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products and services list when it is in the best interest of the member entity. <br /> • 4. Prepare purchase orders issued to the appropriate vendor from the official award <br /> list provided by the Purchasing Cooperative. <br /> 5. Accept shipments of products ordered from vendors in accordance with standard <br /> purchasing procedures. <br /> 6. Pay vendors in a timely manner for all goods and services received. <br /> VI. General Provisions <br /> The Parties agree to comply fully with all applicable federal, state, and local statutes, <br /> ordinances, rules, and regulations in connection with the programs contemplated under this <br /> Agreement. This Agreement is subject to all applicable present and future valid laws governing <br /> such programs. <br /> This Agreement contains the entire agreement of the Parties hereto with respect to the matters <br /> covered by its terms, and it may not be modified in any manner without the express written <br /> consent of the Parties. <br /> If any term(s) or provision(s) of this Agreement are held by a court of competent jurisdiction to <br /> be invalid, void, or unenforceable, the remainder of the provisions of this Agreement shall <br /> remain in full force and effect <br /> The Parties to this Agreement expressly acknowledge and agree that all monies paid pursuant <br /> to this Agreement shall be paid from budgeted available funds for the current fiscal year of each <br /> such entity. <br /> Before any party may resort to litigation, any claims, disputes or other matters in question <br /> between the Parties to this Agreement shall be submitted to nonbinding mediation <br /> No Party to this Agreement waives or relinquishes any immunity or defense on behalf of <br /> themselves, their directors, officers, employees, and agents as a result of its execution of this <br /> Agreement and performance of the functions and obligations described herein. <br /> This Agreement may be negotiated and transmitted between the Parties by means of a facsimile <br /> machine and the terms and conditions agreed to are binding upon the Parties. <br /> All notices required by this Agreement shall be sent to the addresses listed below. <br /> VII. Authorization <br /> DEC has entered into this Agreement to provide cooperative purchasing opportunities to its <br /> members. <br /> This Agreement was approved by the governing boards of the respective parties at meetings <br /> that were posted and held in accordance with applicable laws. <br /> Interlocal Cooperation Agreement <br /> Dawson Education Cooperative of Arkansas <br /> p. 3 <br />