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<br /> -10- <br /> written agreement of the parties. The parties agree that there <br /> are no oral agreements, understanding, representations or <br /> warranties which are not expressly set forth herein. <br /> 19. BINDING EFFECT ~ This contract shall be binding upon and <br /> inure to the benefit of the parties hereto and their respective <br /> heirs, executors, representatives and successors. The effective <br /> date of this contract shall be the date upon which the last party <br /> signs. <br /> 20. ASSIGmŒNT. Neither Seller nor Buyer may assign this <br /> contract. <br /> 21. TEXAS LAW TO APPLY. This agreement shall be construed <br /> under and in accordance with the laws of the State of Texas, and <br /> all obligations of the parties created hereunder are performable <br /> in Hays County, Texas. <br /> 22. SEVERABILITY. In case anyone or more of the provisions <br /> contained in this contract shall for any reason be held to be <br /> invalid, illegal, or unenforceable in any respect, such <br /> invalidity, illegality, or unenfc>rceability shall not affect any <br /> other provision hereof and this contract shall be construed as if <br /> such invalid, illegal, or unenforceable provision had never been <br /> contained herein. <br /> 23. TDŒ. Time is of the essence. <br /> 24. COHSTRUCTIOH~ This Contract is the result of <br /> negotiations between the parties and the general rule of contract <br /> construction that a provision shall be strictly construed against <br /> the party who drafted it shall not apply. <br />