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conduct such independent inspections as it deems appropriate. If any Project is not completed in accordance with specifications or is unsatisfactory for any reason, the Park Board, during the term of this Master Agency Agreement, shall make any and all claims on account thereof against any responsible third party. 9. The Commission hereby assigns to the Park Board, during the term of this Master Agency Agreement, all its rights and benefits pursuant to any warranties, duties or obligations of any manufacturer, wholesaler, retailer, installer, contractor or subcontractor who provides any labor or materials for or in any of the Projects. 10. The Park Board, on behalf of the Commission, shall be responsible for processing all contractor claims for payment, consistent with its standard procedures. 11. The parties acknowledge that it is the responsibility of the Commission to carry, or cause others to carry, all risk insurance including bodily injury and property damage insurance and the Park Board shall have no responsibility to obtain such insurance coverage. 12. The Park Board shall accept each of the completed Projects on behalf of the Commission. 13. The terms and conditions of this Master Agency Agreement shall inure to the benefit of and bind the respective parties hereto and their successors in interest and assigns, and no portion of this Master Agency Agreement may be assigned by any party without the prior written consent of the other party. 14. The agency provisions herein contained apply only as stated and shall not be deemed to create any partnership, joint venture or other enterprise of any type or nature between the South Bend Redevelopment Commission and the Park Board.