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6 <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 for <br /> the activities performed pursuant to this Agreement as well as the buildings and equipment used to <br /> provide services under this Agreement. It shall be at THE COUNTY'S option to either provide <br /> the coverage through a policy purchased by THE COUNTY or to reimburse THE SQUAD for <br /> insurance policies purchased by them. Any policies of insurance purchased directly by THE <br /> SQUAD shall be through an insurance company acceptable to THE COUNTY. <br /> IV. TERM <br /> This agreement shall run from March 21, 2000 through June 30, 2001, 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, amended <br /> or modified, except by an agreement in writing executed by the authorized representative of both <br /> 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 />