Laserfiche WebLink
VENDING AGREEMENT <br />9. INSURANCE. <br />Company will procure and maintain the following insurance. <br />(a) Workmen's Compensation as required by the laws of Minnesota. <br />(b) Comprehensive Bodily Injury, Property Damage, Liability, including bodily injury and <br />property damage, including fire and water damage and damage caused by automobiles trucks or <br />other vehicles within limits of $1,000,000 (One Million). <br />(c) Product Liability in minimum limits of $1,000,000. (One Million). Company will furnish <br />Customer evidence of insurance covering items specified as Customer may reasonably request. <br />The cost of the above insurance shall be of the Company. <br />10 TERM. <br />This Agreement shall become effective 11/07/2022 and shall remain in force for a period of Five <br />(5) years from such effective date and for any additional period or periods as provided herein. <br />Company reserves the right to terminate without cause giving a 30 day notice. <br />11. CANCELLATION. <br />In the event of breach by either party in the performance of any of its obligations under this <br />Agreement, the other party may give written notice thereof to the breaching party. In the event <br />that the breaching party does not take the necessary steps to correct such conditions of breach <br />within thirty (30) days of receipt of such written notice, the other party may, in additional to any <br />other legal remedies, terminate this Agreement by written notice to breaching party in <br />accordance with the requirement of Section 10 above. <br />12. REMOVAL. <br />Upon the termination of this Agreement, Company shall vacate and return the Premises to <br />Customer. Company shall have the right to remove all Machines and other property and <br />equipment installed by Company thereunder. Company shall not be responsible for reasonable <br />wear and tear. <br /> <br /> <br />