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agreement. Each party to the dispute shall sign such agreement after receipt of the same or <br /> immediately file a demand for Arbitration, in which event the parties shall proceed to Arbitration <br /> in accordance with the previous paragraph. All costs of the Arbitration, including Mediation <br /> and the legal action to confirm and enforce the arbitrator's award, as the case may be, <br /> including the reasonable legal fees of both parties shall be paid by the non-prevailing party, or, if <br /> neither party prevails on the whole, each party shall be responsible for a portion of the costs of <br /> Arbitration and Mediation as may be determined by the court on confirmation. <br /> ARTICLE 41. APPLICABLE LAW AND VENUE <br /> This Agreement shall be interpreted and construed in accordance with and governed by the <br /> laws of the State of Florida. Any suit or action brought by any party, concerning this Agreement, <br /> or arising out of this Agreement, shall be brought in Miami-Dade County, Florida. Each party <br /> shall bear its own attorney's fees except in actions arising out of Contractor's duties to indemnify <br /> the City under this Agreement where Contractor shall pay the City's reasonable attorney's <br /> fees. <br /> ARTICLE 42. PERMITS AND LICENSES ("PERMITS") <br /> Except as otherwise provided within the Agreement, all permits and licenses required by <br /> federal, state or local laws, rules and regulations necessary for the prosecution of the Work <br /> undertaken by Contractor pursuant to this Agreement shall be secured and paid for by Contractor. <br /> It is Contractor's responsibility to have and maintain appropriate Certificate(s) of Competency, <br /> valid for the Work to be performed and valid for the jurisdiction in which the Work is to be <br /> performed for all persons working on the Project for whom a Certificate of Competency is <br /> required. <br /> ARTICLE 43. AUDIT RIGHTS <br /> 43.1 Contractor's records which shall include but not be limited to accounting records, payroll <br /> time sheets, cancelled payroll checks, W-2's, 1099's, written policies and procedures, computer <br /> records, electronic records, disks and software, videos, photographs, subcontract files, <br /> originals estimates, estimating worksheets, correspondence, change order files (including <br /> documentation covering negotiated settlements), and any other supporting evidence necessary <br /> to substantiate charges related to, or Work performed under, this Agreement (all the <br /> foregoing hereinafter referred to as "records") shall be open to inspection and subject to audit <br /> and/or reproduction, during normal working hours, by the City to the extent necessary to <br /> adequately permit evaluation and verification of any invoices, payments or claims submitted by <br /> the Contractor or any of his payees pursuant to the execution of the Agreement. Such records <br /> subject to examination shall also include, but not be limited to, those records necessary to evaluate <br /> and verify direct and indirect costs (including overhead allocations) as they may apply to costs <br /> associated with this Agreement. <br /> 43.2 Records subject to the provisions of Public Record Law, Florida Statutes Chapter 119, <br /> shall be kept in accordance with such statute. Otherwise, for the purpose of such audits, <br /> inspections, examinations and evaluations, the City shall have access to said records from the <br /> effective date of this Agreement, for the duration of the Work, and until 5 years after the date of <br /> final payment by the City to Contractor pursuant to this Agreement. <br /> C6154-1617-038-EBSARY FOUNDATION CO. 23 0 7) <br />