07-1749 NAI Realvest Contract Termination

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EXHIBIT A EXCLUSIVE RIGHT OF SALE AGREEMENT This Exclusive Right of Sale Agreement ("AgreemenC) is made between The City of CasselbelTY, having its principal offices at 95 Triplet Lake Drive, Casselben-y FL 32707 ("Owner"), and Realwst Partners, Inc. d/b/a NAI Real\'Cst, a Florida corporation and a licensed real cstatc broker baving its principal offices at 2200 Lucien Way, Suite 350, Maitland, Florida 32751-7019 ("Agen!"). I. Employment of Agent: Owner employs Agent as sole and exclusive agent to sell the real property and improvements described on the al1ached Exhibit "A" (the "Proper1y") subject to the terms and conditions of this Agreement. , ~. Term of Listing Agreement: (a) Term: The ''Term'' of this Agreement will be for a period of 365 days beginning on tile date Owner executes this Agreement and ending at midnight on the 365th day thereafter terminated or _ '-' ----~---_._- . -- -----_.--_._-~-"-_._---_._------_. --- extended as provided in this Agreement. (b) Early Termination: This Agreement may terminate before the expiration of the Term as follows: (I) If a petition in bankruptcy is filed by or against either par1y or if either party makes an assignment for the benefit of creditors or takes advantage of any insolvency act, the other party may tenninate this Agreement upon ten (10) days \\'1il1en notice. (2) If either par1y fails to comply with any rule, order, determination, ordinance or law of the federal, state, county or municipal authority pertaining to the Property or this Agreement, the other party may terminate ttlis Agreement upon ten (10) days wril1en notice. (3) If either party defaults in the performance of any of its obligations under this Agreement and the default continues for thirty (30) days after notice from the other party designating the default, the party not in default may terminate this Agreement upon ten (10) days written notice. 3. Obligations of Agent: Agent shall have the primary responsibility for securing buyers for the Property and shall use its best efforts to do so. Agent is authorized to use reasonable efforts to sell the Property, including but not limited to the following: (a) Cold Call Prospecting. (b) Market on a "one to one" basis by mail, telephone and in person. (e) Cooperate fully with outside brokers in securing buyers for the Property. (d) Show the Property to prospective buyers and outside brokers and provide them with detailed building and sales information furnished by Owner. (e) QualifY prospective Buyers to determine their needs and capabilities. Agent shall would consider. determine the preliminary requirements of the prospective Buyer and comparable properties that the prospect L[/ (I) Negotiate all sales on behalf of and in consultation with the Owner.