2009-06-10 CC Packet W/Handouts - Laserfiche WebLink

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12. Governinl! Law. The laws of the State of Minnesota shall govern the effect and construction of this Agreement. 13. Effect. This Agreement shall be binding upon the parties hereto, their heirs, representatives, successors, and assigns. 14. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered in person or mailed by certified or registered mail to the following addresses or to such other locations as either party may designate to the other is writing: TO SELLER Terrance Sager 5485 157'" St N Hugo, MN 55038 TO BUYER Jedediah Marek 3719 Burgundy Dr Eagan, MN 55122 TO AGENT George Novak Gaughan Companies 56 E Broadway Ave Suite 200 Forest Lake, MN 55025 TO AGENT Tammy M Kiger Home Smart Realty, Inc. 4401 158'" Ave NW Andover, MN 55304 15. Assignment. Buyer may not assign Buyer's rights under this Agreement or under any of the documents contemplated by this Agreement without the written consent of Seller. 16. Entire Al!reement. This Agreement contains the entire understanding between the parties with respect to the purchase of the Assets by Buyer and supersedes all prior agreements and understandings between the parties with respect to such purchase. Buyer is relying upon no representation or warranty, expressed or implied, other than as stated in this Agreement or the exhibits hereto. 17. Continuation of Business. From the date hereof until closing, Seller will conduct the Business in the usual and ordinary manner, will maintain inventories at such levels as are maintained in the usual and ordinary course of Seller's Business, and will use its best efforts to preserve for Buyer the existing relationsltips with employees, suppliers, customers, and others having business relations with Buyer. J1