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<br />15. Licenses, Permits, and Responsibilities
<br />Contractor certifies that, at the time of entering into this contract, it has currently in effect all necessary
<br />licenses, certifications, approvals, insurance, permits, and other authorizations required to properly perform
<br />the Services and/or deliver the Goods covered by this contract. Contractor warrants that it shall maintain all
<br />necessary licenses, certifications, approvals, insurance, permits, and other authorizations required to
<br />properly perform this contract, without reimbursement by the State or other adjustment in contract price.
<br />Additionally, all employees of Contractor performing services under this contract shall hold the required
<br />licenses or certification, if any, to perform their responsibilities. Contractor, if a foreign corporation or other
<br />entity transacting business in the State of Colorado, further certifies that it currently has obtained and shall
<br />maintain any applicable certificate of authority to do business in the State of Colorado and has designated
<br />a registered agent in Colorado to accept service of process. Any revocation, withdrawal or non-renewal of
<br />licenses, certifications, approvals, insurance, permits or any such similar requirements necessary for
<br />Contractor to properly perForm this contract, shall be deemed to be a default by Contractor and grounds for
<br />termination of this contract by the State.
<br />16. Tax Exempt Status
<br />Contractor acknowledges that the State of Colorado is not liable for any sales, use, excise, property or
<br />other taxes imposed by any Federal, State or local government tax authority. The State also is not liable
<br />for any Contractor franchise or income related tax. No taxes of any kind shall be charged to the State.
<br />17. Legal Authority
<br />Contractor warrants that it possesses the legal authority to enter into this contract and that it has taken all
<br />actions required by its procedures, by-laws, and/or applicable laws to exercise that authority, and to lawfully
<br />authorize its undersigned signatory to execute this contract and to bind Contractor to its terms. Contractor
<br />agrees it shall submit voluntarily to the personal jurisdiction of the Federal and State courts in the State of
<br />Colorado and venue in the City and County of Denver, Colorado. The person(s) executing this contract on
<br />behalf of Contractor warrant(s) that such person(s) have full authorization to execute this contract.
<br />18. Compliance with Applicable Law
<br />Contractor shall at all times during the execution of this contract strictly adhere to, and comply with, all
<br />applicable Federal and Colorado State laws, and their implementing regulations, as they currently exist and
<br />may hereafter be amended, which laws and regulations are incorporated herein by this reference as terms
<br />and conditions of this contract. Contractor also shall require compliance with such laws and regulations by
<br />subcontractors under subcontracts permitted under this contract.
<br />REMEDIES
<br />19. Remedies
<br />In addition to any other remedies provided for in this contract, and without limiting the remedies otherwise
<br />available at law or in equity, the State may exercise the following remedial actions if Contractor
<br />substantially fails to satisfy or perform the duties and obligations in this contract. "Substantial failure" to
<br />satisfy duties and obligations shall be defined to mean material, insufficient, incorrect or improper
<br />performance, activities, or inaction by Contractor. These remedial actions are as follows:
<br />(a) Suspend Contractor's performance pending necessary corrective action as specified by the
<br />State, without Contractor's entitlement to adjustment in price/cost or schedule. Furthermore, at
<br />the State's option, a directive to suspend may include suspension of this entire contract or any
<br />particular part of this contract that the State determines in good faith would not be beneficial or
<br />in the State's best interests due to Contractor's substantial non-performance. Accordingly, the
<br />State shall not be liable to Contractor for costs incurred after the State has duly notified
<br />Contractor of the suspension of performance under this provision, and Contractor shall
<br />promptly cease performance and incurring costs in accordance with the State's directive;
<br />(b) Withhold payment to Contractor until the necessary Services or corrections in perFormance,
<br />development or manufacture are satisfactorily completed;
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