Laserfiche WebLink
<br />ARTICLE 6 <br /> <br />ST ANDARD OF CARE <br /> <br />The FINANCIAL ADVISOR shall exercise the same degree of care, skill, and diligence <br />in the performance of the services as is ordinarily provided by a comparable <br />professional under similar circumstances and the FINANCIAL ADVISOR shall, at no <br />additional cost to the CITY, re-perform services which fail to satisfy the foregoing <br />standard of care. The FINANCIAL ADVISOR warrants that all services shall be <br />performed by skilled and competent personnel to the highest professional standards in the <br />field. <br /> <br />ARTICLE 7 <br /> <br />INDEMNIFICATION <br /> <br />7.1 GENERAL <br /> <br />Having considered the risks and potential liabilities that may exist during the <br />performance of the services and in consideration of the promises included herein, the CITY <br />and the FINANCIAL ADVISOR agree to allocate such liabilities in accordance with this <br />Article 6. <br /> <br />7.2 INDEMNIFICATION <br /> <br />The FINANCIAL ADVISOR agrees to protect, defend, indemnify, and hold harmless the <br />CITY, its employees, and representatives from any and all claims and liabilities <br />including all attorney's fees and court costs, including appeals, for which the CITY, its <br />employees, and representatives can or may be held liable as a result of injury to <br />persons or damage to property occurring by reason of any negligent acts or omissions or <br />willful misconduct of the FINANCIAL ADVISOR, its employees, or agents arising out of <br />or connected with this Agreement. The FINANCIAL ADVISOR shall not be required to <br />indemnify the CITY or its agents, employees, or representatives when an occurrence results <br />from the wrongful acts or omissions of the CITY or its agents, employees, or representatives, <br /> <br />7.3 SURVIVAL <br /> <br />Upon completion of all services, obligations, and duties provided for in this Agreement or in <br />the even of termination of this Agreement for any reason, the terms and conditions of this <br />Article shall survive. <br /> <br />ARTICLE 8 INDEPENDENT CONTRACTOR <br /> <br />The FINANCIAL ADVISOR undertakes performance of the services as an independent <br />contractor and shall be wholly responsible for the methods of performance. The CITY <br />shall have no right to supervise the methods used, but the CITY shall have the right to <br />observe such performance. The FINANCIAL ADVISOR shall work closely with <br />the CITY in performing services under this Agreement. <br /> <br />3 <br />