Orange County NC Website
in accordance with the Construction Industry Arbitration Rules of the American Arbitratiop- 14F— M <br />Ass ation currently in effect. The demand for arbitration shall be filed in Zclaim, er <br />party to is Agreement and with the American Arbitration Association. <br />7.2.3 A deman or arbitration shall be made within a reasonable time te <br />or other matter in qu tion has arisen. In no event shall the demand for a er <br />the date when institution f legal or equitable proceedings based on ch claim, dispute or other <br />matter in question would be red by the applicable statute of " itations. <br />7.2.4 No arbitration arising out of lv <br />or joinder or in any other manner, an a< <br />except by written consent containing a <br />Owner, Architect, and any other persoi <br />to this reement shall include, by consolidation <br />111 son or entity not a party to this Agreement, <br />reference to this Agreement and signed by the <br />tit y ught to be joined. Consent to arbitration <br />involving an additional person or e " y shall not cons ' to consent to arbitration of any claim, <br />dispute or other matter in que on not described in the tten consent or with a person or <br />entity not named or desc b therein. The foregoing agreement arbitrate and other agreements <br />to arbitrate with an a tional person or entity duly consented to arties to this Agreement <br />shall be specifical nforceable in accordance with applicable law in any rt having jurisdiction <br />thereof. <br />Che award rendered by the arbitrator or arbitrators shall be final, and judgm t may be <br />upon it in accordance with applicable law in any court having jurisdiction thereof-, <br />7.3 CLAIMS FOR CONSEQUENTIAL DAMAGES <br />The Architect and Owner waive consequential damages for claims; disputes or other matters in <br />question arising out of or relating to this Agreement. This mutual waiver is applicable, without <br />limitation, to all consequencial damages due to either party's termination in accordance with <br />Article 8. <br />ARTICLE 8 TERMINATION OR SUSPENSION <br />8.1 If the Owner fails to make payments to the Architect in accordance with this Agreement, <br />such failure shall be considered substantial nonperformance and cause for termination or, at the <br />Architect's option, cause for suspension of performance of services under this Agreement. If the <br />Architect elects to suspend services, prior to suspension of services, the Architect shall give seven <br />days' written notice to the Owner. In the event of a suspension of services, the Architect shall have <br />no liability to the Owner for delay or damage caused the Owner because of such suspension of <br />services. Before resuming services, the Architect shall be paid all sums due prior to suspension and <br />any expenses incurred in the interruption and resumption of the Architect's services. The <br />Architect's fees for the remaining services and the time schedules shall be equitably adjusted. <br />8.2 If the Project is suspended by the Owner for more than 30 consecutive days, the Architect <br />shall be compensated for services performed prior to notice of such suspension. When the Project <br />is resumed, the Architect shall be compensated for expenses incurred in the interruption and <br />resumption of the Architect's services. The Architect's fees for the remaining services and the time <br />schedules shall be equitably adjusted. <br />8.3 If the Project is suspended or the Architect's services are suspended for more than 90 <br />consecutive days, the Architect may terminate this Agreement by giving not less than seven days' <br />written notice. <br />®1997 A I A 0 <br />AIA DOCUMENT B151 -1997 <br />ABBREVIATED OWNER - <br />ARCHITECT AGREEMENT <br />8.4 This Agreement may be terminated by either party upon not less than seven days' written The American Institute <br />notice should the other art fail substantial) to perform in accordance with the terms of this of Architects <br />party Y P 1735 New York Avenue, N.W. <br />Agreement through no fault of the party initiating the termination. Washington, D.C. 20006 -5292 <br />WARNING: Unlicensed photocopying violates U.S. copyright laws and will subject the violator to legal prosecution. <br />