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<br />C. The Consultant will furnish to the City at such time and in such form as the City may require, <br />financial statements including audited financial statements, records, reports, data and information, <br />as the City may request pertaining to the matters covered by this Agreement. <br /> <br />5. Ownership and Use of Documents <br /> <br />A. All documents prepared by the Consultant in connection with this Agreement will become the <br />property of the City whether any project related to this Agreement is executed or not. <br /> <br />B. The Consultant will retain all of its records and supporting documentation relating to this <br />Agreement, and not delivered to the City, for a period of three years, except that in the event the <br />Consultant goes out of business during that period, it will turn over to the City all of its records <br />relating to the Project for retention by the City. <br /> <br />6. Term: Termination of A~reement <br /> <br />A. The term of this Agreement begins upon its execution by the City, and will end upon the <br />Consultant's completion, and the City's acceptance, of all services described in this Agreement. <br /> <br />B. This Agreement may be terminated by either party upon 15 days prior written notice should the <br />other party fail substantially to perform in accordance with its terms through no fault of the party <br />initiating the termination. <br /> <br />C. This Agreement may be terminated at will by the City upon at least 15 days prior written notice <br />to the Consultant. <br /> <br />E. In the event of termination as provided in this Section, the Consultant will be compensated for <br />all services performed to the termination date which are deemed by the City to be in accordance \\oith <br />this Agreement. This amount will be paid by the City upon the Consultant's delivering to the City <br />all information and materials developed or accumulated by the Consultant in performing the services <br />described in this Agreement, whether completed or in progress. The expense of the reproduction of <br />these items \\oi11 be borne by the City. <br /> <br />7. Insurance and Indemnity <br /> <br />A. The Consultant will hold harmless, indemnify and defend the City and its employees, agents, <br />officers and servants from any and all lawsuits, claims, demands and causes of action of any kind <br />arising from the negligent or intentional acts, errors or omissions of the Consultant, its officers, <br />employees or agents. This will include, but not be limited to, the amounts of judgments, penalties, <br />interest, court costs, reasonable legal fees, and all other expenses incurred by the City arising in favor <br />of any party, including the amounts of any damages or awards resulting from claims, demands and <br />causes of action for personal injuries, death or damages to property. <br /> <br />4 <br />