Finance and Administration - Board of Trustees - The University of ...
Finance and Administration - Board of Trustees - The University of ...
Finance and Administration - Board of Trustees - The University of ...
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<strong>Finance</strong> <strong>and</strong> <strong>Administration</strong> Committee - IX. Agreements for Development <strong>of</strong> the Cherokee Farm Research Park - Action5.6 GOVERNING LAW. This Agreement shall be governed by <strong>and</strong> construed in accordancewith the laws <strong>of</strong> the State <strong>of</strong> Tennessee. UTRF acknowledges <strong>and</strong> agrees that any rights orclaims against <strong>University</strong> or its employees hereunder, <strong>and</strong> any remedies arising therefrom, shallbe subject to <strong>and</strong> limited to those rights <strong>and</strong> remedies, if any, available under Tenn. Code Ann.§§ 9-8-101 through 9-8-407. UTRF agrees that it will be subject to the exclusive jurisdiction <strong>of</strong>the courts <strong>of</strong> the State <strong>of</strong> Tennessee <strong>and</strong> the courts <strong>of</strong> the United States which are located withinthe State <strong>of</strong> Tennessee in actions that may arise under this Agreement.5.7 COMPLETENESS. This Agreement is complete <strong>and</strong> contains the entire underst<strong>and</strong>ingbetween the parties relating to the subject matter contained herein, including all terms <strong>and</strong>conditions <strong>of</strong> the parties’ agreement. This Agreement supersedes any <strong>and</strong> all priorunderst<strong>and</strong>ings, between the parties relating hereto, whether written or oral.75.8 SEVERABILITY. If any terms <strong>and</strong> conditions <strong>of</strong> this Agreement are held to be invalidor unenforceable as a matter <strong>of</strong> law, the other terms <strong>and</strong> conditions here<strong>of</strong> shall not be affectedthereby <strong>and</strong> shall remain in full force <strong>and</strong> effect. To this end, the terms <strong>and</strong> conditions <strong>of</strong> thisAgreement are declared severable.5.9 HEADINGS. Paragraph headings are for reference purposes only <strong>and</strong> shall not beconstrued as part <strong>of</strong> this Agreement.5.10 NOTICES. All notices, dem<strong>and</strong>s, <strong>and</strong> other communications required or contemplatedby this Agreement shall be in writing <strong>and</strong> shall be delivered (i) by h<strong>and</strong> delivery; (ii) by FederalExpress or other nationally recognized overnight delivery service, or (iii) by First-Class Mail.Notices shall be deemed received (1) if by h<strong>and</strong> delivery, upon delivery or refusal <strong>of</strong> same; or (2)if by Federal Express or other nationally recognized overnight delivery service, the business dayfollowing deposit; or (3) if by First-Class Mail, the third business day following deposit. Anynotice received on a non-business day or after 5:00 p.m. Eastern Time on a business day shall bedeemed received on the next business day. All notices, dem<strong>and</strong>s <strong>and</strong> other communications shallbe made to the respective party at the appropriate address as set forth below:UNIVERSITY:David E. Millhorn, Executive Vice President<strong>The</strong> <strong>University</strong> <strong>of</strong> Tennessee813 Andy Holt TowerKnoxville, TN 37996With copies to:Stacey Patterson, Asst. Vice President & Director <strong>of</strong> Research Partnerships<strong>The</strong> <strong>University</strong> <strong>of</strong> Tennessee815 Andy Holt TowerKnoxville, TN 37996Catherine S. Mizell, General Counsel <strong>and</strong> Secretary<strong>The</strong> <strong>University</strong> <strong>of</strong> Tennessee8116659.9 7156