Inspection Agreement

THIS CONTRACT LIMITS THE LIABILITY OF THE HOME INSPECTION COMPANY.

PLEASE READ CAREFULLY BEFORE SIGNING.

This contract is an agreement by and between CLIENT, and RED BIRD PROPERTY INSPECTION, to perform an Inspection of the property, and is subject to the LIMITATIONS AND CONDITIONS set out in this Agreement.

1. The inspection report is based on a visual examination of the readily accessible features of the property as a generalist. RED BIRD PROPERTY INSPECTION will prepare a written report of the apparent conditions of the readily accessible installed systems and components of the property existing at the time of the inspection. CLIENT assumes all risk for problems noted in this inspection report that may reveal further damage during a repair or further investigation by a qualified professional. By signing below CLIENT accepts these terms and conditions. Areas that are inaccessible are not part of this inspection including but not limited to: behind walls, furniture, under rugs, inaccessible areas and below soil. Latent and concealed defects and deficiencies are excluded from the inspection. RED BIRD PROPERTY INSPECTION is limited by this agreement and cannot be expected to find or discover all defects in this property. The purpose and scope of this inspection is to provide CLIENT with a better understanding of the property's condition as observed at the time of the home inspection. Detached structures are not inspected unless agreed upon by both CLIENT and RED BIRD PROPERTY INSPECTION prior to the start of the inspection for an additional fee. The inspection report is an "opinion" of RED BIRD PROPERTY INSPECTION. RED BIRD PROPERTY INSPECTION's interpretation of what is good, fair, satisfactory, etc. may be different from the CLIENT. CLIENT is encouraged to be present at the time of the inspection so both parties will have an understanding of each other's perception.

2. The Inspection of the property shall be performed by RED BIRD PROPERTY INSPECTION, in accordance with the Arkansas Standards of Practice including the limitations, exceptions and exclusions as set out in the standards of practice. A copy of the Standards of Practice can be obtained from RED BIRD PROPERTY INSPECTION at any time upon request. These standards of practice inform you of what a Home Inspector should report and what is NOT expected of the Home Inspector to report.

3. The written inspection report to be prepared by RED BIRD PROPERTY INSPECTION shall be considered the final exclusive findings of RED BIRD PROPERTY INSPECTION of the inspected property. CLIENT understands and agrees they will not rely on any oral statements made by RED BIRD PROPERTY INSPECTION prior to the issuance of the written inspection report for a period of time that shall not exceed forty-eight (48) hours after the inspection report has first been delivered to CLIENT. CLIENT understands and agrees that any claim arising out of or related to any act or omission of RED BIRD PROPERTY INSPECTION in connection with the inspection of the property, as limited herein, shall be made in writing and reported to RED BIRD PROPERTY INSPECTION within ten (10) business days of discovery. CLIENT further agrees to allow RED BIRD PROPERTY INSPECTION to re-inspect the claimed discrepancy, with the exception of emergency conditions, before CLIENT or CLIENT's agents, employees or independent contractor repairs, replaces, alters, or modifies the claimed discrepancy. CLIENT understands and agrees that any failure to notify RED BIRD PROPERTY INSPECTION as stated above shall constitute a waiver of any and all claims CLIENT may have against RED BIRD PROPERTY INSPECTION.

4. CLIENT understands that the inspection and inspection report do not constitute a guarantee or warranty of merchantability or fitness for a particular purpose, expressed or implied, or insurance policy, nor is it a substitute for real estate transfer disclosures that may be required by law.

5. The inspection and inspection report do not address and are not intended to address code and regulation compliance. Systems, items, and conditions which are not within the scope of this inspection include, but are not limited to: the possible presence of or danger from asbestos, radon gas, lead paint, urea formaldehyde, toxic or flammable material, environmental hazards, pest infestation (including termites and other wood destroying organisms), soil contamination and other indoor and outdoor substances. The CLIENT is urged to contact a competent specialist if information, identification, or testing of the above is desired.

6. The inspection will not include an appraisal of the value, termite inspection, or a survey. The written report is not a compliance inspection or certification for past or present governmental codes or regulations of any kind.

7. It is understood and agreed by and between CLIENT that RED BIRD PROPERTY INSPECTION is not an insurer, that the payment for the subject inspection is based solely on the value of the service provided by RED BIRD PROPERTY INSPECTION in performance of a limited visual inspection of the general condition of the properties. systems, and components and production of a written inspection report, that because of the limited nature of this inspection the inspection cannot be expected to uncover all defects or deficiencies within the property and that it is impracticable and extremely difficult to fix the actual damages, if any, which may result from a failure to perform such services. Thus, CLIENT and RED BIRD PROPERTY INSPECTION agree that in the event that RED BIRD PROPERTY INSPECTION breaches its obligation or duty to perform such service and CLIENT is thereby damaged, then the liability of RED BIRD PROPERTY INSPECTION (including its officers, agents, and employees) shall be limited to a sum equal to the amount of the fee paid by the CLIENT for inspection and inspection report and this liability shall be exclusive. CLIENT understands and agrees that if they are not present at the time of the inspection and therefore do not sign this agreement before inspection that this agreement will form a part of the inspection report. Acceptance of the inspection report by CLIENT and payment for services to RED BIRD PROPERTY INSPECTION will constitute as acceptance of the terms and conditions of this Agreement.

8. CLIENT agrees to indemnify, hold harmless, and reimburse RED BIRD PROPERTY INSPECTION for any and all claims by any party based on the visual inspection report from any third party or buyer, with the exception of the liquidated damages provision contained herein for CLIENT. CLIENT agrees to defend and reimburse attorney's fees for any action filed by any third party or buyer, or CLIENT for any legal action taken based on the rejection or unavailability of the liquidated damages clause herein. The CLIENT agrees that, to the extent allowed by law, any damages or breach of this contact or inspection report are limited to the amount of the inspection fee only. Furthermore, the CLIENT agrees to pay all attorney fees should the CLIENT pursue a civil action against RED BIRD PROPERTY INSPECTION, and fail to prevail.

9. If RED BIRD PROPERTY INSPECTION, or our employees, inspectors, or any other person you claim to be our agent, are careless or negligent in making the inspection and or preparing the inspection report, our liability to you is limited to the fee paid for the inspection services, and you release us from any additional liability. There will be no recover for secondary or consequential damages by any person.

10. Any dispute, controversy, interpretation or claim including claims for, but not limited to, breach of contract, any form of negligence, fraud or misrepresentation arising out of, from, or related to, this contract or arising out of, from or related to the inspection or inspection report shall be submitted to final and binding arbitration under the rules of the state. The decision of the Arbitrator appointed there under shall be final and binding judgement on the Award that may be entered in any Court of competent jurisdiction.

11. The inspection report is not intended for third party dissemination. This inspection report shall not be forwarded to any other person, company, or legal entity without RED BIRD PROPERTY INSPECTION's express written approval. RED BIRD PROPERTY INSPECTION copyrights the inspection report, which is protected by copyright law.

12. CLIENT or REPRESENTATIVE OF CLIENT, by signing this agreement, states that they are within legal authority and represent the household for which the inspection of property is being completed.

13. This contract represents the entire agreement between CLIENT and RED BIRD PROPERTY INSPECTION. No oral agreements understandings or representations shall change, modify or amend any part of this agreement. No change or modification shall be enforceable against any party unless such changes or modification is in writing and signed by both CLIENT and RED BIRD PROPERTY INSPECTION. This Agreement shall be binding upon and inure to the CLIENT's hereto and their spouses, heirs, executors, administrators, successors, assigns and representatives of any kind whatsoever.

14. Payment is due at the time of inspection or before. The written inspection report will not be released until payment is received. The CLIENT agrees to pay all legal and time expenses incurred in collecting due payments.

The CLIENT, by signing this agreement, states that they have fully read and understand the contract into which is entered and acknowledges receipt of a copy of this agreement. RED BIRD PROPERTY INSPECTION must receive a signed copy of this agreement from the CLIENT before any inspection findings, either verbal or written, can be released to the CLIENT.