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99 SOUTH MLK, LLC
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Last modified
11/24/2021 3:18:42 PM
Creation date
11/24/2021 2:47:15 PM
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Contracts
Company Name
99 SOUTH MLK, LLC
Contract #
N-2021-236
Agency
City Attorney's Office
Destruction Year
N/A
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DocuSign Envelope ID: 6BDE4B89-79B8-46EA-8CDF-7CO3E2572266 <br />(b) Each Party has received or has had the opportunity to receive independent legal advice from <br />attorneys of such Party's choice with respect to the advisability of executing this Agreement and the <br />releases provided for herein, and prior to the execution of this Agreement by each Party, that Party's <br />attorney, if any, reviewed this Agreement and discussed the Agreement with such Party, and the Party has <br />made all desired changes. <br />(c) Except as expressly stated in this Agreement, each Party represents and warrants that it has <br />not made any statement or representation to any other Party regarding any facts relied upon by said other <br />Party in entering into this Agreement, and each Party specifically does not rely upon any statement, <br />representation, or promise of any other Party in executing this Agreement or in making the settlement <br />provided for herein, except as expressly stated in this Agreement. <br />(d) Each Party and its attorney(s), if any, has had a full and fair opportunity to investigate and <br />evaluate the transactions, documents, facts, circumstances, and disputes out of which this Agreement arises <br />prior to entering into this Agreement, and each Party hereto and their respective attorney(s), if any, have <br />made such investigation of the facts pertaining to this Agreement, and all of the matters appertaining <br />thereto, as they deem necessary. <br />(e) The terms of this Agreement are contractual and not a mere recital. <br />(1) By signing this Agreement, each Party represents and warrants that such Party has carefully <br />read this Agreement, that the contents hereof are known and understood by such Party, and that this <br />Agreement is signed freely by such Party. <br />(g) Each Party executing this Agreement in a representative capacity represents and warrants <br />that it is empowered to do so. <br />It. Enforcement of Settlement. The Parties agree that this Agreement is entered into pursuant <br />to California Code of Civil Procedure Section 664.6, and that the Court in which the Action is now <br />pending may retain jurisdiction over the parties to enforce this Agreement for a period of three (3) years, <br />including entry and enforcement of the Judgment and any appropriate orders upon motion of any Party <br />pursuant to the terms of the Agreement and California Code of Civil Procedure Section 664.6. <br />12. Attorney's Fees. Should any Party hereto institute any legal action or proceeding to enforce <br />any provision of this Agreement or for damages by reason of any alleged breach of any provision of this <br />Agreement, the prevailing Party shall be entitled to recover from the non -prevailing Party all costs and <br />.expenses, including, without limitation, reasonable attorney's fees, court costs, and disbursements actually <br />and reasonably incurred in connection with said proceeding. <br />13. No Admission. This Agreement is executed pursuant to a compromise and settlement <br />entered into by each of the Parties hereto without any admission of liability to each other, but solely for the <br />purpose of avoiding costly litigation on disputed claims and avoiding further uncertainty, controversy, and <br />legal expense. Without limiting the foregoing, neither the settlement of the dispute nor any consideration <br />provided by any Party, nor anything contained in this Agreement, shall be taken or construed to be an <br />inference or admission by any of the Parties or as evidencing or indicating in any degree the truth or <br />correctness of any claims or defenses asserted in the Action. <br />
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