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2018.09.17 CC Packet
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2018.09.17 CC Packet
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6/25/2020 3:01:06 PM
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9/14/2018 10:32:08 AM
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City Council
Document Type
Agenda/Packets
Meeting Date
9/17/2018
Meeting Type
Regular
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notice by the other party shall commence to run one business day after any such deposit. Any <br />party may change its address for the service of notice by giving notice of such change 10 days <br />prior to the effective date of such change. <br />15. Miscellaneous. The paragraph headings or captions appearing in this <br />Agreement are for convenience only, are not a part of this Agreement, and are not to be <br />considered in interpreting this Agreement. This written Agreement constitutes the complete <br />agreement between the parties and supersedes any prior oral or written agreements between the <br />parties regarding the Property. There are no verbal agreements that change this Agreement, and <br />no waiver of any of its terms will be effective unless in a writing executed by the parties. This <br />Agreement binds and benefits the parties and their successors and assigns. This Agreement has <br />been made under the laws of the State of Minnesota, and such laws will control its interpretation. <br />16. Remedies. If Buyer defaults under this Agreement, Seller shall have the <br />right to terminate this Agreement in accordance with the applicable Minnesota statutes. If Buyer <br />fails to cure such default within the statutory cure period, this Agreement will terminate, and <br />upon such termination Seller will retain the Earnest Money as liquidated damages, time being of <br />the essence of this Agreement. If Seller defaults under this Agreement, Buyer shall have the <br />right to return of its Earnest Money. <br />-7- <br />
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