10. Default
Either party may terminate this AGREEMENT for failure of the other party to meet any material terms of this AGREEMENT. In the case of a default by one party, the other party shall have the right to recover legal fees and expenses, if any, incurred as a result of said default. Any payment due STABLE under this AGREEMENT shall be due immediately in the event of termination. Failure to make any payment by said due date shall place OWNER in default hereunder. Acceptance by STABLE of any late payment shall not constitute a waiver of subsequent due dates or determinations of default.
11. Assignment
OWNER may not assign this AGREEMENT without the express written consent of STABLE.
12. Notice of Termination
OWNER agrees that thirty(30) days notice shall be given to STABLE as to the termination of this AGREEMENT. STABLE has the right to terminate this agreement with thirty(30) days notice to OWNER and/or immediately with no notice required upon any material breach of this contract.
13. Right of Lien
OWNER is put on notice that STABLE has and may assert and exercise a right of lien, as provided for by the laws of the State of NEW JERSEY for any amount due for the board and keep of horse (s), and also for any storage or other charges due hereunder, and further agrees STABLE shall have the right, without process of law, to attach a lien to your horse (s) after two (2) months of non-payment or partial payment and STABLE can then sell horse(s) to recover its loss.
14. Mediation/Arbitration by Equine Dispute Resolution Service
In the event of any dispute or disagreement relating in any manner whatsoever to this AGREEMENT the parties agree and consent to engage in mediation in a good faith effort to resolve the dispute amicably before either party resorts to court action. Mediation shall be conducted by and according to the rules of the Equine Dispute Resolution Service (EDRS) and shall be commenced within 45 days of such disagreement or the request of either party to mediation. In the event that the parties are unable to successful resolve said dispute through said mediation, then, in that event, the parties agree to submit the dispute to binding arbitration by and according to the rules of Equine Dispute Resolution Service (EDRS), within 30 days of any declaration of impasse by EDRS. THIS AGREEMENT IS SUBJECT TO THE LAWS OF THE State of New Jersey.