Office of the General Counsel TSUOGC-S-0611-044
Vendor Agreement Page 4 of 7
Rev. 05-2012
17. CONFIDENTIALITY: Subject to the Texas Public Information Act and any
similar legal requirements, neither Party shall disclose any confidential information
obtained from the other Party without such Party’s prior written approval.
18. INTELLECTUAL PROPERTY: Contracting Party represents that it has all
intellectual property rights necessary to enter into and perform its obligations under the
Agreement and shall indemnify, defend and hold harmless the State of Texas and
University against any action, claim, liability, loss or expense related to such intellectual
property rights and representations. Contracting Party will pay any damages attributable to
such claim that are awarded against the State of Texas and/or University in a judgment or
settlement.
19. INDEMNIFICATION: Contracting Party shall indemnify and hold harmless
University, and each of its regents, officers, agents and employees from and against all
claims, actions, suits, demands, proceedings, costs, damages and liabilities, including
without limitation attorneys’ fees and reasonable litigation costs, arising out of, connected
with, or resulting from any acts or omissions of Contracting Party or any agent, employee,
subcontractor, or supplier of Contracting Party in the execution or performance of this
contract.
20. INSURANCE: For the entire term of the Agreement (“Term”), Contracting
Party shall maintain Comprehensive General Liability insurance coverage of $1,000,000
per occurrence. If, during the Term, Contracting Party will enter University property,
Contracting Party shall also maintain the following insurance: (i) Worker’s Compensation
coverage with statutory limits for the State of Texas, including Employers Liability
coverage of $500,000 per accident; (ii) Commercial Automobile Liability coverage of
$1,000,000 Combined Single Limit; (iii) for engineers and architects only: Professional
Liability coverage of $5,000,000 per occurrence; and (iv) for builders only: Builder’s Risk
coverage in the amount of the construction cost, including protection against named
windstorm and flood. All policies must contain a waiver of subrogation against University.
Comprehensive General Liability and Commercial Automobile Liability policies must
name University as Additional Insured. Contracting Party shall pay all insurance
deductibles and deductibles must not exceed $10,000 unless approved in advance by
University. Contracting Party shall provide University Certificates of Insurance evidencing
these insurance requirements prior to the start of work.
21. AUDIT; INDEPENDENT AUDITS; RIGHT TO AUDIT; RETENTION;
SUPPORTING DOCUMENTS: The Contracting Party agrees and authorizes University
and/or the State Auditor (collectively, “Auditor”) to conduct audits or investigations in
connection with this Agreement. Contracting party agrees to cooperate with Auditors
conducting such audits or investigations and to provide all information and documents