Liquidated Damages.
In the event that the surrendering owner breaches any term of this Agreement and renders this Agreement null and void, the surrendering owner and signer agrees to pay to HOP the sum of Two Thousand Five Hundred and No/100ths Dollars ($2,500) as liquidated damages and not as penalty. HOP and surrendering owner / signer expressly agree and acknowledge that HOP’s actual damages in the event of a default by surrendering owner / signer would be extremely difficult or impracticable to ascertain and that the amount of the liquidated damages represents their reasonable estimate of such actual damages.
Attorney’s Fees and Court Costs.
Surrendering owner / signer agrees to pay all reasonable attorney’s fees and all court costs incurred on behalf of HOP in the event any matter arising under this Agreement is forwarded to any attorney for enforcement.