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City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 phone (305) 949-3113 Fax <br />fails, refuses or is unable to perform any term of this Agreement, City shall pay for <br />services rendered as of the date of termination. <br />(i.) In the event of termination, all finished and unfinished documents, data and <br />other work product prepared by Contractor shall be delivered to the City and <br />the City shall compensate the Contractor for all Services satisfactorily <br />performed prior to the date of termination. <br />(ii.) Notwithstanding the foregoing, the Contractor shall not be relieved of liability <br />to the City for damages sustained by it by virtue of a breach of the Agreement <br />by Contractor and the City may reasonably withhold payment to Contractor for <br />the purposes of set-off until such time as the exact amount of damages due the <br />City from the Contractor is determined. <br />B. Termination for Convenience of City. The City may, for its convenience and <br />without cause terminate the Services then remaining to be performed at any time <br />by giving Contractor ten (10) days written notice. The terms of Paragraph l0A(i) <br />and A(ii) above shall be applicable hereunder. <br />C. Termination for Insolvency. The City also reserves the right to terminate the <br />remaining Services to be performed in the event the Contractor is placed either in <br />voluntary or involuntary bankruptcy or makes any assignment for the benefit of <br />creditors. <br />11. LIQUIDATED DAMAGES. Should Contractor fail to complete the Services, the City <br />will suffer damage. The amount of damage suffered by the City is difficult, if not impossible, to <br />determine at this time. Contractor shall pay the City, as liquidated damages, $500.00 per calendar <br />day of delay in completion of all the Services. Contractor will make every attempt to perform the <br />Services within the time frame(s) requested. Repeated failure to timely perform the Services may <br />result in termination of the Agreement for cause and shall cause the City to procure in the open <br />market services meeting or similar to those specified in the Agreement and obligate the Contractor <br />to pay the City any increase in costs occasioned thereby. <br />These amounts are not penalties but liquidated damages to the CITY. Liquidated damages are <br />hereby fixed and agreed upon between the Parties, recognizing the impossibility of precisely <br />ascertaining the amount of damages that will be sustained by the CITY as a consequence of such <br />delay, and both parties desiring to obviate any question of dispute concerning the amount of said <br />damages and the cost and effect of the failure of the Contractor to complete the Agreement on <br />time. <br />12. CONFIDENTIAL INFORMATION. The Contractor shall not, either during the term of <br />this Agreement or any time for a period of ten (10) years subsequent to that date upon which the <br />Agreement expires or is terminated for any reason whatsoever, disclose to any person or entity, <br />other than in the discharge of the duties of the Contractor under this Agreement, any information <br />which the City designates in writing as "confidential." As a violation by the Contractor of the <br />provisions of this Section could cause irreparable injury to the City and there is no adequate remedy <br />at law for such violation, the City shall have the right, in addition to any other remedies available <br />to it at law or in equity, to enjoin the Contractor from violating such provisions. <br />Contour Marine Incorporated g <br />