pay for the <br /> Application Services,then Customer may terminate the Agreement at anytime without penalty following 30 days prior <br /> written notice to DebtBeok;or <br /> (v) either party may,to the extent permitted by law,terminate the Agreement,effective Immediately <br /> on written notice to the other party,if the other party becomes insolvent or is generally unable to pay,or fails to pay, <br /> its debts as they become due or otherwise becomes subject,voluntarily or involuntarily,to any proceeding under any <br /> domestic or foreign bankruptcy or insolvency law. <br /> (d) Survival.Only this Section and Section 1(Definitions),Sections 4 through 6(Fees;Confidential Information; <br /> Intellectual Property),Section 7(c)(Disclaimer of Warranties),and Sections 8,9 and 12(Indemnification;Limitations of Liability; <br /> Miscellaneous)will survive anytermination or expiration of the Agreement. <br /> 11. Independent Contractor.The parties to the Agreement are Independent contractors.The Agreement does not create a <br /> joint venture or partnership between the parties, and neither party is, by virtue of the Agreement, authorized as an agent, <br /> employee,or representative of the other party. <br /> 12. Miscellaneous. <br /> (a) Governing Law:Submission to Jurisdiction.The Agreement will be governed by and construed in accordance <br /> with the laws of the Governing State,without regard to any choice or conflict of law provisions,and any claim arising out of the <br />
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