Agenda - Council - 12/10/2013 - Laserfiche WebLink

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the Property, then any commission previously paid by Owner to Northco on account of such option payments shall be credited against the commission payable to Northco on account of the exercise of the option. 5. Owner shall pay Nortltco its commission for any transaction, ifwithin one hundred eighty (180) days after the termination or expiration of this Agreement, Owner sells or agrees to sell all or any portion of the Property, or commences and thereafter continues discussions leading to a sale of all or any portion of the Property, to any third person who previously made an affirmative showing of interest in the Property during the Terns of this Agreement by respa rtdittg to advertising, by contacting Northco or who had been physically shown the Property by Northco, its salesperson, or a cooperating broker, It it understood that Norlhco shall not seek to enforce collection ofa commission urder this Paragraph 5 unless the name ofsden third person is on awritten list given to Owner within 72 hours after the tenttination or expiration of this Agreement, b_ The tents of this Agreement shall survive and be enforceable after termination of the Agreement_ 7. This Agreement constitutes the complete a greeinent between the panties and supersedes any prior oral or writtEn agreements between the parties. Na amendment, modification or extension ofthis Agreement shall be valid or binding unless made in writing and signed by both Omer and Nortnca, R. This contract shall be governed by the Taws of the State of Minnesota, 9. Nothing in this Agreement shall create or he deemed or construed to create a joint venture or partnership between or among Noithvo and Owner- This Agreement shall nut be deemed at any time to create an nwoner ship interest orNcrt1 co in the Property or any improvements thereon. 10. In addition to all remedies otherwise provided in this Agr£ernent, each party hereto shall be entitled to ail remedies available at law or in equity for any breach of, or failure ofth.e other party to perform, any obligations tinder this Agreement. In the event suit is brought to enforce or interpret all or any portion of this Agreement, the pievai] i ng parity shall be entitled to recover all costs end expenses incurred by it in connection therewith, including its reasonable attorney's fees and costs. By: Its: NORTIICO REAL ESTATE SERVICES, LLC Frank A. Jertnusek, President