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Award Bid & Purchase Agreement - 411 Cottage Grove Ave. - VIP FLIP, LLC
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Award Bid & Purchase Agreement - 411 Cottage Grove Ave. - VIP FLIP, LLC
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11/23/2021 4:11:31 PM
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11/23/2021 4:11:21 PM
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Board of Public Works
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Contracts
Document Date
11/23/2021
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6. TITLE AND ABSTRACT COSTS <br />The Buyer agrees to pay all title and abstract costs involved in said transaction which it <br />shall desire or request. <br />7. COMMISSIONS <br />The Parties acknowledge that neither is represented by any broker in connection with the <br />transaction contemplated in this Agreement. Buyer agrees to indemnify and hold Seller <br />harmless from any claim for commissions in connection with the transaction contemplated <br />in this Agreement. <br />8. BUYER'S POST -CLOSING OBLIGATION <br />Buyer shall comply, and shall ensure the compliance by any third -party using the Property <br />with Buyer's permission, with all applicable laws with regard to the use of the Property. <br />9. INTERPRETATION• APPLICABLE LAW <br />Both Parties having participated fully and equally in the negotiation and preparation of this <br />Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities <br />in this Agreement be presumptively resolved, against either Party. This Agreement shall <br />be interpreted and enforced according to the laws of the State of Indiana. <br />10. ENTIRE AGREEMENT <br />This Agreement embodies the entire agreement between Seller and Buyer and supersedes <br />all prior discussions, understandings, or agreements between Seller and Buyer concerning <br />the transaction contemplated in this Agreement, whether written or oral. <br />11. BINDING EF ECI`• COUNTERPARTS; SIGNATURES <br />All the terms and conditions of this Agreement will be effective and binding upon the <br />Parties and their successors and assigns at the time the Agreement is fully signed by Buyer <br />and Seller. This Agreement may be separately executed in counterparts by Buyer and <br />Seller, and the same, when taken together, will be regarded as one original Agreement. <br />Facsimile signatures will be regarded as original signatures. <br />12. WAIVER <br />Neither the failure nor any delay on the part of Party to exercise any right, remedy, power, <br />or privilege under this Agreement shall operate as a waiver thereof, nor shall nay single or <br />partial exercise of any right, remedy, power, or privilege preclude any other or further <br />exercise of the same or of any right, remedy, power, or privilege with respect to any <br />occurrence be construed as a waiver of any such right, remedy, power, or privilege with <br />
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