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TERMS OF SALE OF SURPLUS SPARE PARTS
1. SaleSeller sells, assigns, and transfers to Purchaser all of Seller's right, title, and interest in the surplus spare parts and related materials identified on Exhibit A (the “Parts”). 2. Purchase PricePurchase Price listed above is receipt of which is acknowledged. 3. Transfer of Title and RiskTitle, possession, and risk of loss pass to Purchaser upon pickup, delivery, loading, or execution of this Agreement if Purchaser already possesses the Parts. 4. InspectionPurchaser has had a full opportunity to inspect the Parts and either completed such inspection or voluntarily waived it. Purchaser is relying solely on its own inspection and judgment. 5. AS-IS Sale; Disclaimer of WarrantiesTHE PARTS ARE SOLD STRICTLY 'AS IS, WHERE IS, WITH ALL FAULTS,' WITHOUT RECOURSE OR RIGHT OF RETURN. TO THE MAXIMUM EXTENT PERMITTED BY FLORIDA LAW, SELLER DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, CONDITION, QUALITY, PERFORMANCE, CODE COMPLIANCE, AND ANY OTHER WARRANTY OF ANY KIND. 6. No RepresentationsSeller makes no representation regarding the Parts' condition, age, history, compatibility, usefulness, regulatory compliance, remaining useful life, or availability of replacement parts, documentation, manuals, software, firmware, or technical support. 7. Release; Indemnification; Limitation of LiabilityPurchaser releases Seller and its officers, directors, shareholders, employees, and agents from all claims arising out of the Parts. Purchaser shall defend, indemnify, and hold Seller harmless from all third-party claims, losses, liabilities, damages, and attorneys' fees relating to the Parts after transfer. Under no circumstances shall Seller be liable for any direct, indirect, incidental, consequential, special, exemplary, or punitive damages. 8. MiscellaneousSeller is winding up its business and will have no continuing obligations regarding the Parts. This Agreement is governed by Florida law, with exclusive venue in Miami-Dade County, Florida. The prevailing party in any dispute shall recover reasonable attorneys' fees and costs.
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