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01-10-2007 Additions
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01-10-2007 Additions
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11/9/2011 1:04:15 PM
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11/9/2011 1:03:27 PM
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in this Agreement are for convenience only, are not a part of <br />this Agreement and are not to be considered in interpreting this <br />Agreement. <br />17. Entire Agreement; Modification. This written Agreement <br />constitutes the complete agreement between the parties and <br />supersedes any prior oral or written agreements between the <br />parties regarding the Property. There are no verbal agreements <br />that change this Agreement and no waiver of any of its terms will <br />be effective unless in a writing executed by the parties. <br />18. Binding Effect. This Agreement binds and benefits the <br />parties and their successor and assigns. <br />19. Controlling Law. This Agreement has been made under <br />the laws of the State of Minnesota, and such laws will control <br />its interpretation. <br />20. Remedies. If Buyer defaults under this Agreement, <br />Seller shall have the right to terminate this Agreement by giving <br />written notice to Buyer. If Buyer fails to cure such default <br />within fifteen (15) days of the date of such notice, this <br />Agreement will terminate. The termination of this Agreement <br />will be the sole remedy available to Seller for such default by <br />Buyer, and Buyer will not be liable for damages or specific <br />performance. If Seller defaults under this Agreement, this <br />provision does not preclude Buyer from seeking and recovering <br />from Seller damages for nonperformance or specific performance of <br />this Agreement. If Seller defaults under this Agreement, Buyer <br />shall have no right to seek damages from Seller for Buyer's loss <br />of its bargain in failing to acquire the Property, but Buyer <br />shall recover as damages from Seller all of Buyer's out -of- pocket <br />costs and fees including without limitation attorneys' fees, <br />accountants' fees and other consultants' fees incurred by Buyer <br />in preparing and negotiating this Agreement, preparing for the <br />closing, obtaining financing commitments, investigating the <br />status, title and condition of the Property, and other similar <br />and reasonable costs and expenses. <br />21. Waiver of Relocation. Seller agrees that no persons <br />will be displaced or relocated as a result of any purchase by the <br />Buyer. Seller waives any rights they may have under the Uniform <br />Relocation Act of 1970, and the regulation adopted pursuant <br />-23- <br />
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