OC Furnished Rentals > About Us > Terms and Conditions

Terms and Conditions

An abridged version of our rental contract follows below. Please contact us if you have any questions or if you would like a full copy of our rental agreement.

This Monthly License Agreement (the “Agreement”) is entered into by and between OC Furnished Rentals (“Licensor”) and Guest (hereinafter “Guest” or “Licensee”). Guest’s payment of down payment, rent, or taking of possession of the property after receipt of this agreement is evidence of Guest`s acceptance of this agreement and all of its terms.
This Agreement is entered into for the occupancy of the property described in the reservation invoice (the “Premises”).
2. TERM.
The term of occupancy by a Guest is based on the agreed term listed in the reservation invoice. The term shall commence at 4:00 p.m. on the Check-in Date, and shall terminate at 11:00 a.m. on the Check-out Date (the “Term”). Licensee agrees to strictly abide by the foregoing check-in and check-out times, as well as all check-in and check-out instructions and procedures at any time provided or made available to Licensee. In the event that Guest violates any term of this agreement Licensor shall have the right to revoke the license and shall be entitled to have Guest removed from the Premises.
• Maximum Occupancy: The maximum occupancy for the Premises is detailed in Licensee’s reservation invoice and on the OC Furnished Rentals website (the “Maximum Occupancy”). Licensee understands and agrees that the Maximum Occupancy limit includes children and infants, is strictly enforced, and shall not be exceeded at any time during the Term without the express written authorization of Licensor in advance.
• Additional Guests: Should Licensee wish to entertain or invite additional persons on the Premises, Licensee shall make a written request to Licensor no less than five (5) days prior to the Check-in Date. Licensee’s request may be denied by Licensor in Licensor’s sole discretion, and the lack of a response shall constitute denial. Under no circumstances shall any approved guests stay later than 10:00 p.m.
• Minimum Age: The person signing this agreement must be 25 years of age or older and must be one of the Licensees throughout the Term.
• Meaning of Guest: Guest shall include the plural “Guests” and shall refer to the persons permitted to occupy the Premises pursuant to this agreement and the Reservation Invoice. Guest shall include all persons who are entitled to Premises as Licensee/Licensees. Each Guest agrees that he/she responsible to ensure that duties, obligations, restrictions, or other provisions applicable to Guest or Licensee hereunder shall apply equally and individually to any guests or visitors, whether or not such persons are authorized to be present on the Premises. Each Guest shall be jointly and severally liable for any breaches of this Agreement and any and all resulting damages or losses.
As consideration for use of the Premises during the Term, Guest agrees to pay Licensor total booking charges listed in the reservation agreement.
For reservations made through Airbnb all payments will be made and processed through Airbnb. Please see Airbnb’s payment policies to review your payment options.

All other reservations, please review the terms below.
• Initial Down Payment: Guest shall pay an initial non-refundable down payment in the amount of twenty-five percent (25%) of the total Booking Charges at the time of booking (the “Initial Down Payment”). Unless otherwise agreed by Licensor, the Initial Down Payment shall be paid via Visa, MasterCard or Debit card (“Major Credit Card”). Guest understands that occupancy dates are not reserved or confirmed until Licensor receives the Initial Down Payment.
• Remaining Balance: The remaining balance of the Booking Charges (the “Remaining Balance”) shall be due sixty (60) days prior to the Check-in Date. The Guest agrees and acknowledges that it is their responsibility to provide final payment sixty (60) days prior to the Check-In Date via check or credit card and acknowledges that if a credit card is used to pay the remaining balance (whether online or over the phone) a 2.75% processing fee will be added to the balance of the reservation. If we do not receive the final balance within the required payment period (60 days before arrival( we may, at our discretion, charge the credit card used for the initial down payment to pay for the balance.
• Additional Payment Terms: If Guest’s reservation is made sixty (60) days in advance of the Check-in Date or less, the Booking Charges shall be paid in full via Major Credit or debit Card. In no event will Guest be given access to the Premises until the Booking Charges are paid in full and cleared by Licensor’s banking institution (and the full security deposit is received, if applicable).
• Method of Payment: By entering into this Agreement and providing Guest’s credit card information, Guest expressly authorizes Licensor to charge Guest’s credit or debit card as set forth herein, and acknowledges that any such payment(s) will be automatically charged without further notice to Guest. All payment(s) shall be non-refundable unless otherwise expressly provided herein. Guest will pay Licensor a charge of $30 for each returned/dishonored check. A processing fee of 2.75% will be included on reservations paid in full by credit card.
• Check-In Procedures: Prior to arrival, Licensor will transmit to Guest instructions regarding obtaining access to the Premises. Upon entering the Premises, Guest agrees to follow all check-in procedures provided by Licensor, to call Licensor to confirm successful access, to examine the condition of the Premises, and to immediately notify Licensor in writing if the Premises or any of its contents are not in operating condition or are in disrepair. Licensor may contact Licensee or stop by the Premises within 24 hours of Licensee’s arrival.
• Early Check-In: Requests for early check-in will be granted in Licensor’s sole discretion and can only be confirmed with written notice.
• Check-Out Procedures: Guest shall review and comply with all check-out procedures provided by Licensor.
• Forgotten Items: Licensor shall not be responsible or liable under any circumstances for any personal belongings, valuables or other items forgotten at the Premises or left after check-out. If any such items are located, Licensor will undertake reasonable efforts to notify Guest of the same and to return them at Guest’s cost. Licensor shall not be responsible for any loss of, or damage to, any such items (in whole or in part), and this shall apply without limitation, to Licensor’s efforts in locating, holding, or returning any such items.
• If you have not departed by the departure date and time listed in the reservation confirmation then you authorize us to pack up your belongings and place them outside of the unit while cleaning takes place. If your belongings are not retrieved by the end of the cleaning, they will be brought to the OCFR office for safe keeping until you come to pick up. There will be a $100 late check out fee charged to your credit card for this service. You hereby hold harmless all OC Furnished Rentals Employees and vendors from legal action for this process.
• Generally: Linens and bath towels are provided by Licensor. Internet access is password protected (with access code provided prior to/upon check-in). To the extent practicable, the Premises will be fully furnished prior to check-in. However, there shall be no refunds or discounts if any amenities are not available or are inoperable. Use of the Premises and all amenities shall be subject to the Waiver and Release of All Claims, Assumption of the Risk, and Indemnification (the “Release”) attached hereto as Attachment B, and incorporated herein by reference as though set forth in full.
• Food Left by Prior Guests: Please note, on occasion prior guests may have left partial containers of condiments, spices, etc. Licensor assumes no responsibility for the quality or contents of any food products left on the premises, and Guest’s use and/or consumption of same shall be at its own risk and the risk of any guests.
• Particular Amenities: Guest understands the Premises may not have all items Guest is accustomed to having in its own home. Any specialty or particular items Guest is accustomed to using should be brought by Guest or purchased locally.
• Missing Items: Guest shall be responsible for the actual cost to replace any supplied item that is missing after check-out, and such sums may be withheld from Guest’s security deposit, or charged to credit card or debit card on file, as applicable.
• Additional Items: Licensor may provide bicycles, boogie boards, sand toys, beach chairs, beach towels, umbrellas, or coolers for Guest to use while enjoying the local beach neighborhood. If Licensor provides any of these items, it is Guest’s responsibility to inspect and approve the condition of any such items upon check-in and prior to use. If items are lost or stolen during Guest’s stay, Guest will be held responsible, with repair or replacement costs withheld from Guest’s security deposit, as applicable. In the event that any such items are available, Guest agrees to abide by the terms and conditions contained in Attachments A and B.
• Barbeques/Fireplaces: Barbeque grills and fireplaces are not available in all properties. If propane barbecues are supplied it is not Licensor’s responsibility to ensure they are filled. Any fire, smoke, or other damage shall be Guest’s responsibility.
• Pool/Hot Tub: If the Premises include a pool and/or hot tub, special instructions for safety and maintenance apply, and the failure to abide by these rules will result in charges to Guest’s security deposit. If a pool/hot tub is improperly used and must be drained and refilled, extra maintenance costs will be charged against Guest's security deposit or credit card. Guest agrees to use the pool/hot tub in accordance with posted rules, to follow all provided maintenance guidelines, and to abide by the additional terms and conditions set forth in Attachments A and B.
Noise/Parties: The property being rented is either a condominium in a residential development or a house in a residential neighborhood. There may be people living nearby who are year-round residents, with many neighboring homes being owner-occupied. Excessive noise, rowdy behavior, loud music or other nuisances will not be tolerated by neighbors or Licensor. Quiet hours begin at 10:00 p.m., including on weekends and holidays, and are strictly enforced. If this is not something that You intend on following we will refund Your reservation money up to 48 hours after receipt of this agreement. Licensee expressly acknowledges • and agrees that parties, excessive noise, or other similar disturbances (including, without limitation, those specified in Paragraph 10) can cause irreparable damage to Licensor’s business and its relations with neighbors, and agrees to pay the liquidated damages set forth herein for any violations. Liquidated damages are as follows and will be charged to Your credit card or recovered through legal action.
If OC Furnished Rentals staff are required to visit the premises to address a noise issue - minimum charge of $100.
2nd call onward, or if police and/or city code compliance officials are called = $1,000-$1,500.
• Applicable Laws: Guest shall fully comply with all local, state, and federal laws while staying at the Premises, including, without limitation, all city ordinances. Guest acknowledges that it is Guest’s responsibility to know, understand, and abide by all such laws and regulations.
• Pets: No pets or animals are allowed on the Premises at any time, unless prior written approval from OC Furnished Rentals. The presence of an animal may constitute grounds for immediate eviction and forfeiture of all payments, deposits and rents. Minimum liquidated damages for this violation is $750 per 24 hour period.
• Smoking: Smoking is not permitted in the Premises or on the balconies, courtyards, surrounding areas, patios and yards of the Premises. Evidence of smoking will result in immediate eviction and/or full forfeiture of all rents, down payments, deposits and the full cost of remediation and lost rents. Minimum liquidated damages of $500 for evidence of smoking in or on property.
• Condominium/HOA Rules: If the property is a condominium, or is subject to the rules of any HOA or any other similar restrictions, Licensee agrees to abide by any and all applicable rules and regulations including, without limitation, rules regarding noise, odors, disposal of refuse, parking, and use of common areas.
• Standard Rules & Restrictions: The standard rules and restrictions applicable to the Premises (including those applicable to pets, smoking, etc.) are attached hereto as Attachment A, and are incorporated herein by reference as though set forth in full. Licensee agrees to strictly abide by the same, as well as any other rules or restrictions applicable to the Premises or at any time provided to Licensee. A violation of any of these rules and restrictions constitutes cause for the cancellation of the reservation.
• Proper Usage of Premises: Guest shall properly use, operate, and maintain the Premises and its contents and amenities, including, without limitation, all furnishings, appliances, electronics, furniture, plumbing fixtures, landscaping, fireplaces, and any other amenities. Guest shall only use the Premises and its contents and amenities for their intended purposes; shall maintain them in a safe, clean, and sanitary condition; and shall not commit any waste or nuisance. Guest shall fully secure and lock the Premises at all times when Guest is not present. Guests shall not, at any time, go onto the roofs of properties. If any item of guest property is lost on the roof, guests shall call management to retrieve the item.

• Proper Usage of Internet: Guest will not download any unauthorized, copyrighted content from the internet through wifi, cable, DSL or other such service provided at any property managed by OC Furnished Rentals. Doing so is a violation of the service provider’s agreements and constitutes a breach of contract. All rights are reserved by owner and OC Furnished Rentals to remedy such breach.
• Electric Vehicles: As our properties are not priced to charge electric vehicles please note that the charging of an electric vehicle is not allowed without written permission from OC Furnished Rentals. If charging does occur the extra electrical charges will be added to your rental charges.
• Notification: Licensor cannot guarantee against the failure or malfunction of any item within the Premises. Guest shall immediately notify Licensor of any problems, damage, inoperability, malfunction or other issue at the Premises, or if any fire alarm “chirps” or has a low battery condition, by both phone (949)340-5464 and email reservations@OCFurnishedRentals.com. Licensor will make every reasonable effort to have repairs done quickly and efficiently. There shall be no refunds, credits, or rent reductions in the event of any such failure or malfunction. Should repair personnel be called out to a unit and discover the equipment is in working order or the problem was due to Guest’s oversight or neglect, Guest shall be responsible for the service charge. Guest shall pay for all damage resulting from a failure to report a problem, malfunction, or other issue in a timely manner.
• Liability: Except in the case of normal wear and tear reported to Licensor within 48 hours of check-in, Guest shall be responsible for any damage caused to the Premises, or resulting from Guest’s negligence or any breaches of this Agreement, and shall be responsible for any repair or replacement costs. This shall include, without limitation, any damage to landscaping, watermarks or scarring to hardwood floors, and misuse of appliances, equipment, and furnishings. Guest shall be responsible for any items that are missing, lost or stolen from the Premises during Guest’s stay, and shall be responsible for any plumbing stoppages or blockages, unless caused by defective plumbing parts or fixtures, or invading tree roots.
Licensor may terminate this Agreement, and Guest will be required to immediately vacate the Premises, forfeit all monies paid, and pay liquidated damages of three (3) times the amount of the rental fee or two thousand five hundred dollars ($2,500), which ever amount is greater, with said damages immediately charged to Guest’s credit card, should any of the following occur: (i) any house parties, kegs, or excessive noise emanating from the Premises; (ii) any violations of the occupancy limits set forth in Paragraph 3, above; (iii) any use of the Premises for any illegal activity, or in violation of any local, state, or federal, laws, including but not limited to, the possession, serving, or consumption of alcoholic beverages by or to persons less than 21 years of age; (iv) any use of the Premises in violation of any rules or regulations of any applicable HOA or similar association; (v) any conduct or disturbances resulting in law enforcement being called or notified; (vi) damage to the Premises or to any Neighboring properties; (vii) any fighting, domestic abuse, excessive speeding, or discharging of firearms, pellet or BB guns, or fireworks; or (viii) any disruptive behavior or other acts which interfere with neighbors' right to quiet enjoyment of their properties (occupancy and use of the Premises shall not disturb or offend neighbors or residents), (ix) any for profit or commercial purposes not previously authorized by OC Furnished Rentals and property owner.
Guest agrees that it will not “hold over” or occupy the Premises beyond 11:00 a.m. on the date of departure without the express prior written consent of Licensor.
• Damage Caused by Hold Over: Due to the nature of rentals, Guest agrees and acknowledges that any unauthorized holding over could cause Guest to breach agreements with other guests that have reserved the Premises during Guest’s hold over period; cause significant losses of income and to Licensor’s goodwill and reputation; result in significant relocation costs in securing alternative accommodations for impacted guests; otherwise interfere with Licensor’s business; impact the owner of the Premises; and/or interfere with critical services, improvements, or repairs. Guest acknowledges that holding over may constitute intentional/ tortious conduct giving rise to claims for punitive damages.
• Indemnification: Licensee hereby agrees to indemnify, defend, and hold harmless Licensor (and any of its members, representatives, agents and assigns) and the owner of the Premises, from and against any and all claims, damages, actions, causes of action, suits, obligations, expenses, liabilities or demands (including court costs and attorneys’ fees) by whomever or wherever made or presented, which arise out of, relate to, or are in any way connected with any unauthorized hold over by Licensee. Licensee’s obligations shall include the payment of Licensor’s actual attorney’s fees (on a monthly basis, or as otherwise incurred), and Licensor shall have the right to retain legal counsel of its choosing. When legal action is required all legal fees associated with this action and others associated with it is also pre-authorized to be charged on Your credit card or debit card on record.
• Cleaning: Cleaning staff will arrive promptly at check-out time on the day of departure. Guest shall be liable for a charge of $150/hour for each hour (or portion thereof) of holdover past check-out time. Cleaning staff has only a short time within which to clean the Premises. Holding over for more than two (2) hours will result in an extra day’s rent charged to the credit card on file.
• Cancellation: For reservations made through Airbnb a 50% refund will be issued for cancellations up until 2 months prior to arrival, except fees. For all other reservations there are NO refunds on initial down payments and final payment once reservation is made and paid for. Refunds on initial and/or final payments are ONLY returned if unit is re-rented. There are no refunds or credits for unused lodging. Cancellations must be made in writing to and verified in writing by Property Manager to be valid. Please contact us at (949) 340-5464 right away if You need to cancel. The failure to pay the Remaining Balance as set forth in the reservation invoice shall constitute notice of cancellation within sixty days of the Check-in Date such that the preceding sentence shall apply. Licensor shall be entitled to cancel this agreement if, due to unforeseen circumstances, without fault on the part of Licensor, Licensor is unable to deliver possession of the Premises to Guest
• Unavailability: Guest acknowledges that any number of events or circumstances may preclude Licensor from delivering possession of the Premises to Guest, including, without limitation, sale, foreclosure, fire, mandatory evacuation, acts of nature, construction delays, enactment or enforcement of restrictions on rentals, governmental action, actions taken by HOAs or similar associations, or any other similar circumstances. If Licensor is unable to deliver possession of the Premises at the start of the Term, this Agreement shall not be void or voidable by Guest, but Guest shall not be liable for any rent until possession is delivered. Licensor will engage in reasonable efforts to find comparable accommodations if unable to deliver possession. Guest may terminate this Agreement if possession is not delivered within 24 hours of the scheduled check-in time.
• Limitation of Liability: In the event Licensor is unable to deliver possession of the Premises, or is precluded from doing so for any reason, Licensor shall not be liable for any costs, expenses, or damages of any kind incurred by Guest. In such an event, Guest agrees that Licensor's sole liability shall be limited to a full refund of all payments received from Guest. Guest expressly acknowledges that in no event shall Licensor be liable for any consequential or secondary damages, including but not limited to, relocation or additional travel expenses, or any other loss. Guest understands that while Licensor offers rental insurance as described below, it is incumbent upon Guest to research and obtain additional/appropriate forms of protection (such as “cancel for any reason” travel insurance) should it so desire, and that Guest otherwise assumes the risks of unavailability.
“As Is” Rental: Chances are that Guest is reserving the Premises without having first viewed them in person. While the Premises have generally proven satisfactory to previous guests (except in the case of new rental properties), Guest understands it is renting the Premises on an “as is” basis. Should Guest become dissatisfied with the Premises for any reason, Licensor will make every reasonable effort to resolve any specific problem(s). However, there shall be no refunds or relocations of any kind, in whole or in part, unless otherwise expressly provided herein. This refund policy shall apply, without limitation, to (i) any early
• departure/check-out by Guest or shortened stay; (ii) any claims that the Premises or amenities are unsatisfactory, inoperable, or otherwise defective (including, but not limited to, issues with Internet service, cable service, décor, appliances, utilities, plumbing, pests, the quality of furnishings/linens, pool, spa, etc.); (iii) adverse or unexpected weather conditions; (iv) any unforeseen circumstances due to financial, health or family emergencies, or (v) any other similar issues, complaints, or circumstances. Guest has read and understands the cancellation/refund policy and the limitations on Licensor’s liability set forth above.
There shall be no refunds of any kind due to shortened stays or ruined expectations because of weather conditions or other unforeseen circumstances due to financial, health or family emergencies, and Licensee confirms that it has reviewed and understands the cancellation/refund policy set forth above. To protect Your investment (including the Initial Down Payment Licensor recommends CSA travel insurance available through Licensor. Rental insurance reimburses for pre-paid, non-refundable expenses due to certain unforeseeable circumstances that may jeopardize Your investment and force You to incur unplanned expenses. Licensor strongly recommends that Guest purchase this valuable protection. Please email us at reservations@ocfurnishedrentals.com or call (949) 340-5464 for additional information. Guest understands that certain terms and restrictions apply, and that it must consult the actual policy for full details and to understand the scope and limits of coverage.
By not purchasing this insurance Guest is declining coverage.
• Liability: Licensee agrees that any damages that exceed the security deposit will be charged to the credit card provided by Licensee, and acknowledges that the security deposit does not substitute for Licensee’s responsibility to leave the Premises in the same condition as received. The security deposit does not negate Licensee’s responsibilities as a responsible renter, nor does it relieve Licensee from responsibility for intentionally destructive acts of Licensee or other members of Licensee’s party. The Premises will be carefully inspected after Licensee’s departure and any damage, theft, or other similar incidents which occur during Licensee’s stay and which have not been disclosed to Licensor prior to Licensee’s departure will remain Licensee’s obligation. Claims of theft will not be effective unless Licensee obtains a valid police report. The security deposit does not cover theft of or damage to any personal property owned by or brought to the Premises by Licensee or its guests, visitors, or Co-Licensees.

• Authorization: Any waivers of theft or damage under the security deposit will be administered by Licensor at the Premises, and Licensor will have the sole authority to determine the nature and extent of damages, necessary repairs and eligibility for the security deposit described herein.

• Security Deposit: A security deposit shall be paid at the time of booking via Major Credit Card or check and will be administered/returned in accordance with applicable law, with deductions for any damages, expenses, repairs or other costs incurred or caused by Licensee or resulting from Licensee’s stay (other than ordinary wear and tear reported to Licensor within 48 hours of check-in). Further, any such damage in excess of the security deposit will also be charged to Licensee’s credit card.

By signing here you agree to the security deposit.
The Premises will be cleaned prior to Guest’s arrival, and after departure. Guest’s rental fee provides for typical cleaning requirements. If additional cleaning is required, Guest shall be responsible for the costs thereof.
Both Licensor and the owner of the Premises (or its representatives) shall have the right to enter the Premises at any time (i) to enforce the terms of this Agreement; (ii) in case of emergency; (iii) to verify that the terms of this Agreement are being met; (iv) to exhibit the Premises to prospective or actual purchasers, renters, workman, repairmen, guests, or contractors; or (v) when Guest has abandoned or surrendered the Premises. While Licensor will engage in reasonable efforts to notify Guest beforehand, no prior notice shall be required and Guest’s non-permission shall not preclude entry.
Licensee agrees to the terms of the Waiver and Release of All Claims, Assumption of the Risk, and Indemnification attached hereto as Attachment B, and which is incorporated herein by reference as though set forth in full.
Licensee and Licensor agree to mediate any dispute or claim arising between them out of this Agreement before resorting to court action, unless the amount in controversy is within the jurisdiction of the Small Claims Court in Orange County, California. The mediation shall take place in Orange County before a neutral with either JAMS or Judicate West. Mediation costs/fees shall be divided equally among the parties. If, for any dispute or claim to which this paragraph applies, any party commences an action without first attempting to resolve the matter through mediation, or refuses to mediate after a request has been made, that party shall not be entitled to recover attorneys’ fees, even if they would otherwise be available to that party in any such action. Notwithstanding the foregoing, a party may initiate legal action without participating in mediation (and may recover attorneys’ fees incurred in the litigation if it is the prevailing party) to the extent it seeks immediate injunctive relief in good faith. Notwithstanding any provision herein to the contrary, Licensor (or the owner of the Premises) may have Guest removed from the Premises by local law enforcement for any alleged violation of this agreement.
Licensee may not assign this Agreement or sublet the Premises or any portion thereof without prior written consent of Licensor. This Agreement may be assigned by Licensor, including, without limitation, to another management company or to the owner of the Premises.
Except as otherwise expressly provided herein, any notices to be given by either party to the other shall be in writing and shall be transmitted by either (1) personal delivery, (2) certified mail return receipt requested, (3) overnight delivery, or (4) facsimile with receipt confirmation and additional copy sent via regular mail, postage prepaid, as set forth below. Each party may change the address or facsimile number provided by giving written notice in accordance with this Paragraph. In the event of mailing, notice shall be deemed given on the 3rd day after down payment; otherwise notice shall be deemed given upon receipt (unless received after 5:00 p.m., and in such case, notice shall be effective on the next succeeding work day).

Notice to Licensor: Notice to Guest:
OC Furnished Rentals
Attn: Bradley den Dulk Name: Listed on Reservation Invoice
160 Avenida Granada Address: Listed on Reservation Invoice
San Clemente CA 92672
Fax: 949.427.2611

• Attorneys’ Fees: In any action or proceeding between Licensee and Licensor arising out of or related to this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees and costs, subject to the mediation provisions set forth below.
• Forum Selection; Governing Law: This Agreement shall be governed under the laws of the State of California (without regard to its conflict of laws provisions), and the exclusive forum and venue for any disputes arising hereunder or relating hereto shall be Orange County, California.
• Licensor Approval: If a representative of Licensor enters into this Agreement on Licensor’s behalf, and Licensor does not approve of its terms, Licensor has the right to cancel this Agreement, in writing, within 5 calendar days after its execution.
• Successors and Assigns: This Agreement shall be binding upon Licensee, and Licensee’s successors, heirs, and assigns.
• Integrated Agreement: This Agreement and Attachment A hereto contain the entire agreement between the parties relating to the subject matter hereof and supersedes any and all previous agreements between the parties.
• Waiver; Modification: No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the party to be charged. A failure of either party to insist upon strict compliance by the other party with any provision of this Agreement shall not be deemed a waiver of such provision, or a waiver of any other or further breach of or non-compliance with any provision hereof.
• Assignment: Licensor shall have the right to assign this Agreement to any entity to be formed by Licensor or its representatives such that the entity will take the place of Licensor under this Agreement (without otherwise affecting its terms).
• Construction: Each party has cooperated in the negotiation and preparation of this Agreement, and any rules regarding construction of the Agreement against the drafter shall not apply.
• Invalidity: In the event that any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect.
• Counterparts: This Agreement and any supplement, addendum or modification, including any copy, whether by copier, facsimile, NCR or electronic, may be signed in two or more counterparts, all of which shall constitute one and the same writing.
• Headings: All headings and subheadings in this Agreement are for convenience only and shall not affect the meaning of any provision hereof.