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DocuSign Envelope ID: AE8E006C-30A5-4332-AF1E-D6ACDCECFAF7 <br />GENERAL TERMS AND CONDITIONS <br />INTERAGENCY AGREEMENT <br />STATE FUNDS <br />G. Take such action as may be necessary, or as the Authorized Representative may direct, for the <br />protection and preservation of the property related to this contract, which is in the possession of <br />the Contractor and in which the Authorized Representative has or may acquire an interest. <br />20. TREATMENT OF ASSETS <br />Title to all property furnished by COMMERCE shall remain in COMMERCE. Title to all property <br />furnished by the Contractor, for the cost of which the Contractor is entitled to be reimbursed as a <br />direct item of cost under this contract, shall pass to and vest in COMMERCE upon delivery of such <br />property by the Contractor. Title to other property, the cost of which is reimbursable to the Contractor <br />under this contract, shall pass to and vest in COMMERCE upon (i) issuance for use of such property in <br />the performance of this contract, or (ii) commencement of use of such property in the performance <br />of this contract, or (iii) reimbursement of the cost thereof by COMMERCE in whole or in part, <br />whichever first occurs. <br />A. Any property of COMMERCE furnished to the Contractor shall, unless otherwise provided herein <br />or approved by COMMERCE, be used only for the performance of this contract. <br />B. The Contractor shall be responsible for any loss or damage to property of COMMERCE that results <br />from the negligence of the Contractor or which results from the failure on the part of the <br />Contractor to maintain and administer that property in accordance with sound management <br />practices. <br />C. If any COMMERCE property is lost, destroyed or damaged, the Contractor shall immediately notify <br />COMMERCE and shall take all reasonable steps to protect the property from further damage. <br />D. The Contractor shall surrender to COMMERCE all property of COMMERCE prior to settlement <br />upon completion, termination or cancellation of this contract <br />All reference to the Contractor under this clause shall also include Contractor's employees, agents <br />or Subcontractors. <br />21. WAIVER <br />Waiver of any default or breach shall not be deemed to be a waiver of any subsequent default or <br />breach. Any waiver shall not be construed to be a modification of the terms of this Contract unless <br />stated to be such in writing and signed by Authorized Representative of COMMERCE. <br />State of Washington Interagency Agreement Updated August 2019 <br />Department of Commerce Page 8 <br />