Orange County NC Website
Browse       Search
4011 university drive, suite 300, durham, nc 27707  post office box 51579, durham, nc 27717-1579 <br /> TELEPHONE 919 490 0500 FAX 919 490 0873  www.kennoncraver.com <br /> <br />WIRING INSTRUCTIONS FOR A DIFFERENT BANK, BRANCH LOCATION, <br />ACCOUNT NAME OR ACCOUNT NUMBER OTHER THAN THE INSTRUCTIONS <br />YOU HAVE ON FILE, THEY SHOULD BE PRESUMED FRAUDULENT. DO NOT <br />SEND ANY FUNDS AND CONTACT OUR OFFICE IMMEDIATELY. FAILURE TO <br />FOLLOW THIS PROCEDURE ENDANGERS YOUR FUNDS. <br /> <br /> <br />IV. Billing & File Retention <br /> <br /> The flat fee for our services hereunder is $7,000.00. Any expenses, such as title insurance <br />premiums, third-party printing costs, recording fees, etc., will be billed directly to you. This engagement is <br />specifically limited to: (1) performing the title search; (2) preparing the title opinion; (3) procuring title <br />insurance (if available); (4) disusing any title issues discovered during the title search with the County; (5) <br />recording the documents listed above; and (6) conducting the closing on the purchase. Please be aware that <br />additional work necessary to complete the closing, such as attempting to resolve significant title defects <br />may require work beyond the scope of this letter and cost in excess of the “not to exceed” fee listed above. <br />In the event the County requires representation prior to closing or additional legal work not referenced in <br />this letter becomes necessary, then we may perform such work at the County’s specific request under an <br />amendment to this memo. <br /> <br />Our billing statements are prepared and emailed to the address written above during the month <br />following the month in which services are rendered and costs advanced. Payment is due upon receipt of <br />invoice. If there is a closing, we reserve the right to collect remaining fees and expenses owed at closing. <br />We will both have the right to terminate our representation at any time. <br /> <br />The County’s obligation to pay our fees and costs incurred on your behalf is not contingent and is <br />not based on the consummation of any closing or the occurrence of any specific event or result. This means <br />our fees relating to the acquisition are payable whether or not the transaction is completed. Our fees will <br />be prorated based on work completed at the time the transaction terminates if the transaction terminates <br />prior to closing. <br /> <br />We have the right to destroy client files six years after the conclusion of representation, and we <br />may destroy them earlier with client consent. We will use the email address set forth above for our bills <br />and other communication with you until you provide us with alternate information in writing. Either of us <br />may terminate our attorney-client relationship at any time. <br /> <br />V. Client Identification <br /> <br /> Our client in this matter is Orange County (the “County”). Use of the terms “you” and “yours” <br />herein refer to the County as an entity. <br /> <br />Please review the foregoing and, if it meets with your approval, attach it to the County’s Services <br />Agreement to form the basis of our engagement. We will not undertake any work on your behalf and no <br />attorney-client relationship will be formed unless we receive a copy of this memo executed by all relevant <br />parties. I look forward to working with you. <br /> <br /> <br />Docusign Envelope ID: 5CDA9025-0D2B-4453-91C9-5E87AFAB4B69