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b. SELLER'S Default. If SELLER defaults in the performance of any of <br />the SELLER'S obligations under this Agreement, BUYER shall have the <br />following rights: <br />(i) <br />consequential damages or punitive damages. SELLER shall have <br />no right to seek rescission of the conveyance. <br />Except as set forth at (ii) below, if SELLER defaults in the <br />performance of any of SELLER'S obligations under this <br />Agreement, BUYER'S sole and exclusive right shall be to seek a <br />Cancellation of Purchase Agreement. <br />(ii) If SELLER breaches a warranty or representation either before or <br />after closing, BUYER shall have the right to recover direct <br />damages reasonably related to such breach but not incidental or <br />consequential damages or punitive damages. BUYER shall have <br />no right to seek rescission of the conveyance. <br />Should SELLER notify BUYER that SELLER will not cure a noticed objection, <br />BUYER shall then have ten (10) days from the receipt of such notice from SELLER to notify <br />SELLER of BUYER'S election to either terminate this Agreement or to waive the objection and <br />proceed to Closing. <br />16. NOTICES. All notices required herein shall be in writing and delivered <br />personally or mailed or sent by a nationally recognized delivery service to the address as shown <br />above and, if mailed or sent by a nationally recognized delivery service, are effective as of the <br />date of mailing. <br />17. BROKERS. Each party shall be responsible for the payment.of any real estate or <br />business broker brokerage fees that may have incurred as a result of this Agreement. Each party <br />hereby indemnifies the other for any broker's or agent's fees. <br />18. MINNESOTA LAW. This Agreement shall be governed by the laws of the State <br />of Minnesota. <br />19. MISCELLANEOUS. <br />a. TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS <br />AGREEMENT. <br />b. If any part of this Agreement or any part or any provision thereof shall be <br />adjudicated to be void or invalid, then the remaining provisions hereof not <br />specifically so adjudicated to be invalid shall be executed without . <br />reference to the part or portion so adjudicated, insofar as such remaining <br />provisions are capable of execution. <br />c. The headings of the paragraphs and subparagraphs of this Agreement are <br />for convenience and reference only, and do not form a part hereof and in <br />8 <br />