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WS 07-09-2013
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WS 07-09-2013
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3. Price & Payment Terms <br /> New Brighton agrees to pay to Johnson Controls $19,950 within 60 days after the delivery of <br /> the list of FIMs, the pro-forma financial analysis and associated report described under <br /> paragraph 1 of this Agreement. However, New Brighton will have no obligation to pay this <br /> amount if: <br /> 1. Johnson Controls and New Brighton enter in the "Implementation Contract" within 60 <br /> days after the delivery to the Customer of the documentation described under paragraph <br /> 1 of this Agreement. Costs for the study will be transferred to the total cost of the <br /> Implementation Contract and subject to the payment terms outlined in the Contract. <br /> 2. The project benefits do not offset the cost of the project with a payback period of 20 <br /> years or less. Project benefits shall include, but not be limited to utility cost avoidance, <br /> negotiated utility rate reductions, operating and maintenance cost avoidance, capital <br /> cost avoidance and utility revenue increases. <br /> 4. Indemnity <br /> Johnson Controls and New Brighton agree that Johnson Controls shall be responsible only <br /> for such injury, loss, or damage caused by the intentional misconduct or the negligent act or <br /> omission of Johnson Controls. To the extent permitted by law, Johnson Controls and New <br /> Brighton agree to indemnify and to hold each other, including their officers, agents, <br /> directors, and employees, harmless from all claims, demands, or suits of any kind, including <br /> all legal costs and attorney's fees, resulting from the intentional misconduct of their <br /> employees or any negligent act or omission by their employees or agents. Neither Johnson <br /> Controls nor New Brighton will be responsible to the other for any special, indirect, or <br /> consequential damages. <br /> 5. Disputes <br /> If a dispute arises under this Agreement, the parties shall promptly attempt in good faith to <br /> resolve the dispute by negotiation. All disputes not resolved by negotiation shall be resolved <br /> in accordance with the Commercial Rules of the American Arbitration Association in effect at <br /> the time, except as modified herein. All disputes shall be decided by a single arbitrator. A <br /> decision shall be rendered by the arbitrator no later than nine months after the demand for <br /> arbitration is filed, and the arbitrator shall state in writing the factual and legal basis for the <br /> award. No discovery shall be permitted. The arbitrator shall issue a scheduling order that <br /> shall not be modified except by the mutual agreement of the parties. Judgment may be <br /> entered upon the award in the highest State or Federal court having jurisdiction over the <br /> matter. The prevailing party shall recover all costs, including attorney's fees, incurred as a <br /> result of this dispute. <br /> 6. Confidentiality <br /> This agreement creates a confidential relationship between Johnson Controls and New <br /> Brighton. Both parties acknowledge that while performing this Agreement, each will have <br /> access to confidential information, including but not limited to systems, services or planned <br /> services, suppliers, data, financial information, computer software, processes, methods, <br /> knowledge, ideas, marketing promotions, current or planned activities, research, <br /> development, and other information relating to the other party ("Proprietary Information"). <br /> Except as authorized in writing, both parties agree to keep all Proprietary Information <br /> confidential. Johnson Controls may only make copies of Proprietary Information necessary <br /> This document contains trade secrets and proprietary information of Johnson Controls,Inc. Disclosure of this publication is absolutely Page 2 of 3 <br /> prohibited without the express written permission of Johnson Controls,Inc. ©2013 Johnson Controls,Inc. All rights reserved. <br />
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