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OPEX CORPORATION (2)
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OPEX CORPORATION (2)
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Last modified
1/6/2022 4:32:53 PM
Creation date
1/6/2022 2:55:49 PM
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Contracts
Company Name
OPEX CORPORATION
Contract #
N-2022-006
Agency
Finance & Management Services
Expiration Date
9/30/2024
Insurance Exp Date
6/11/2022
Destruction Year
2029
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8. INTELLECTUAL PROPERTY INDEMNIFICATION <br />Contractor shall defend and indemnify the City, its officers, agents, representatives, and employees <br />against any and all liability, including costs, for infringement of any United States' letters patent, <br />trademark, or copyright infringement, including costs, contained in the work product or documents <br />provided by Contractor to the City pursuant to this Agreement, provided that Contractor is given prompt <br />notice of such claim and is given information, reasonable assistance, and sole authority to defend or settle <br />the claim. <br />8.1 Infringement Defense. In the defense or settlement of a claim pursuant to Paragraph 8 above, <br />Contractor may: (i) obtain for the City the right to continue using the Equipment; (ii) replace or modify the <br />Equipment so that it becomes non -infringing; or (iii) if remedies (i) and (ii) are not reasonably available, <br />grant the City a depreciated refund pro-rata based upon a sixty (60) month life, measured from the original <br />installation date of the Equipment. <br />8.2 Infringement Indemnification Limitations. Contractor shall not have any liability if the alleged <br />infringement is based upon the use or sale of the Equipment in combination with other products or devices <br />not furnished or approved by Contractor. CONTRACTOR DISCLAIMS ALL OTHER LIABILITY FOR <br />PATENT, COPYRIGHT OR TRADEMARK INFRINGEMENT, INCLUDING ANY INCIDENTAL OR <br />CONSEQUENTIAL DAMAGES, AND THE RIGHTS STATED HEREIN ARE THE CITY'S SOLE AND <br />EXCLUSIVE REMEDY. <br />9. RECORDS <br />Contractor shall keep records and invoices in connection with the work to be performed under this <br />Agreement. Contractor shall maintain complete and accurate records with respect to the costs incurred <br />under this Agreement and any services, expenditures, and disbursements charged to the City for a <br />minimum period of three (3) years, or for any longer period required by law, from the date of final payment <br />to Contractor under this Agreement. All such records and invoices shall be clearly identifiable. Contractor <br />shall allow a representative of the City to examine, audit, and make transcripts or copies of such records <br />and any other documents created pursuant to this Agreement during regular business hours. Contractor <br />shall allow inspection of all work, data, documents, proceedings, and activities related to this Agreement <br />for a period of three (3) years from the date of final payment to Contractor under this Agreement. <br />10. CONFIDENTIALITY <br />If either party (either a "Disclosing Party" or "Receiving Party") receives from the other party <br />information which due to the nature of such information is reasonably understood to be confidential and/or <br />proprietary, the Receiving Party agrees that it shall not use or disclose such information except in the <br />performance of this Agreement, and further agrees to exercise the same degree of care it uses to protect its <br />own information of like importance, but in no event less than reasonable care. "Confidential Information" <br />shall include all nonpublic information. Confidential information includes not only written information, <br />but also information transferred orally, visually, electronically, or by other means. Confidential <br />information disclosed to either party by any subsidiary and/or agent of the other party is covered by this <br />Agreement. The foregoing obligations of non-use and nondisclosure shall not apply to any information <br />that (a) has been disclosed in publicly available sources; (b) is, through no fault of the Receiving Party <br />disclosed in a publicly available source; (c) is in rightful possession of the Receiving Party without an <br />Page 6 of 10 <br />
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