Cooperative Agreement Form Real Estate

However, the 12-month period from the effective date of this Agreement provides that the agreement will be automatically renewed if, within 12 months of this Agreement` entry into force, the Client has not made a formal decision or notification of the award or award of the main contract for the work designated in the premium proposal and or the liability of SUBCONTRACTOR. This extension continues for a period of 30 days from the decision or official announcement by the Client or until the termination by the written agreement of the parties. Upon receipt of the agreement (a), it is made public by the public party or transmitted without restriction by the public party to third parties, including the client; (b) was legally obtained from the party receiving it, without restriction, from other sources, including the client, provided that other source did not receive it as a result of a violation of this agreement or other agreement between the parties; or (c) if this information is communicated by other means or is made public without fault of the receiving party. Prime and SUBCONTRACTOR, as defined by the Prime, establish a cost proposal for inclusion in the final proposal. Prime and SUBCONTRACTOR write each part of the technical part of the proposal, as agreed between Prime and SUBCONTRACTOR, and provide the other party with information about its business experience and staff, as required or necessary to prepare the final proposal. Prime and SUBCONTRACTOR recognize the competitive nature of this purchase proposal. Each party is primarily responsible for the execution of certain delivery functions. The primary responsibility for delivery is to respect the approach described in the technical proposal to prepare the declared delivery functions (“delivery”). As such, SUBCONTRACTOR offers prices in the form indicated by Prime for the performance of assigned delivery functions. SUBCONTRACTOR recognizes that the Premium proposal is based on these prices. If, as part of the First Contract negotiations, the Client requires changes to the proposal to provide price adjustments by SUBCONTRACTOR, Prime and SUBCONTRACTOR, they agree to negotiate in good faith in order to obtain price adjustments acceptable to both parties. It is recognized and it is agreed that the parties may be required, in accordance with the First Contract or sub-contract, to give or grant any customer rights to materials, data and information established in accordance with the First Contract and/or sub-contract. With respect to these materials, SUBCONTRACTOR takes the steps that Prime can reasonably require to transmit or confirm the rights to these materials.