This contract is for limited title reports, which include lot and block legal descriptions, vested owner information, and open voluntary liens. The contract has an initial term of one year, with options to extend up to four additional one-year terms. The contractor, Pioneer Title Agency Inc., is responsible for providing the limited title reports at a unit price of $75.00 per report. The contract includes provisions for invoicing, payment, and termination, as well as requirements for compliance with applicable laws and regulations. Key aspects of the contract include:
• The contract is for a firm-fixed unit price, with the contractor providing limited title reports at a fixed price per report.
• The contract has an initial term of one year, with options to extend up to four additional one-year terms.
• The contractor is responsible for providing the limited title reports, which include lot and block legal descriptions, vested owner information, and open voluntary liens.
• The contract includes provisions for invoicing, payment, and termination, as well as requirements for compliance with applicable laws and regulations.
• The contractor must maintain all applicable licenses and permits, and comply with all applicable federal, state, and local laws.
• The contract includes provisions for termination, including termination for convenience, default, or conflict of interest.