ADDENDUM TO AGREEMENT BY AND BETWEEN (TYPE IN CONTRACTORS NAME) AND TENNESSEE STATE UNIVERSITY The following terms and conditions, as applicable, shall amend the above-referenced agreement between (TYPE IN CONTRACTOR’S NAME) (“Contractor”) and TENNESSEE STATE UNIVERSITY (“Institution/Buyer”), a Tennessee Board of Regents (“TBR”) system institution, and are incorporated by reference and made an integral part of the Agreement. The terms and conditions of this Addendum shall control in the event of any conflict with any term or condition of the Agreement or any other additional terms and conditions thereto: Governing Law. This Agreement shall be governed by the laws of the State of Tennessee and federal law. Term. The term of this Agreement shall be one (1) year commencing upon execution and shall renew automatically for additional one year terms, unless notice of termination is given by Institution. Such notice of termination must be given in writing no less than thirty (30) days prior to renewal date. Under no circumstances shall the term of this contract extend beyond five (5) years from the effective date. The Institution shall have the right to terminate the agreement at the end of any fiscal year in the event that sufficient funds are not appropriated by the General Assembly and/or budgeted for continuation of the agreement. Termination for Convenience. The Institution may terminate this Contract without cause for any reason. Termination under this section shall not be deemed a Breach of Contract by either party. The Institution shall give the Contractor at least 90 days written notice before the effective termination date. The Contractor shall be entitled to receive compensation for satisfactory, authorized service completed as of the termination date, but in no event shall the institution be liable to the Contractor for compensation for any service which has not been rendered. Upon such termination, the Contractor shall have no right to any actual general, special, incidental, consequential, or any other damages whatsoever of any description or amount. Remedies. The State is liable for actual damages only. The Institution, as a State entity, shall not, under any circumstances, indemnify the Contractor or any party or be liable for or the costs of litigation. attorney’s fees, punitive damages,
ADDENDUM TO AGREEMENT BY AND BETWEEN (TYPE IN CONTRACTORS NAME) AND TENNESSEE STATE UNIVERSITY The following terms and conditions, as applicable, shall amend the above-referenced agreement between (TYPE IN CONTRACTOR’S NAME) (“Contractor”) and TENNESSEE STATE UNIVERSITY (“Institution/Buyer”), a Tennessee Board of Regents (“TBR”) system institution, and are incorporated by reference and made an integral part of the Agreement. The terms and conditions of this Addendum shall control in the event of any conflict with any term or condition of the Agreement or any other additional terms and conditions thereto: Governing Law. This Agreement shall be governed by the laws of the State of Tennessee and federal law. Term. The term of this Agreement shall be one (1) year commencing upon execution and shall renew automatically for additional one year terms, unless notice of termination is given by Institution. Such notice of termination must be given in writing no less than thirty (30) days prior to renewal date. Under no circumstances shall the term of this contract extend beyond five (5) years from the effective date. The Institution shall have the right to terminate the agreement at the end of any fiscal year in the event that sufficient funds are not appropriated by the General Assembly and/or budgeted for continuation of the agreement. Termination for Convenience. The Institution may terminate this Contract without cause for any reason. Termination under this section shall not be deemed a Breach of Contract by either party. The Institution shall give the Contractor at least 90 days written notice before the effective termination date. The Contractor shall be entitled to receive compensation for satisfactory, authorized service completed as of the termination date, but in no event shall the institution be liable to the Contractor for compensation for any service which has not been rendered. Upon such termination, the Contractor shall have no right to any actual general, special, incidental, consequential, or any other damages whatsoever of any description or amount. Remedies. The State is liable for actual damages only. The Institution, as a State entity, shall not, under any circumstances, indemnify the Contractor or any party or be liable for attorney’s fees, punitive damages, or the costs of litigation.
3-4-15-%20Standard%20Addendum%20for%20Designated%20Contract%20Agents.docx