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limitation on liability to which a party may be entitled under Minnesota Statutes, Chapter <br /> 466 or otherwise. <br /> Each party shall purchase liability insurance in the amount equal to or greater than the <br /> maximum liability applicable to municipalities set forth in Minnesota Statutes, Chapter <br /> 466. This requirement may be met through membership in a self-insurance pool. Each <br /> party shall name the other party as an additional insured to the extent necessary to meet <br /> its obligations under this agreement. <br /> LENGTH OF TERM OF AGREEMENT AND TERMINATION <br /> This Agreement shall take effect upon approval by CITY and ISD 728. Once installation <br /> of the municipal water line has commenced, the Agreement may only be terminated by <br /> written agreement of both parties. <br /> MERGER <br /> Any and all previous agreements, either written or verbal, are hereby merged into this <br /> Agreement. <br /> COUNTERPARTS <br /> This agreement may be executed in any number of counterparts and each shall be deemed <br /> to be an original, and this Agreement shall be binding upon a party executing any one of <br /> such counterparts. <br />