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18. NO JOINT VENTURE OR PARTNERSHIP: Nothing contained in this Agreement is <br />intended to create a partnership or joint venture between the City and the Owner <br />with respect to the Work, and any implication to the contrary is hereby expressly <br />disavowed. It is understood and agreed that this Agreement does not provide for <br />the joint exercise by the parties of any activity, function or service, nor does it <br />create a joint enterprise, nor does it authorize any party hereto to act as an agent <br />of the other party hereto for any purpose. <br />19. GOVERNING LAW AND VENUE: This Agreement shall be governed by the laws <br />of the State of Colorado and venue shall lie in the County of Boulder. <br />20. NO LIABILITY; NO WAIVER OF IMMUNITY: The City shall in no manner be liable <br />to the Owner or any other person for any monies expended or liabilities incurred by <br />the Owner in connection with the Grant program, whether or not the Owner is <br />actually paid any funds from the Grant. No portion of this Agreement shall be <br />deemed to constitute a waiver of any immunities the parties or their officers or <br />employees may possess, nor shall any portion of this Agreement be deemed to <br />have created a duty of care which did not previously exist with respect to any <br />person not a party to this Agreement. <br />21. NO THIRD PARTY BENEFICIARY ENFORCEMENT: It is expressly understood <br />and agreed that the enforcement of the terms and conditions of this Agreement, <br />and all rights of action relating to such enforcement, shall be strictly reserved to the <br />undersigned parties and nothing in this Agreement shall give or allow any claim or <br />right of action whatsoever by any other person not included in the Agreement. It is <br />the express intention of the undersigned parties that any entity other than the <br />undersigned parties receiving services or benefits under this Agreement shall be <br />considered to be an incidental beneficiary only. <br />22. ASSIGNMENT: This Agreement may not be assigned by the Owner without the <br />prior written consent of the City, which consent may be given or withheld in the <br />City's sole discretion, except that Owner may, without requiring City's consent, <br />assign this Agreement before the purchase of the Property to an entity controlled <br />by Michael W. Kranzdorf. <br />23. INDEMNIFICATION: The Owner shall be liable and responsible for any and all <br />damages to persons or property caused by or arising out of the actions, <br />obligations, or omissions of the Owner, its officers, employees, contractors, agents, <br />representatives or other persons acting under the Owner's direction or control in <br />performing or failing to perform any obligation of Owner under this Agreement or in <br />any matter related to completion of the Work. To the fullest extent allowed by law, <br />the Owner will indemnify and hold harmless the City, its elected and appointed <br />officials, and its employees, agents and representatives ( "City Indemnified <br />Parties "), from any and all liability, claims, demands, liens, claims on funds, <br />actions, damages, losses, judgments, costs or expenses, including but not limited <br />to attorneys' fees, which may be made or brought or which may result against any <br />9 <br />