Loading...
18-023 PerfectMind, Termination Agreement TERMINATION AGREEMENT This,T�rmination Agreement ("Termination Agreement") is made and entered into as of December �, 2017 ("EfTective Date") by and between the City of Cupertino ("City") and PerfectMlND Inc. ("Perfec(MlND"),hereinafter individually a"Party" and collectively"the Parties", on the terms set forth below("Termination Agreement"). RECITALS WHEREAS, City and PerfectMlND entered into a written Software As A Service & Professional Services Agreement (hereinafter the "Agreement") dated January 25, 2016, under the terms of which PerfectMlND agreed to provide certain technology and consulting services to City;and WHEREAS, the Parties now,desire to mutually terminate the Agreement and compromise, settle, release,and forever discharge all claims,controversies,demands, actions,or causes of action, known or unknown, between them arising out of the Agreement or the relationship of the Parties in connection with the Agreement. NOW,THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION,the adequacy of which is hereby acknowledged and agreed,the Parties agree as follows: AGREEMENT 1. Termination of Agreement.The Agreement is hereby mutually terminated pursuant to Section 7.1 et seq of the Agreement. 2. Settlement Payment,There shall be no settlement payment by or to any of the Parties to this Termination Agreement. 3. Mutual Release of All Claims. Except as otherwise expressly provided in this Termination Agreement, each Party hereby mutually compromises,releases, and discharges, each other Party and each of the other Party's respective attorneys, agents, beneficiaries, representatives, employees, partners, spouses, domestic partners, heirs, predecessors in interest, successors in interest, assigns, insurers,stockholders,affiliated companies,subsidiaries and parent companies,directors,and officers, from any and all past,present,or future claims for compensatory or punitive damages, costs, losses, expenses, attorney's fees, rights, duties, causes of action, liens, subrogation rights, indemnification rights,insurance claims,and compensation of any nature whatsoever,whether based on tort,contract, statutory,or any other legal or equitable theory of recovery,whether known or unknown,suspected or unsuspected, fixed or contingent, matured or unrrmatured,which in any way arise out of, relate to,the facts,allegations,events or claims alleged or arising out of the Agreement,all of which are referred to here as "Claims". The Parties agree that this compromise and settlement shall constitute a bar to all such Claims. 4. Release sof All Claims and Waiver of Civil Cade Section 1542: Each Party understands that the Releases in this Termination Agreement extend to all claims of any nature and kind, known or unknown,suspected or unsuspected,anticipated or unanticipated,arising out of or in connection with the Agreement. Each Percy is also aware of, has read,considered and understands the provisions and Page I of 5 significance of Section 1542 of the California Civil Code,which reads as follows: §1542. A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. Each Party expressly waives its rights under Section 1542. Each Party understands and acknowledges that a risk exists that it incurred or suffered, or may incur or suffer, loss, damages as a result of the matters, facts, events, occurrences, transactions, causes, and things referred to in this Termination Agreement which were unknown, unsuspected, or unanticipated at the time this Termination Agreement was executed.The Parties each assume this risk,and agree that the foregoing release shall in all respects be effective and not subject to termination or rescission. BASED UPON THE ADVICE OF ITS RESPECTIVE COUNSEL,EACH PARTY VOLUNTARILY, AND WITH FULL KNOWLEDGE OF ITS SIGNIFICANCE, WAIVES AND RELINQUISl1ES ANY AND ALL RIGHTS THAT IT MAY HAVE UNDER CIVIL CODE § 1542 AS WELL AS UNDER THE PROVISIONS OF ALL COMPARABLE,EQUIVALENT OR SIMILAR STATUTES AND PRINCIPLES OF COMMON LAW OR OTHER DECISIONAL LAW OF ANY AND ALL STATES OF THE UNITED STATES. 5. No Admissions.The Parties recognize that this Termination Agreement includes the settlement of disputed Claims and neither of the Parties admits or acknowledges any liability or wrongdoing.The Parties agree that the terms of this Termination Agement are not admissible in any court, administrative action, or legal proceeding for the purpose of proving any liability or wrongdoing arising out of the Claims released herein. This shall not limit admissibility of the terms of this Termination Agreement as reasonably necessary to enforce or interpret its terms. 6. The Parties agree that they will not issue a press release concerning this Termination Agreement.The Parties will not volunteer information about the Agreement and agree to respond to questions regarding the Agreement between the Parties by only providing fact based answers. 7. Attorney Fees,Costs and Expenses: As against each other, the Parties hereto shall bear their own attorneys' fees, costs and expenses arising in connection with the Agreement, the negotiations relating to the termination of the Agreement,Claims,this Termination Agreement,the matters referred to herein, and all related matters. In the event a Party seeks to interpret or enforce the terms of this Termination Agreement through court action, the prevailing Party shall be entitled to its reasonable attorney's fees,costs and expenses in connection with said proceeding. Such court shall determine the prevailing Party for the purposes of this paragraph. S. General Terms. a. W.n rrs rifles and Execution of Agreement. Each Darty executing the Termination Agreement represents and warrants that no other person or entity had or has any interest in any of the claims,demands,obligations, property,or causes of action referred to in this Termination Agreement, that each Party has the sole right and exclusive awho6ty to execute this Termination Agreement and to receive the settlement consideration specified herein;thatexecution,delivery, and performance of this Tcrrni:nation Agreement and any related documents has been duly au norizvd by all necessary partnership,trust or corporate action; that each individual execurifing. this Termin,a-lion Agreeirmen'1 and F'a;g;e any related documents is authorized to so execute instruments of this nature on the Party's behalf; and that each Party has not sold, assigned, transferred, conveyed, hypothecated or otherwise disposed of any of the claims,demands,obligations,or causes of action referred to in this Termination Agreement. b.Entire Agreement.This Termination Agreement contains the entire agreement between the Parties concerning the termination of the Agreement and the relationship of the Parties and Claims settled herein. This Termination Agreement may not be amended, altered, modified or otherwise changed except by a writing executed by the Parties hereto which expressly states that it is an amendment to this Termination Agreement.All prior oral or written agreements, if any, are expressly superseded hereby and are of no further force and effect. c. Effect on Successors.This Termination Agreement shall be binding upon,and inure to the benefit of, any successors, assigns, executors, beneficiaries, administrators, personal representatives,and heirs of the Parties. d.Time of the Essence.Time is of the essence with regard to all matters contained in this Termination Agreement. c.No Waiver.No delay or omission by any Party hereto in exercising any right under this Termination Agreement shall operate as a waiver of such right. f.Governing Lain and Venue.This Termination Agreement is entered into in Santa Clara County,the Superior Court of the State of California,County of Santa Clara is the exclusive venue for any action arising out of this Termination Agreement.The Termination Agreement shall be construed and interpreted in accordance with the laws of the State of California without regards to conflicts of laws principles. g.Voluntary Release. In entering into this Termination Agreement, the Parties represent that they have relied on the legal advice of their respective attorneys, who are attorneys of their own choice,and that the terms of this Termination Agreement have been completely read and explained to them by their attorney,and that those terms are fully understood and voluntarily accepted.The,releases contained in this Agreement are freely and voluntarily executed by the Parties whose signatures are affixed hereto.Each Party, in executing this Agreement,has not relied on any inducements,promises; or representation made by any Party hereto or their employees or agents except as expressly set forth in this Agreement. h. Severability of Provisions. if any provision of this Agreement is adjudged to be void or invalid, for any reason,but would be valid if the wording thereof was deleted or changed,then such provision shall be deemed modified as necessary to make it valid and effective. In such modification is not possible,then the invalid provision shall not affect the enforceability of the remaining provisions contained herein,all of which shall continue in full force and effect. i.Good faith Settlement Stip-On1lon. fte Parties to this Agreement stipulate the settlement that is the subject of this Agreement is in good faith pursuant to California Code of Civil Procedure sections 877 and 877.6. j. Mndigng Agreement.This Agreement and each anti every provision hereof, shall bind and shall :cc to The benefit of the Parties hereto, and their respecti,.e anti or prospective heirs, execu,ors. Pave 3 of administrators,trustors,trustees,beneficiaries,predecessors,successors,officers,directors,principals, agents, or assigns. This Agreement is not binding until approved by Cupertino City Council and fully executed by all the Parties. k. Counterparts. This Agreement may be executed simultaneously or in any number of counterparts, each of which shall be deemed an original, equally admissible in evidence, but all of which together shall constitute one and the same Agreement, notwithstanding that the signatures of each Party do not appear on the same page of the Agreement and shall be deemed one original. I.Construction of Agreement.This Agreement,and each provision hereof,has been reached as the result of negotiations between the Parties and their respective attorneys. Each of the Parties hereto expressly acknowledges and agrees this Agreement shall not be deemed to have been prepared by, or drafted by, any particular Party, and the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting Party shall not be employed in the interpretation of the Agreement. // H lr (/ // // H H H H (r Pace4,015 IT IS ITER-ULiY AGR1JEM PerfectAILP1D Inc. gated: Decennber_ � 2017 By: ,fir , Printed Name: �r,A nc� �r— Title: City of Cupertino Dated: December__ 2017� By: ,� ..�._...�..__ David Brandt City Manager A-PPROVED AS TO I't7I2M: Dated: December 2017 By: Randolph Stevenson l lom, City Attorney Attorneys for Perfec*AIND,Inc.: rl Dated:December T 2017 By: Ardcs sir ara L'•sq. Saber,LLP Paha 5 n3 5 INNOVATION & TECHNOLOGY DEPARTMENT BILL MITCHELL, CTO 12 CITY HALL 10300 TORRE AVENUE •CUPERTINO, CA 95014-3255 TELEPHONE: (408) 777-1333 C U P E RT I N O Billm@cupertino.org December 5, 2017 Farid Dordar CEO &Founder PerfectMind Dear Farid, As we discussed should the City receive any inquiries about PerfectMind, staff has been instructed to direct those questions to me as the single point of contact. My response to any questions concerning PerfectMind will be that the City of Cupertino has decided to go a different direction with this project and is utilizing another software provider. Thank you for your efforts on behalf of the City of Cupertino. Sincerely, Bill Mitchell Chief Technology Officer City of Cupertino