Legal Permit Release Form

LEGAL PERMIT RELEASE FORM

This Permit Release Agreement (the "Agreement") is entered into as of by and between Permit Releasor: , and Permit Releasee: . The parties are sometimes individually referred to as a "Party" and collectively as the "Parties."

RECITALS

WHEREAS, Releasor is the current holder or claimant of rights related to the permit identified as Permit No. issued for property located at (the "Property");

WHEREAS, the permit concerns the following scope:

WHEREAS, Releasor desires to release, transfer, and convey to Releasee certain rights, claims, and obligations specifically related to the permit, and Releasee is willing to accept such release and assume any obligations set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and other good and valuable consideration, receipt of which is hereby acknowledged, the Parties agree as follows:

1. DEFINITIONS

1.1 "Permit" means the permit identified above, including all approvals, conditions, attachments, and amendments issued by the applicable governmental authority. 1.2 "Released Claims" means all claims, causes of action, demands, liabilities, obligations, liens, penalties, fines, costs and expenses, known or unknown, arising from or related to the Permit through the Effective Date.

2. RELEASE

2.1 Subject to the terms and conditions of this Agreement, Releasor hereby irrevocably and unconditionally releases and forever discharges Releasee and its officers, directors, agents, employees, successors and assigns from and against all Released Claims.

2.2 The Release specifically includes, but is not limited to, any claim arising from permit issuance, inspection outcomes, code compliance matters, administrative fees, and any obligations allegedly owed by Releasee to Releasor that arise from the Permit prior to the Effective Date.

3. ASSUMPTION OF OBLIGATIONS

3.1 Releasee expressly accepts and agrees to assume responsibility for all obligations, conditions, and compliance duties associated with the Permit after the Effective Date, including any inspections, corrective measures, or fees required by the issuing authority.

4. CONSIDERATION

4.1 The Parties acknowledge that the mutual promises contained herein constitute sufficient and adequate consideration for the releases and undertakings provided by each Party.

5. REPRESENTATIONS AND WARRANTIES

5.1 Each Party represents and warrants that: (a) it has full authority to enter into and perform this Agreement; (b) the person executing this Agreement on its behalf has been duly authorized to do so; and (c) this Agreement constitutes a legal, valid and binding obligation enforceable against such Party in accordance with its terms.

5.2 Releasor further represents that, to the best of its knowledge, there are no outstanding assignments, liens, encumbrances, or undisclosed claims affecting the Permit other than those disclosed in writing below:

6. INDEMNIFICATION

6.1 Releasee shall indemnify, defend and hold harmless Releasor from and against any and all claims, demands, losses, liabilities, damages, fines, penalties, costs and expenses (including reasonable attorneys' fees) arising out of Releasee's failure to perform or comply with any obligations or conditions of the Permit after the Effective Date.

7. LIMITATION OF LIABILITY

7.1 EXCEPT FOR FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM THIS AGREEMENT.

8. NOTICES

Notices to Releasor

Notices to Releasee

8.1 All notices required or permitted hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail (return receipt requested), or sent by overnight courier to the addresses set forth above or to such other address as either Party may specify in writing.

9. AMENDMENTS; WAIVER

9.1 This Agreement may only be amended by a written instrument executed by both Parties. No waiver of any provision of this Agreement shall be effective unless in writing and signed by the Party waiving compliance.

10. GOVERNING LAW; VENUE

10.1 This Agreement shall be governed by and construed in accordance with the laws of the State specified below without regard to principles of conflicts of law. The Parties submit to exclusive jurisdiction for any disputes arising under this Agreement in the state and federal courts located in that State.

11. ENTIRE AGREEMENT; SEVERABILITY

11.1 This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings and communications, whether written or oral. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

12. COUNTERPARTS; EXECUTION

12.1 This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Delivery of an executed counterpart by electronic transmission shall be effective as delivery of a manually executed counterpart.

13. MISCELLANEOUS

13.1 No third-party beneficiaries are intended under this Agreement. 13.2 The headings used in this Agreement are for convenience only and shall not affect its interpretation.

PERMIT DETAILS (OPTIONAL)

Issuing Authority:    Issue Date:

Additional Terms or Conditions:

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