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Finance and Administration Committee - IX. Agreements for Development of the Cherokee Farm Research Park - Action719 Andy Holt TowerKnoxville, TN 37996Charles M. Peccolo, Treasurer & Interim Chief Financial OfficerThe University of Tennessee709A Andy Holt TowerKnoxville, TN 37996UTRF:University of Tennessee Research FoundationDick Gourley, Interim PresidentUT Conference Center, Suite 211600 Henley StreetKnoxville, TN 379967Any address or name specified above may be changed by notice given to the addressee by theother party in accordance with this Section. The inability to deliver notice because of a changedaddress of which no notice was given as provided above, or because of rejection or other refusalto accept any notice, shall be deemed to be the receipt of the notice as of the date of suchinability to deliver or rejection or refusal to accept. Any notice to be given by any party heretomay be given by the counsel for such party.5.11 CONSENT OF UNIVERSITY. Whenever it is stated in this Agreement that University’sconsent or approval is required, the President of the University has the authority to give suchconsent or approval.5.12 NATURE OF AGREEMENT. The parties, in performance of this Agreement, shall beacting in their individual capacities and not as agents, employees, partners, joint ventures, orassociates of one another. It is expressly acknowledged by the parties that such parties areindependent contracting entities and nothing in this Agreement shall be construed to create aprincipal/agent relationship to allow either to exercise control or direction over the manner bywhich the other transacts its business affairs or provides its services. The employees or agents ofone party shall not be deemed or construed to be the employees or agents of the other party forany purpose whatsoever.5.13 COUNTERPARTS. This Agreement may be executed in any number of counterpartsand it shall be sufficient that the signature of each party appear on one or more such counterparts.All counterparts shall collectively constitute a single agreement. Originals transmitted byfacsimile or electronic mail shall be considered original in all respects.[SIGNATURES ON FOLLOWING PAGE]8116659.9 8157
Finance and Administration Committee - IX. Agreements for Development of the Cherokee Farm Research Park - ActionIN WITNESS WHEREOF, the parties hereto have caused this Agreement to be dulyexecuted by their duly authorized officers as of the dates set forth below their respectivesignatures.UNIVERSITY OF TENNESSEE7______________________________________________Joseph A. DiPietro, PresidentDATE: ____________, 2012UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION__________________________________________Dick Gourley, Interim PresidentDATE:____________, 20128116659.9 9158
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