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HomeMy WebLinkAboutContract  AGREEMENTFORTRANSPORTATIONASSESSMENTSERVICES   THISAGREEMENT,datedforreferencepurposesonlyasNovember29,2022,isbyandbetween theCityofRenton(the“City”),aWashingtonmunicipalcorporation,andTranspoGroupUSA, Inc.(“Consultant”),.TheCityandtheConsultantarereferredtocollectivelyinthisAgreementas the“Parties.”OncefullyexecutedbytheParties,thisAgreementiseffectiveasofthelastdate signedbybothparties.  1.ScopeofWork:Consultantagreestoprovidetransportationassessmentservicesas specifiedinExhibitA,whichisattachedandincorporatedhereinandmayhereinafterbe referredtoasthe“Work.”  2.ChangesinScopeofWork:TheCity,withoutinvalidatingthisAgreement,mayorder changestotheWorkconsistingofadditions,deletionsormodifications.Anysuchchanges totheWorkshallbeorderedbytheCityinwritingandtheCompensationshallbe equitablyadjustedconsistentwiththeratessetforthinExhibitAasotherwisemutually agreedbytheParties.  3.TimeofPerformance:ConsultantshallcommenceperformanceoftheAgreement pursuanttotheschedule(s)setforthinExhibitA.AllWorkshallbeperformedbynolater thanFebruary28,2023.  4.Compensation:  A.Amount.TotalcompensationtoConsultantforWorkprovidedpursuanttothis Agreementshallnotexceed$10,000.00,plusanyapplicablestateandlocalsales taxes.Compensationshallbepaidas a flat rate fixed sum baseduponWorkactually performedaccordingtotheamountsspecifiedinExhibitA.Exceptasspecifically providedherein,theConsultantshallbesolelyresponsibleforpaymentofanytaxes imposedasaresultoftheperformanceandpaymentofthisAgreement.  B.MethodofPayment.Onamonthlyornolessthanquarterlybasisduringanyquarter inwhichWorkisperformed,theConsultantshallsubmitavoucherorinvoiceinaform specifiedbytheCity,includingadescriptionofwhatWorkhasbeenperformed,the nameofthepersonnelperformingsuchWork,andanyhourlylaborchargeratefor suchpersonnel.TheConsultantshallalsosubmitafinalbilluponcompletionofall Work.PaymentshallbemadebytheCityforWorkperformedwithinthirty(30) calendardaysafterreceiptandapprovalbytheappropriateCityrepresentativeofthe          CAG-22-407  PAGE2OF10  voucherorinvoice.IftheConsultant’sperformancedoesnotmeettherequirements ofthisAgreement,theConsultantwillcorrectormodifyitsperformancetocomply withtheAgreement.TheCitymaywithholdpaymentforworkthatdoesnotmeetthe requirementsofthisAgreement.  C.EffectofPayment.PaymentforanypartoftheWorkshallnotconstituteawaiverby theCityofanyremediesitmayhaveagainsttheConsultantforfailureofthe ConsultanttoperformtheWorkorforanybreachofthisAgreementbythe Consultant.  D.NonͲAppropriationofFunds.Ifsufficientfundsarenotappropriatedorallocatedfor paymentunderthisAgreementforanyfuturefiscalperiod,theCityshallnotbe obligatedtomakepaymentsforWorkoramountsincurredaftertheendofthe currentfiscalperiod,andthisAgreementwillterminateuponthecompletionofall remainingWorkforwhichfundsareallocated.Nopenaltyorexpenseshallaccrueto theCityintheeventthisprovisionapplies.  5.Termination: A.TheCityreservestherighttoterminatethisAgreementatanytime,withorwithout causebygivingten(10)calendardays’noticetotheConsultantinwriting.Intheevent ofsuchterminationorsuspension,allfinishedorunfinisheddocuments,data,studies, worksheets,modelsandreports,orothermaterialpreparedbytheConsultant pursuanttothisAgreementshallbesubmittedtotheCity,ifanyarerequiredaspart oftheWork.  B.IntheeventthisAgreementisterminatedbytheCity,theConsultantshallbeentitled topaymentforallhoursworkedtotheeffectivedateoftermination,lessallpayments previouslymade.IftheAgreementisterminatedbytheCityafterpartialperformance ofWorkforwhichtheagreedcompensationisafixedfee,theCityshallpaythe Consultantanequitableshareofthefixedfee.Thisprovisionshallnotpreventthe Cityfromseekinganylegalremediesitmayhavefortheviolationornonperformance ofanyoftheprovisionsofthisAgreementandsuchchargesduetotheCityshallbe deductedfromthefinalpaymentduetheConsultant.Nopaymentshallbemadeby theCityforanyexpensesincurredorworkdonefollowingtheeffectivedateof terminationunlessauthorizedinadvanceinwritingbytheCity.  6.WarrantiesAndRightToUseWorkProduct:Consultantrepresentsandwarrantsthat ConsultantwillperformallWorkidentifiedinthisAgreementinaprofessionaland workmanlikemannerandinaccordancewithallreasonableandprofessionalstandards andlaws.Compliancewithprofessionalstandardsincludes,asapplicable,performingthe WorkincompliancewithapplicableCitystandardsorguidelines(e.g.designcriteriaand StandardPlansforRoad,BridgeandMunicipalConstruction).Professionalengineersshall           PAGE3OF10  certifyengineeringplans,specifications,plats,andreports,asapplicable,pursuantto RCW18.43.070.Consultantfurtherrepresentsandwarrantsthatallfinalworkproduct createdforanddeliveredtotheCitypursuanttothisAgreementshallbetheoriginalwork oftheConsultantandfreefromanyintellectualpropertyencumbrancewhichwould restricttheCityfromusingtheworkproduct.ConsultantgrantstotheCityanonͲ exclusive,perpetualrightandlicensetouse,reproduce,distribute,adapt,modify,and displayallfinalworkproductproducedpursuanttothisAgreement.TheCity’sorother’s adaptation,modificationoruseofthefinalworkproductsotherthanforthepurposesof thisAgreementshallbewithoutliabilitytotheConsultant.Theprovisionsofthissection shallsurvivetheexpirationorterminationofthisAgreement.  7.RecordMaintenance:TheConsultantshallmaintainaccountsandrecords,which properlyreflectalldirectandindirectcostsexpendedandWorkprovidedinthe performanceofthisAgreementandretainsuchrecordsforaslongasmayberequiredby applicableWashingtonStaterecordsretentionlaws,butinanyeventnolessthansix yearsaftertheterminationofthisAgreement.TheConsultantagreestoprovideaccess toandcopiesofanyrecordsrelatedtothisAgreementasrequiredbytheCitytoaudit expendituresandchargesand/ortocomplywiththeWashingtonStatePublicRecordsAct (Chapter42.56RCW).Theprovisionsofthissectionshallsurvivetheexpirationor terminationofthisAgreement.  8.PublicRecordsCompliance:TothefullextenttheCitydeterminesnecessarytocomply withtheWashingtonStatePublicRecordsAct,Consultantshallmakeaduediligentsearch ofallrecordsinitspossessionorcontrolrelatingtothisAgreementandtheWork, including,butnotlimitedto,eͲmail,correspondence,notes,savedtelephonemessages, recordings,photos,ordrawingsandprovidethemtotheCityforproduction.Intheevent Consultantbelievessaidrecordsneedtobeprotectedfromdisclosure,itmay,at Consultant’sownexpense,seekjudicialprotection.Consultantshallindemnify,defend, andholdharmlesstheCityforallcosts,includingattorneys’fees,attendanttoanyclaim orlitigationrelatedtoaPublicRecordsActrequestforwhichConsultanthasresponsive recordsandforwhichConsultanthaswithheldrecordsorinformationcontainedtherein, ornotprovidedthemtotheCityinatimelymanner.Consultantshallproducefor distributionanyandallrecordsresponsivetothePublicRecordsActrequestinatimely manner,unlessthoserecordsareprotectedbycourtorder.Theprovisionsofthissection shallsurvivetheexpirationorterminationofthisAgreement.  9.IndependentContractorRelationship: A.TheConsultantisretainedbytheCityonlyforthepurposesandtotheextentsetforth inthisAgreement.ThenatureoftherelationshipbetweentheConsultantandtheCity duringtheperiodoftheWorkshallbethatofanindependentcontractor,not employee.TheConsultant,nottheCity,shallhavethepowertocontrolanddirectthe details,mannerormeansofWork.Specifically,butnotbymeansoflimitation,the           PAGE4OF10  Consultantshallhavenoobligationtoworkanyparticularhoursorparticular schedule,unlessotherwiseindicatedintheScopeofWorkorwhereschedulingof attendanceorperformanceismutuallyarrangedduetothenatureoftheWork. ConsultantshallretaintherighttodesignatethemeansofperformingtheWork coveredbythisagreement,andtheConsultantshallbeentitledtoemployother workersatsuchcompensationandsuchotherconditionsasitmaydeemproper, provided,however,thatanycontractsomadebytheConsultantistobepaidbyit alone,andthatemployingsuchworkers,itisactingindividuallyandnotasanagent fortheCity.  B.TheCityshallnotberesponsibleforwithholdingorotherwisedeductingfederal incometaxorSocialSecurityorcontributingtotheStateIndustrialInsurance Program,orotherwiseassumingthedutiesofanemployerwithrespecttoConsultant oranyemployeeoftheConsultant.  C.IftheConsultantisasoleproprietorshiporifthisAgreementiswithanindividual,the ConsultantagreestonotifytheCityandcompleteanyrequiredformiftheConsultant retiredunderaStateofWashingtonretirementsystemandagreestoindemnifyany lossestheCitymaysustainthroughtheConsultant’sfailuretodoso.  10.HoldHarmless:TheConsultantagreestorelease,indemnify,defend,andholdharmless theCity,electedofficials,employees,officers,representatives,andvolunteersfromany andallclaims,demands,actions,suits,causesofaction,arbitrations,mediations, proceedings,judgments,awards,injuries,damages,liabilities,taxes,losses,fines,fees, penalties,expenses,attorney’sorattorneys’fees,costs,and/orlitigationexpensestoor byanyandallpersonsorentities,arisingfrom,resultingfrom,orrelatedtothenegligent acts,errorsoromissionsoftheConsultantinitsperformanceofthisAgreementora breachofthisAgreementbyConsultant,exceptforthatportionoftheclaimscausedby theCity’ssolenegligence.  ShouldacourtofcompetentjurisdictiondeterminethatthisagreementissubjecttoRCW 4.24.115,(Validityofagreementtoindemnifyagainstliabilityfornegligencerelativeto construction,alteration,improvement,etc.,ofstructureorimprovementattachedtoreal estate…)then,intheeventofliabilityfordamagesarisingoutofbodilyinjurytopersons ordamagestopropertycausedbyorresultingfromtheconcurrentnegligenceofthe ConsultantandtheCity,itsofficers,officials,employeesandvolunteers,Consultant’s liabilityshallbeonlytotheextentofConsultant’snegligence.  Itisfurtherspecificallyandexpresslyunderstoodthattheindemnificationprovidedin thisAgreementconstituteConsultant’swaiverofimmunityundertheIndustrial InsuranceAct,RCWTitle51,solelyforthepurposesofthisindemnification.TheParties           PAGE5OF10  havemutuallynegotiatedandagreedtothiswaiver.Theprovisionsofthissectionshall survivetheexpirationorterminationofthisAgreement.  11. GiftsandConflicts:TheCity’sCodeofEthicsandWashingtonStatelawprohibitCity employeesfromsoliciting,accepting,orreceivinganygift,gratuityorfavorfromany person,firmorcorporationinvolvedinacontractortransaction.Toensurecompliance withtheCity’sCodeofEthicsandstatelaw,theConsultantshallnotgiveagiftofanykind toCityemployeesorofficials.ConsultantalsoconfirmsthatConsultantdoesnothavea businessinterestoraclosefamilyrelationshipwithanyCityofficeroremployeewhowas, is,orwillbeinvolvedinselectingtheConsultant,negotiatingoradministeringthis Agreement,orevaluatingtheConsultant’sperformanceoftheWork.  12.CityofRentonBusinessLicense:UnlessexemptedbytheRentonMunicipalCode,t ConsultantshallobtainaCityofRentonBusinessLicensepriortoperforminganyWork andmaintainthebusinesslicenseingoodstandingthroughoutthetermofthis agreementwiththeCity.  Informationregardingacquiringacitybusinesslicensecanbefoundat: https://www.rentonwa.gov/Tax  InformationregardingStatebusinesslicensingrequirementscanbefoundat: https://dor.wa.gov/doingͲbusiness/registerͲmyͲbusiness   13.Insurance:Consultantshallsecureandmaintain: A.Commercialgeneralliabilityinsuranceintheminimumamountsof$1,000,000for eachoccurrence/$2,000,000aggregatefortheTermofthisAgreement.  B.IntheeventthatWorkdeliveredpursuanttothisAgreementeitherdirectlyor indirectlyinvolveorrequireProfessionalServices,ProfessionalLiability,Errorsand Omissionscoverageshallbeprovidedwithminimumlimitsof$1,000,000per occurrence."ProfessionalServices",forthepurposeofthissection,shallmeanany WorkprovidedbyalicensedprofessionalorWorkthatrequiresaprofessional standardofcare.  C.Workers’compensationcoverage,asrequiredbytheIndustrialInsurancelawsofthe StateofWashington,shallalsobesecured.  D.CommercialAutomobileLiabilityforowned,leased,hiredornonͲowned,leased,hired ornonͲowned,withminimumlimitsof$1,000,000peroccurrencecombinedsingle limit,iftherewillbeanyuseofConsultant’svehiclesontheCity’sPremisesbyoron behalfoftheCity,beyondnormalcommutes.            PAGE6OF10  E.ConsultantshallnametheCityasanAdditionalInsuredonitscommercialgeneral liabilitypolicyonanonͲcontributoryprimarybasis.TheCity’sinsurancepoliciesshall notbeasourceforpaymentofanyConsultantliability,norshallthemaintenanceof anyinsurancerequiredbythisAgreementbeconstruedtolimittheliabilityof ConsultanttothecoverageprovidedbysuchinsuranceorotherwiselimittheCity’s recoursetoanyremedyavailableatlaworinequity.  F.SubjecttotheCity’sreviewandacceptance,acertificateofinsuranceshowingthe properendorsements,shallbedeliveredtotheCitybeforeperformingtheWork.  G.ConsultantshallprovidetheCitywithwrittennoticeofanypolicycancellation,within two(2)businessdaysoftheirreceiptofsuchnotice.  14.Delays:Consultantisnotresponsiblefordelayscausedbyfactorsbeyondthe Consultant’sreasonablecontrol.WhensuchdelaysbeyondtheConsultant’sreasonable controloccur,theCityagreestheConsultantisnotresponsiblefordamages,norshallthe ConsultantbedeemedtobeindefaultoftheAgreement.  15.SuccessorsandAssigns:NeithertheCitynortheConsultantshallassign,transferor encumberanyrights,dutiesorinterestsaccruingfromthisAgreementwithoutthe writtenconsentoftheother.  16.Notices:AnynoticerequiredunderthisAgreementwillbeinwriting,addressedtothe appropriatepartyattheaddresswhichappearsbelow(asmodifiedinwritingfromtime totimebysuchparty),andgivenpersonally,byregisteredorcertifiedmail,returnreceipt requested,byfacsimileorbynationallyrecognizedovernightcourierservice.Timeperiod fornoticesshallbedeemedtohavecommenceduponthedateofreceipt,EXCEPT facsimiledeliverywillbedeemedtohavecommencedonthefirstbusinessdayfollowing transmission.Emailandtelephonemaybeusedforpurposesofadministeringthe Agreement,butshouldnotbeusedtogiveanyformalnoticerequiredbytheAgreement.  CITYOFRENTON  RussWoodruff 1055SouthGradyWay Renton,WA98057 Phone:(206)556Ͳ5026 rwoodruff@rentonwa.gov  CONSULTANT  DanielMcKinney 12131113thAveNE,Suite203 Kirkland,WA.98034 Phone:(425)821Ͳ3665 dan.mckinney@transpogroup.com   17.DiscriminationProhibited:Excepttotheextentpermittedbyabonafideoccupational qualification,theConsultantagreesasfollows:           PAGE7OF10  A.Consultant,andConsultant’sagents,employees,representatives,andvolunteers withregardtotheWorkperformedortobeperformedunderthisAgreement,shall notdiscriminateonthebasisofrace,color,sex,religion,nationality,creed,marital status,sexualorientationorpreference,age(exceptminimumageandretirement provisions),honorablydischargedveteranormilitarystatus,orthepresenceofany sensory,mentalorphysicalhandicap,unlessbaseduponabonafideoccupational qualificationinrelationshiptohiringandemployment,inemploymentorapplication foremployment,theadministrationofthedeliveryofWorkoranyotherbenefits underthisAgreement,orprocurementofmaterialsorsupplies.  B.TheConsultantwilltakeaffirmativeactiontoinsurethatapplicantsareemployedand thatemployeesaretreatedduringemploymentwithoutregardtotheirrace,creed, color,nationalorigin,sex,age,sexualorientation,physical,sensoryormental handicaps,ormaritalstatus.Suchactionshallinclude,butnotbelimitedtothe followingemployment,upgrading,demotionortransfer,recruitmentorrecruitment advertising,layoffortermination,ratesofpayorotherformsofcompensationand selectionfortraining.  C.IftheConsultantfailstocomplywithanyofthisAgreement’snonͲdiscrimination provisions,theCityshallhavetheright,atitsoption,tocanceltheAgreementin wholeorinpart.  D.TheConsultantisresponsibletobeawareofandincompliancewithallfederal,state andlocallawsandregulationsthatmayaffectthesatisfactorycompletionofthe project,whichincludesbutisnotlimitedtofairlaborlaws,worker'scompensation, andTitleVIoftheFederalCivilRightsActof1964,andwillcomplywithCityofRenton CouncilResolutionNumber4085.  18.Miscellaneous:Thepartiesherebyacknowledge: A.TheCityisnotresponsibletotrainorprovidetrainingforConsultant.  B.Consultantwillnotbereimbursedforjobrelatedexpensesexcepttotheextent specificallyagreedwithintheattachedexhibits.  C.Consultantshallfurnishalltoolsand/ormaterialsnecessarytoperformtheWork excepttotheextentspecificallyagreedwithintheattachedexhibits.  D.Intheeventspecialtraining,licensing,orcertificationisrequiredforConsultantto provideWorkhe/shewillacquireormaintainsuchathis/herownexpenseand,if Consultantemploys,subͲcontracts,orotherwiseassignstheresponsibilitytoperform theWork,saidemployee/subͲcontractor/assigneewillacquireandormaintainsuch training,licensing,orcertification.           PAGE8OF10  E.ThisisanonͲexclusiveagreementandConsultantisfreetoprovidehis/herWorkto otherentities,solongasthereisnointerruptionorinterferencewiththeprovisionof WorkcalledforinthisAgreement.  F. Consultantisresponsibleforhis/herowninsurance,including,butnotlimitedto healthinsurance.  G.Consultantisresponsibleforhis/herownWorker’sCompensationcoverageaswellas thatforanypersonsemployedbytheConsultant.  19.OtherProvisions: A.ApprovalAuthority.EachindividualexecutingthisAgreementonbehalfoftheCity andConsultantrepresentsandwarrantsthatsuchindividualsaredulyauthorizedto executeanddeliverthisAgreementonbehalfoftheCityorConsultant.  B.GeneralAdministrationandManagement.TheCity’sprojectmanagerisRuss Woodruff.InprovidingWork,ConsultantshallcoordinatewiththeCity’scontract managerorhis/herdesignee.  C.AmendmentandModification.ThisAgreementmaybeamendedonlybyan instrumentinwriting,dulyexecutedbybothParties.  D.Conflicts.IntheeventofanyinconsistenciesbetweenConsultantproposalsandthis Agreement,thetermsofthisAgreementshallprevail.Anyexhibits/attachmentsto thisAgreementareincorporatedbyreferenceonlytotheextentofthepurposefor whichtheyarereferencedwithinthisAgreement.TotheextentaConsultant preparedexhibitconflictswiththetermsinthebodyofthisAgreementorcontains termsthatareextraneoustothepurposeforwhichitisreferenced,thetermsinthe bodyofthisAgreementshallprevailandtheextraneoustermsshallnotbe incorporatedherein.  E.GoverningLaw.ThisAgreementshallbemadeinandshallbegovernedbyand interpretedinaccordancewiththelawsoftheStateofWashingtonandtheCityof Renton.ConsultantandalloftheConsultant’semployeesshallperformtheWorkin accordancewithallapplicablefederal,state,countyandcitylaws,codesand ordinances.  F.JointDraftingEffort.ThisAgreementshallbeconsideredforallpurposesasprepared bythejointeffortsofthePartiesandshallnotbeconstruedagainstonepartyorthe otherasaresultofthepreparation,substitution,submissionorothereventof negotiation,draftingorexecution.            PAGE9OF10  G. JurisdictionandVenue.Anylawsuitorlegalactionbroughtbyanypartytoenforceor interpretthisAgreementoranyofitstermsorcovenantsshallbebroughtintheKing CountySuperiorCourtfortheStateofWashingtonattheMalengRegionalJustice CenterinKent,KingCounty,Washington,oritsreplacementorsuccessor.Consultant herebyexpresslyconsentstothepersonalandexclusivejurisdictionandvenueof suchcourtevenifConsultantisaforeigncorporationnotregisteredwiththeStateof Washington.  H. Severability.Acourtofcompetentjurisdiction’sdeterminationthatanyprovisionor partofthisAgreementisillegalorunenforceableshallnotcancelorinvalidatethe remainderofthisAgreement,whichshallremaininfullforceandeffect.  I. SoleandEntireAgreement.ThisAgreementcontainstheentireagreementofthe Partiesandanyrepresentationsorunderstandings,whetheroralorwritten,not incorporatedareexcluded.  J. TimeisoftheEssence.TimeisoftheessenceofthisAgreementandeachandallof itsprovisionsinwhichperformanceisafactor.Adherencetocompletiondatesset forthinthedescriptionoftheWorkisessentialtotheConsultant’sperformanceof thisAgreement.  K. ThirdͲPartyBeneficiaries.NothinginthisAgreementisintendedto,norshallbe construedtogiveanyrightsorbenefitsintheAgreementtoanyoneotherthanthe Parties,andalldutiesandresponsibilitiesundertakenpursuanttothisAgreementwill beforthesoleandexclusivebenefitofthePartiesandnooneelse.  L. BindingEffect.ThePartieseachbindthemselves,theirpartners,successors,assigns, andlegalrepresentativestotheotherpartytothisAgreement,andtothepartners, successors,assigns,andlegalrepresentativesofsuchotherpartywithrespecttoall covenantsoftheAgreement.  M. Waivers.Allwaiversshallbeinwritingandsignedbythewaivingparty.Eitherparty’s failuretoenforceanyprovisionofthisAgreementshallnotbeawaiverandshallnot preventeithertheCityorConsultantfromenforcingthatprovisionoranyother provisionofthisAgreementinthefuture.Waiverofbreachofanyprovisionofthis Agreementshallnotbedeemedtobeawaiverofanypriororsubsequentbreach unlessitisexpresslywaivedinwriting.  N. Counterparts.ThePartiesmayexecutethisAgreementinanynumberof counterparts,eachofwhichshallconstituteanoriginal,andallofwhichwilltogether constitutethisoneAgreement.            PAGE10OF10  INWITNESSWHEREOF,thePartieshavevoluntarilyenteredintothisAgreementasofthedate lastsignedbythePartiesbelow.  CITYOFRENTON   By:_____________________________ CONSULTANT   By:____________________________ MartinPastucha Administrator–PublicWorks EnterSigner’sName EnterSigner’sTitle  _____________________________ Date  _____________________________ Date Attest   _____________________________ JasonA.Seth CityClerk  ApprovedastoLegalForm   By:__________________________  ShaneMoloney CityAttorney   ContractTemplateUpdated5/21/2021 12/08/2022 Principal Daniel G. McKinney Jr. Daniel G McKinney Jr 2022.12.08 09:43:07-08'00'             N/A Approved by Cheryl Beyer via 12/9/2022 email      ([KLELW$²6FRSHRI6HUYLFHV)HH 6FKHGXOH  &OLHQW1DPH &LW\RI5HQWRQ 3URMHFW1DPH %HKDYLRUDO+HDOWK+RPHOHVV5HVRXUFH&HQWHU ([KLELW'DWHG1RYHPEHU 7* 35 6FRSHRI6HUYLFHV 7KHIROORZLQJVFRSHLVEDVHGRQSURMHFWLQIRUPDWLRQUHFHLYHGE\7UDQVSR*URXS 7UDQVSR IURP&LW\RI 5HQWRQ &OLHQW DQG7UDQVSR¶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²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²0HHWLQJVDQG&RRUGLQDWLRQ 0HHWLQJVPD\ RUPD\QRW EHQHFHVVDU\DVSDUWRIWKHGHYHORSPHQWUHYLHZSURFHVVDQGDVVXFKLWLVQRW SRVVLEOHWRDFFXUDWHO\EXGJHWIRUWKLVVHUYLFHDWWKHWLPHRIFRQWUDFWLQJ6KRXOGWKH&OLHQWUHTXHVW7UDQVSR¶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