04-28-2025 Agenda Packet - Laserfiche WebLink

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DRAG BOAT RACE EVENT AGREEMENT BY AND BETWEEN THE CITY OF PARIS AND SMOKE ON THE WATER, LLC THIS AGREEMENT (the "Agreement") is made effective as of ........ 2025, (the "Effective Date"), by and between the following Parties: SMOKE ON THE WATER, LLC, an Oklahoma limited liability company, whose mailing address is 2500 Ridgecrest Dr., EI Reno, OK 73036 ("SOTW") and the City of Paris, Lamar County Chamber of Commerce and the Paris VCC (collectively referred to as "City" unless otherwise specified herein). SOTW and City may each be referred to herein as a "Party" and collectively as the "Parties". The Parties hereby agree as follows: 1. Description of Services. In connection with a drag boat race (the "Event") to be conducted on September 24-28, 2025 at Lake Crook, Paris, Texas, SOTW shall provide the services specified in Schedule A. 2. Consideration. In consideration of the Services rendered by SOTW, SOTW shall receive the following: SOTW shall be entitled to receive and retain as its sole and exclusive property, all registration fees, vendor fees, spectator gate fees, sponsorship fees and profits from the sale of SOTW T-shirts and the Event T-shirts, souvenirs and other merchandise. SOTW shall have no interest in the proceeds from sales of other T-shirts at the Event by third parties or the City. SOTW's right to sell T-shirts, etc., at the Event is non-exclusive to SOTW unless specified otherwise in Schedule A which said terms in Schedule A shall control. 3. Obligations of City. In consideration of the Services to be rendered by SOTW, City agrees to perform the obligations and supply such goods and services as specified in Schedule A. 4. Cancellation of the Race. In the event of inclement weather or bad/rough water conditions, the SOTW Director, or his designated representative, may cancel the Event no later than 24 hours prior to the start of the Event. 5. Governance of the Race. SOTW is exclusively responsible for and has the paramount authority for regulating it personnel and membership, including drivers and their crews, team owners, and the composition of race boats. 6. Rules and Regulations. SOTW agrees to conduct the Event in accordance with the SOTW Race Rules and Regulations. In the event of any conflict between the terms of this Agreement and the provisions of such Rules and Regulations, the terms of the Agreement shall control.