CCP 09-24-2013 - Laserfiche WebLink

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and Brian Bruggeman. The Agent shall be solely responsible for the payment of all brokers and agents, including all Non-Listing Agents, in connection with any sale of the Property and shall defend, indemnify and hold the City harmless for any claims that may be asserted for the payment of commissions or any other compensation in connection with the sale of the Property. Provided, however, that the City shall be responsible for any commissions or compensation it incurs as the result of any written agreements to pay the same, other than this Agreement. It is specifically agreed and acknowledged that no other compensation, commission, fee or other payment of any kind whatsoever shall be due to Agent by City with respect to any other property of any kind or description of the City, other than the compensation specifically required hereunder in connection with the sale of the Property. 8. Registration of Proposal for and from Prospect. Agent shall register all prospective purchasers secured by Agent with City, and Agent shall provide City or its consultant/s with copies of all correspondence with prospective purchasers. Agent shall register all prospective purchasers with City or its consultant and provide the following information: (i) the name and address of such prospective purchaser (unless bound by a confidentiality agreement), and/or co-broker (ii) the proposed terms of sale of the Property offered to such purchaser, and (iii) the action taken by Agent with respect to such purchaser, including the meetings held by Agent with such purchaser. The registration of a prospective purchaser shall be contained in the monthly report (as described in paragraph 11) due after the Agent's first contact with such prospective purchaser. All proposals to prospective purchasers shall be prepared by Agent and reviewed by City. 9. Reservation by City. City reserves the right, for itself and its affiliates to negotiate directly with any individual, firm or corporation with whom it has had previous business dealings. City will notify Agent of any interest of such individual, firm or corporation as soon as reasonably after such individual, firm or corporation contacts City. In addition, City reserves the right, for itself and its affiliates, to negotiate all sales contracts a and related documents, in whole or in part, with all prospective purchasers of the Property, it being agreed that all sales contracts and related documents must be satisfactory to City in its sole discretion. 10. Termination. Notwithstanding any other provision of this Agreement, the agreements herein contained shall be terminated and the rights and obligations of the parties hereto shall thereupon cease, other than the Non-Termination Rights set forth below and an accounting shall be made by Agent to City, upon any of the following circumstances or events: a. Taking under eminent domain or other like proceedings of more than twenty percent(20%) of the Property. 5