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PROPERTYROOM.COM INC. 1
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PROPERTYROOM.COM INC. 1
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Last modified
10/21/2013 11:29:31 AM
Creation date
6/17/2009 11:25:00 AM
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Contracts
Company Name
PROPERTYROOM.COM INC.
Contract #
N-2009-029
Agency
POLICE
Expiration Date
4/14/2010
Insurance Exp Date
2/22/2006
Destruction Year
2015
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PROPERTY DISPOSITION SERVICES AGREEMENT <br />TERMS AND CONDITIONS <br />b. any breach of the Agreement by the party, or <br />c. any negligent act or omission by the party or its employees or agents in connection with the performance <br />by the party or its employees or agents of obligations hereunder, provided the negligent act or omission was <br />not done or omitted at the direction of the other party. <br />13. Limitations on Liability. UNDER NO CIRCUMSTANCES WILL EITHER PARTY BE LIABLE TO THE <br />OTHER PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY <br />DAMAGES (EVEN 1F THAT PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH <br />DAMAGES), ARISING FROM BREACH OF THE AGREEMENT, THE SALE OF PROPERTY, OR <br />ARISING FROM ANY OTHER PROVISION OF THE AGREEMENT, SUCH AS, BUT NOT LIlvIT!'ED TO, <br />LOSS OF REVENUE OR ANTICIPATED PROFITS OR LOST BUSINESS (COLLECTIVELY, <br />"DISCLAIMED DAMAGES'; PROVIDED THAT EACH PARTY WILL REMAIN LIABLE TO THE <br />OTHER PARTY TO THE EXTENT ANY DISCLAIMED DAMAGES ARE CLAIIvIED BY A THIRD <br />PARTY AND ARE SUBJECT TO INDEMNIFICATION PURSUANT TO THE AGREEMENT. LIABILITY <br />ARISING UNDER TILE AGREEMENT W]LL BE LIl~IITED TO DIRECT, OBJECTIVELY MEASURABLE <br />DAMAGES. THE 1~~LAXIMUM LIABILITY OF ONE PARTY TO THE OTHER PARTY FOR ANY CLAIMS <br />ARISING IN CONNECTION WITH THE AGREEMENT WILL NOT EXCEED THE AGGREGATE <br />AMOUNT OF PAYMENT OBLIGATIONS OWED TO THE OTHER PARTY HEREUNDER IN THE YEAR <br />IN WHICH LIABILITY ACCRUES; PROVIDED THAT EACH PARTY WILL REMAIN LIABLE FOR THE <br />AGGREGATE AMOUNT OF ANY PAYMENT OBLIGATIONS OWED TO THE OTHER PARTY <br />PURSUANT TO THE AGREEMENT AND FOR ANY AMOUNTS CLAIMED BY A THIRD PARTY <br />WHICH ARE SUBJECT TO INDEMNIFICATION PURSUANT TO THE AGREEMENT. <br />NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, OWNER'S LIABILITY IS NOT <br />LIMITED UNDER THE AGREEMENT WITH RESPECT TO LIABILITY ARISING FROM OWNERS <br />FAILURE TO SATISFY TIMELY ALL CONDITIONS PRECEDENT. <br />14. Assignment. The Agreement may not be assigned, in whole or in part, by either of the parties without the prior <br />written conserrt of the other party (which consent may not be unreasonably withheld or delayed). <br />Notwithstanding the foregoing, an assignment of the Agreement by either party to any subsidiary or affiliate or <br />a third party acquisition of all or substantially all of the assets of such party will not require the consent of the <br />other parry, so long as such subsidiary, affiliate or acquiring entity assumes all of such party's obligations under <br />the Agreement. No delegation by PRC of any of its duties hereunder will be deemed an assignment of the <br />Agreement, nor will any change in control nor any assignment by operation of law by either party. Subject to <br />the restrictions contained in this section, the terms and conditions of the Agreement will bind and inure to the <br />benefit of each of the respective successors and assigns of the parties hereto. <br />15. Notices. Any nofice or other communication given under the Agreement will be in writing and delivered by <br />hand, sent by facsimile (provided aclmowledgment of receipt thereof is delivered to the sender), sent by <br />certified, registered mail or sent by any nationally recognized overnight courier service to the addresses <br />provided on the signature page of the Agreement. The parties may, from time to time and at any time, change <br />their respective addresses and each will have the right to specify as its address any other address by at least ten <br />(10) days written notice to the other party. <br />16. Interpretation. Whenever possible, each provision of the Agreement will be interpreted in such a mariner as to <br />` be effective and valid under applicable law, but if any provision of the Agreement is held to be prohibited by or <br />invalid under applicable law, such provision will be ineffective only to the extent of such prohibition or <br />invalidity, without invalidating the remainder of such provision or the remaining provisions of the Agreement. <br />The headings in the Agreement are inserted for convenience of reference only and shall not constitute a part <br />hereof. Nothing in the Agreement is intended nor shall it be construed to confer any rights or remedies upon <br />any person or entity other than the parties named herein and their respective successors and permitted assigns. <br />The parties have participated, or had the opportunity to participate in, the negotiation and drafting of the <br />Agreement or requested, or had the opportunity to request, amendments to the Agreement. In the event an <br />ambiguity or question of intent or interpretation arises, the Agreement shall be construed as if drafted jointly by <br />the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the <br />authorship of any provisions of the Agreement. <br />7of8 <br />
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