A. Indemnification by Contractor
i. The Contractor agrees to indemnify, defend, and hold harmless Sage Referral Partners, LLC (the “Company”), its officers, directors, employees, agents, affiliates, successors, and assigns (collectively, the “Indemnified Parties”) from and against any and all claims, demands, actions, liabilities, losses, damages, judgments, settlements, fines, penalties, costs, and expenses (including reasonable attorneys’ fees and court costs) (collectively, “Losses”), whether direct, indirect, or consequential, arising out of or related to:
ii. Contractor Activities: Any act, omission, negligence, gross negligence, or willful misconduct of the Contractor, including but not limited to those related to referrals, communications, or interactions with clients, real estate professionals, or third parties.
iii. Breach of Law or Regulation: Any failure by the Contractor to comply with applicable federal, state, or local laws, rules, regulations, or licensing requirements, including but not limited to the Oklahoma Real Estate License Code and Rules, the Fair Housing Act, the Real Estate Settlement Procedures Act, and all other laws governing real estate practices.
iv. Complaints or Investigations: Any complaint, investigation, audit, hearing, or enforcement action initiated by the Oklahoma Real Estate Commission (OREC) or any other regulatory body as a result of the Contractor’s activities, including any resulting fines, penalties, sanctions, or costs of compliance.
v. Representations to Third Parties: Any representation, statement, or promise made by the Contractor to any third party, regardless of whether such representation, statement, or promise was authorized by the Company.
vi. Referral Activities: Any referral made by the Contractor to a third party, including but not limited to actions or omissions of the receiving party.
vii.Tax Obligations: Any taxes, penalties, or fees owed by the Contractor to any governmental authority in connection with compensation received under this Agreement.
B. Defense Obligations
i. Contractor’s Duty to Defend: The Contractor shall, upon the Company’s written request, promptly assume the defense of any claim, investigation, or action brought against any Indemnified Party with legal counsel reasonably acceptable to the Company.
ii. Failure to Defend: If the Contractor fails to assume or diligently conduct the defense within five (5) business days of the Company’s request, the Company may assume the defense of such claim, investigation, or action and charge all costs and expenses incurred to the Contractor, including attorneys’ fees and costs.
iii. OREC Matters: For any complaint, investigation, or enforcement action by OREC arising from the Contractor’s actions, the Contractor shall be solely responsible for preparing responses, attending hearings, and paying any associated fines, penalties, or costs. The Contractor shall reimburse the Company for any expenses incurred in connection with such matters, including but not limited to legal fees and administrative costs.
C. No Settlement Without Consent. The Contractor shall not settle or compromise any claim, investigation, or proceeding for which indemnity is provided under this Agreement without the prior written consent of the Company. Consent shall not be unreasonably withheld if the settlement:
i. Fully releases the Indemnified Parties without imposing any liability, obligation, or admission of wrongdoing on their part; and
ii. Does not impose injunctive relief or other equitable remedies against the Company.
D. Limitation of Liability of the Company. Under no circumstances shall the Company be liable to the Contractor for any indirect, incidental, consequential, special, or punitive damages, including but not limited to loss of profits, loss of business, or loss of data, arising out of or related to this Agreement or any complaint, investigation, or enforcement action by OREC or any other regulatory body, regardless of whether the Company was advised of the possibility of such damages.
E. Survival of Obligations. The obligations of this Section shall survive the termination or expiration of this Agreement, regardless of the reason for termination, and shall continue in full force and effect as to any claims, complaints, investigations, or fines arising from acts or omissions occurring during the term of this Agreement.