Orange County NC Website
' <br /> ^ <br /> K. To furnish to THE SQUAD reimbursement of the approved costs for special <br /> event coverage within two weeks of receipt by THE COUNTY from THE SQUAD of <br /> appropriate special event coverage report forms. <br /> 111. INSURANCE <br /> THE SQUAD will be responsible for the negligence of its personnel and agents. Further,THE <br /> COUNTY shall define the amount and levels of insurance which THE SQUAD shall maintain <br /> for the activities performed pursuant to this Agreement as well as the buildings and equipment <br /> used to provide services under this Agreement. It shall be at THE COUNTY'S option to either <br /> provide the coverage through a policy purchased by THE COUNTY or to reimburse THE <br /> SQUAD for insurance policies purchased by them. Any policies of insurance purchased <br /> directly by THE SQUAD shall be through an insurance company acceptable to THE COUNTY. <br /> IV. TERM <br /> This agreement shall run from July 1,2001 through June 30,2002,and shall be renewable <br /> thereafter upon written agreements executed by both parties. <br /> V. TERMINATION <br /> The Agreement or its renewal may be terminated at any time without penalty by either party <br /> provided that written notice of such termination is furnished to the other party at least 60 days <br /> prior to termination. In the event of such termination any payment due shall be prorated to the <br /> date of termination. <br /> VI. MUTUAL UNDERSTANDING <br /> THE SQUAD and THE COUNTY understand and agree that nothing in this agreement shall be <br /> construed to create an exclusive arrangement between the parties, and THE COUNTY is free to <br /> provide services by other means. <br /> VII. ENTIRE UNDERSTANDING <br /> The Agreement contains the entire understanding of the parties and shall not be altered, <br /> amended or modified, except by an agreement in writing executed by the authorized <br /> representative of both parties. <br /> VIII. SITUS <br /> The laws of North Carolina shall govern the validity and interpretation of the provisions,terms <br /> and conditions of this agreement. <br /> ' <br />