04-28-2025 Agenda Packet - Laserfiche WebLink

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PERSONAL WATERCRAFT RACE EVENTS AGREEMENT BY AND BETWEEN THE CITY OF PARIS AND NAUTI WATER RACING THIS AGREEMENT (the "Agreement") is made effective as of ......1M em 2025, (the "Effective Date"), by and between the following Parties: NAUTI WATER RACING, hereafter referred to as "Nauti", whose mailing address is 705 North Broadway, Wichita, KS 67214 ("NAUTI") and the City of Paris, Lamar County Chamber of Commerce and the Paris VCC (collectively referred to as "City" unless otherwise specified herein). Nauti 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 jetski races (the "Events") to be conducted on May 24-25, 2025 and August 2-3, 2025 at Lake Crook, Paris, Texas, NAUTI shall provide the services specified in Schedule A. 2. Consideration. In consideration of the Services rendered by NAUTI, NAUTI shall receive the following: NAUTI 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 NAUTI T-shirts and the Events T-shirts, souvenirs and other merchandise. NAUTI shall have no interest in the proceeds from sales of other T-shirts at the Events by third parties or the City. NAUTI's right to sell T-shirts, etc., at the Events is non-exclusive to NAUTI 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 NAUTI, City agrees to perform the obligations and supply such goods and services as specified in Schedule A. 4. Cancellation of the Race. In the Events of inclement weather or bad/rough water conditions, the NAUTI Director, or his designated representative, may cancel the Events no later than 24 hours prior to the start of the Events. 5. Governance of the Race. NAUTI is exclusively responsible for and has the paramount authority for regulating it personnel and membership, including pilots and their crews, team owners, and the composition of personal watercraft. 6. Rules and Regulations. NAUTI agrees to conduct the Events in accordance with the NAUTI Race Rules and Regulations. In the Events of any conflict between the terms of this Agreement and the provisions of such Rules and Regulations, the terms of the Agreement shall control.