4. Contractor, by its signature below,consents to Assignor's assignment and Assignee's
<br /> assumption of all rights,title, interest, in and pursuant to the Contract. Contractor by its
<br /> signature below acknowledges and affirms that Assignor's obligations,responsibilities and
<br /> duties under the Contract has been satisfied as of the date of this Agreement.
<br /> 5. Contractor further consents to provide appropriate Certificates of Insurance and Additional
<br /> Insured Endorsements naming Assignee as an additional insured as required in accordance with
<br /> the Contract.Contractor further consents to naming Assignee on any warranties issued or
<br /> provided as a part of the Contract.
<br /> 6. Assignor by its signature below acknowledges and agrees that as of the date of this Agreement,
<br /> all of Assignor's rights,title, interest, liabilities,responsibilities to the Project and to the
<br /> improvements and work included and a part of the Project are assigned to Assignee.
<br /> 7. Assignee by its signature below acknowledges and agrees that as of the date of this Agreement,
<br /> Assignee assumes all of Assignor's rights,title, interest, liabilities,responsibilities to the
<br /> Project and to the improvements and work included and a part of the Project.
<br /> 8. Assignee by its signature below acknowledges and agrees that as of the date of this Agreement,
<br /> Assignee releases and forever discharges Assignor and each of their directors,officers,owners,
<br /> principals,partners,employees,representatives, predecessors,successors,designees,assigns,
<br /> parent, subsidiary,affiliated and related entities,and their insurers,of and from any and all
<br /> claims,demands,actions,causes of action,suits, injuries, fines,penalties,obligations,debts,
<br /> damages, losses, loss of service, liens, liabilities,costs,expenses,attorney's fees,debts and
<br /> expenses of every kind and nature whatsoever, in law or in equity (including,but not limited to
<br /> attorneys'fees,property damage and personal injury claims),known or unknown,asserted or
<br /> unasserted,fixed or contingent, including any and all rights to subrogation therefore,which
<br /> Assignee has had,does have,can have,shall have and may hereafter have arising out of or
<br /> connected to the Project.
<br /> 9. This Agreement is governed by the laws of the state of California,without regard to
<br /> California's conflict or choice of law provisions,and the parties expressly consent to
<br /> jurisdiction in such courts.
<br /> 10. If any provision of this Agreement or the application thereof to any entity,person or
<br /> circumstance shall be invalid or unenforceable to any extent,the remainder of this Agreement
<br /> and the application of such provisions to other entities, persons or circumstances shall not be
<br /> affected thereby,and shall be enforced to the greatest extent permitted by law.
<br /> IN WITNESS WHEREOF,the parties set their hands and seals as of the date first above written.
<br /> ASSIGNOR
<br /> By:
<br /> Name:
<br /> Title:
<br /> 2
<br />
|