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.2 In no event :hall the demand for arbitration be <br />ma ter the date when institution of legal or equitable <br />proceedin ed on such claim ispute or other matter <br />in question wou barred plicable statute of <br />limitations. <br />6.3 The award rendered b rbitrators shall be <br />final, and judgment may be entere ' ' accordance <br />with applicable law in any court having j ' 'ction <br /> <br /> ARTICLE 7 <br /> TERMINATION OF AGREEMENT <br /> <br />7.1 This Agreement may be terminated by either party <br />upon seven days' written notice should the other party <br />fail substantially to perform in accordance with its terms <br />through no fault of the party initiating the termination. <br /> .~ This Agreement may be terminated by the Owner <br /> on at least seven days' written notice to the Architect- <br /> the e,,ent that tho Pr~joct is pormanoatly als~ndoned. <br /> In the event of termination not the fault of the <br />Architect, the Architect shall be compensated for all <br />services performed to termination date, together with Re- <br /> ursable Expenses then due-and all Termination Ex <br /> n.scs as dcfined in Paragraph 7.4. <br /> ;/I Termination Expenses inc/udc cx13c~$ d:,cctl~ .~. <br />tri to termination for which the Architect is not <br />otherwise co ated, plus an t computed as a <br />percentage of the tota en ned to the time <br />of termination, as follows: <br /> .1 20 percent if termination Design <br /> <br /> ~ ~-~c Phase, or <br /> >j,jo~e, _~,~, "";rig_any subse- <br /> <br /> ARTICLE 8 <br /> MISCELLANEOUS PROVISIONS <br /> <br />8.1 This Agreement shall be governed by the law of <br />the principal place of business of the Architect. <br />8.2 As between the parties to this Agreement: as to all <br />acts or failures to act by either party to this Agreement, <br />any applicable statute of limitations shall commence to <br />run and any alleged cause of action shall be deemed to <br />have accrued in any and all events not later than the <br />relevant Date of Substantial Completion of the Work, and <br />as to any acts or failures to act occurring after the relevant <br />Date of Substantial Completion, not later than the date of <br />issuance of the final Certificate for Payment. ' <br />8.3 The Owner and the Architect, respectively, bind <br />themselves, their partners, successors, assigns and legal <br />representatives to the other party to this Agreement and <br />to the partners, successors, assigns and legal representa- <br />tives of such party with respect to all covenants of this <br />Agreement. Neither the Owner nor the Architect shall <br />assign, sublet or transfer any interest in this Agreement <br />without the written consent of the other. <br />8.4 This Agreement represents the entire and inte- <br />grated agreement between the Owner and the Architect <br />and supersedes all prior negotiations, representations or <br />agreements, either written or oral. This Agreement may be <br />amended only by written instrument signed by both <br />Owner and Architect. <br /> <br /> AIA DOCUMENT BISl , ABBREVIATED OWNER-ARCHITECT AGREEMENT · JUNE 1978 EDITION · AIA® <br /> 7 <br />5 B151-1978 © 1978, THE AMERICAN INSTITUTE OF ARCHITECTS, I 35 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20(306 <br /> <br /> <br />