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Of TERM OF AGREEMENT: This Agreement shall be e�' ::`ive as January 1, <br /> 2005 and shall continue to December 31, 2009. This Agreement shall be in effect <br /> �-' as determined above unless terminated by either party. Termi+nation of the <br /> Agreement by either party shall be effective by serving the other party with a <br /> written notice of termination not less than ninety(90)days prior to the date of <br /> termination of the Agreement. Either party, at its option, may terminate the <br /> Agreement as set forth above if the other party fails to comply with the terms and <br /> conditions of this Agreement. The parties also agree that this Agreement may be <br /> renewed on an annual basis upon agreement of both parties. Renewal of the <br /> Agreement may be by written resolution of both parties prior to expiration of the <br /> Agreement term. <br /> VII. ASSUMPTION OF LIABILITY: <br /> 1. Pequot Lakes agrees to assume all liability for Pequot Lakes personnel <br /> arising out of public works services performed pursuant to this Agreement <br /> and Loon Lake agrees to assume all liability for Loon Lake personnel <br /> arising out of services performed pursuant to this Agreement. <br /> 2. Each party agrees that the acts of its employees and agents for any activity <br /> other than public works services identified herein shall be its responsibility <br /> and each party indemnifies the other from any claims arising out of non- <br /> public works activities caused by each party. <br /> 3. Pequot Lakes shall not be deemed to assume any liability for intentional or <br /> negligent acts of Loon Lake personnel or any agent or employee thereof. <br /> Loon Lake shall defend Pequot Lakes, its officers, employees, and agents <br /> against, indemnify and hold Pequot Lakes harmless from any claim for <br /> damages resulting from the performance of the services by Loon Lake <br /> under this Agreement. <br /> 4. Loon Lake shall not be deemed to assume any liability for intentional or <br /> negligent acts of Pequot Lakes personnel or any agent or employee <br /> thereof. Pequot Lakes shall defend Loon Lake, its officers, employees, <br /> and agents against, indemnify and hold Loon Lake harmless from any <br /> claim for damages resulting from the performance of the services by <br /> Pequot Lakes under this Agreement. <br /> VIII. SCOPE AND DESCRIPTION OF SERVICES: <br /> MEYERS ROAD <br /> Loon Lake Township ......................... Summer and Winter Maintenance <br /> SOUTH SLUETTER ROAD <br /> Loon Lake Township ........................ Summer and Winter Maintenance <br /> 2 <br />