Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / engagement-letter-vhg.docx
engagement-letter-vhg.docx
Parties
HARKNESS LLP
Counsel Verimark Hospitality Group Inc
Verimark Hospitality Group Inc
Ironclad Indemnity Corp
Pinnacle Surplus Lines Inc
Sovereign Re Ltd
Tidewater Risk Advisors LLC
Dates
August 30, 2022
August 22, 2022
August 26, 2022
August 29, 2022
Amounts
$60,000,000
$500,000
$785.00
$30,000,000
$47,000,000
$17,000,000
$850,000
$10,000
$1,150.00
$1,100.00
Obligations
Unless otherwise agreed in a subsequent writing signed by both parties, this Letter shall govern the Firm's representation of VHG in the matters described in Section 2
If recovery is received in installments over time, the Enhancement shall be calculated based on the cumulative net recovery and shall become payable when, and to the extent that, the cumulative net recovery exceeds the Thirty Million Dollar ($30,000,000) threshold
Client Responsibilities VHG agrees to cooperate fully with the Firm in the conduct of this engagement to ensure the efficient and effective prosecution of VHG's insurance coverage claims
Governing Law and Dispute Resolution This Engagement Letter shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict-of-laws principles
The arbitration shall be conducted in accordance with the rules of a mutually agreed-upon arbitration provider, and the decision of the arbitrator(s) shall be final and binding upon the parties and may be entered as a judgment in any court of competent jurisdiction
Each party shall bear its own costs and attorneys' fees in connection with any such arbitration, unless the arbitrator determines otherwise