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<br />ARTICLE 7 <br />TERM OF AGREEMENT <br /> <br />7.1 The term of this Agreement begins upon its execution by both parties, and will end <br />upon the Consultant's completion, and the City's acceptance of all services described in <br />this Agreement unless this Agreement is terminated under Sections 7.2 or 7.3 below. <br />Consultant understands that time is of the essence and the Project must be completed no <br />later than 12 months from the date of execution of this Agreement in accordance with the <br />schedule of work tasks attached as Attachment B. <br /> <br />7.2 This Agreement may be terminated by either party upon 15 days prior written notice <br />should the other party fail substantially to perform in accordance with its terms through no <br />fault of the party initiating the termination. <br /> <br />7.3 This Agreement may be terminated at will by the City upon at least 15 days prior <br />written notice to the Consultant. <br /> <br />7.4 In the event of termination as provided in this Article, the Consultant will be <br />compensated for all services performed to termination date which are deemed by the City <br />to be in accordance with this Agreement. This amount will be paid by the City upon the <br />Consultant's delivering to the City all information and materials developed or accumulated <br />by the Consultant in performing the services described in this Agreement, whether <br />completed or in progress. The expense of reproduction of these items will be borne by the <br />City. <br /> <br />ARTICLE 8 <br />INSURANCE AND INDEMNITY <br /> <br />8.1 The Consultant will indemnify, hold harmless and defend the City and its employees, <br />agents, officers and servants from any and all lawsuits, claims, demands and causes of <br />action of any kind arising from the negligent or intentional acts or omissions of the <br />Consultant, its officers, employees or agents. This will include, but not be limited to, the <br />amounts of judgments, penalties, interest, court costs, reasonable legal fees, and all other <br />expenses incurred by the City arising in favor of any party, including the amounts of any <br />damages or awards resulting from claims demands and causes of action for personal <br />injuries, death or damages to property. This obligation by Consultant will not be limited by <br />reason of the specification of any particular insurance coverage in this Agreement. <br /> <br />8.2 The Consultant will procure and maintain at Consultant's expense insurance with <br />insurance companies authorized to do business in the State of Texas, covering all <br />operations under this Agreement, whether performed by Consultant or Consultant's agents, <br />subcontractor or employees. Before commencing the work the Consultant will furnish to <br />the City a certificate or certificates in form satisfactory to the City, showing that Consultant <br />has complied with this paragraph. All certificates will provide that the policy will not be <br /> <br />Transportation Masterplan K.wpd <br /> <br />15 <br />