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consent of the other . <br /> c) Notices . All notices provided for in this agreement shall be in writing , addressed <br /> to the respective county managers . <br /> d) Governing Law . This agreement shall be construed under the provisions of the law <br /> of the State of North Carolina . <br /> e) Good Faith . The parties mutually agree to deal in good faith one with the other in <br /> all respects in performing their duties under this Agreement . All actions <br /> recommended and implemented in the Plan will require joint approval by both <br /> Boards . <br /> 7 . Entire Agreement . Except as otherwise provided in this Agreement, this Agreement contains <br /> the entire agreement between the parties . Amendments , if any , shall be in writing and signed <br /> by both parties . <br /> 8 . Duration . This Agreement shall be effective as of the above date and will expire December <br /> 31 , 2026 , unless terminated or extended as provided herein . Orange County and Durham <br /> Countywill discuss , prior to July 1 , 2026 , whether either county intends to assume or make <br /> other arrangements for operation of the Park upon the expiration of the term of this Agreement, or <br /> whether Orange County and Durham County desires to continue a contractual relationship for <br /> operation of the Park and upon what terms . In the event that this Agreement has not been <br /> terminated, renewed or amended prior to the expiration date listed above , it will remain in <br /> effect until such time as both Boards have adopted a new agreement, but no longer than a 12 - <br /> month period . <br /> 9 . Termination . <br /> a) This agreement shall be subject to annual review and may be terminated at the end <br /> of the fiscal year upon one ( 1 ) year advance written notice by one party to theother <br /> party . <br /> b ) Upon the expiration or termination of this Agreement, park amenities and the costs <br /> associated therewith will be distributed as follows . <br /> i) Real Property : The land shall continue to be owned as separate parcels with <br /> Orange County owning the 136 acres located in Orange County and Durham <br /> County owning the 255 acres located in Durham County . With respect to <br /> additional land area( s ) acquired during the term of this Agreement and any <br /> extensions thereof, the additional land shall be owned in the manner acquired , <br /> as provided for in Section I . V . of this Agreement . <br /> ii) Costs of Improvements : The counties agree to share equally in the value <br /> of the improvements made to the Park , including but not limited to picnic <br /> shelters , campsite facilities , restroom structures , and the park caretaker <br /> residence . (For example , if the value of the improvements made to the <br /> 7 <br />