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QUMPUS, INC.
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QUMPUS, INC.
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Last modified
1/3/2012 2:13:56 PM
Creation date
4/24/2007 5:04:20 PM
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Contracts
Company Name
QUMPUS, INC. d/b/a BETTER WORLD BOOKS
Contract #
N-2007-033
Agency
Library
Expiration Date
12/31/2008
Destruction Year
2013
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<br />ARTICLE V <br />Term and Termination <br /> <br />5.1 This Agreement shall commence as of the date hereof and shall continue thereafter until <br />December 31, 2008 ("Initial Term"). <br /> <br />5.2 This Agreement shall be open for renewal for additional periods of one year (each a <br />"Renewal Term") upon signature of a renewal contract. <br /> <br />5.3 Notwithstanding the provisions of Paragraphs 5.1 and 5.2 above, this Agreement and all <br />rights granted to the parties hereto shall immediately terminate upon the occurrence of any of the <br />following: <br /> <br />(a) At the option of SAPL, exercised by delivery of a written notice from SAPL to BWB, at any <br />time subsequent to the breach by BWB of its obligations to pay SAPL any amounts under <br />this Agreement in the time period and manner described in Article IV, above. <br /> <br />(b) At the option of either party, exercised by delivery of a notice to the other party, if the <br />other party shall have defaulted in any of its other obligations (excepting the payment <br />obiigations described in Subparagraph (a), above, which default is not remedied within thirty <br />(30) days after receipt of notice from such party to the other specifying the nature of such <br />default. <br /> <br />5.4 Notwithstanding anything herein to the contrary, BWB reserves the unilateral right to refuse to <br />accept any more Surplus Books from SAPL, thereupon terminating this Agreement, but such refusal <br />shall not affect its obligation to sell the Surplus Books already received from SAPL and inventoried for <br />sale. <br /> <br />ARTICLE VI <br />Confidentiality; Title to Property <br /> <br />6.1 BWB and SAPL agree that during the course of dealing with each other prior to and through <br />the term of this Agreement, each Party may have or may become aware of information regarding the <br />other Party that is confidential or proprietary in nature, including but not limited to information <br />concerning its business, processes, SAPL donors, SAPL's administration and its related offices, <br />software, marketing, pricing, formulas, customers, suppliers, vendors, operations, and finances. <br />Therefore, the Parties agree that they will take all reasonable steps necessary to maintain the <br />confidentiality of any such information, to treat any such information as confidential, and not to <br />disclose any such information to any third party without the prior written consent of the non-disclosing <br />Party, uniess such third party is an authorized agent or employee that must be familiar with such <br />information in the normal course of their work. The Parties agree not to use any information disclosed <br />between the Parties, or under this Agreement, for any purpose other than the purposes of this <br />Agreement. <br /> <br />6.2 Unless stated otherwise, the Parties agree that their obligations under this Section 6.1 shall <br />continue for the duration of the Agreement and for a period of two (2) years beyond any termination <br />or expiration of this Agreement. Failure to comply with any provisions in this Section 6 on the part of <br />either Party shall entitie the other Party to equitable remedies in addition to all other remedies at law <br />or under this Agreement. <br /> <br />-4- <br />
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