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12. WAIVER <br />A failure by either Parry to exercise its rights under this Agreement shall not preclude that Parry <br />from subsequent exercise of such rights and shall not constitute a waiver of any other rights <br />under this Agreement unless stated to be such in a writing signed by an authorized representative <br />of the Parry and attached to the original Agreement. <br />13. SEVERABILITY <br />If any provision of this Agreement or any provision of any document incorporated by reference <br />shall be held invalid, such invalidity shall not affect the other provisions of this Agreement <br />which can be given effect without the invalid provision, if such remainder conforms to the <br />requirements of applicable law and the fundamental purpose of this Agreement, and to this end <br />the provisions of this Agreement are declared to be severable. <br />14. CHANGES AND MODIFICATIONS <br />This Agreement may be changed, modified, or amended only by written agreement executed by <br />authorized representatives of both Parties. <br />15. REPRESENTATION ON AUTHORITY OF SIGNATORIES <br />The signatories to this Agreement represent that they have the authority to bind their respective <br />organizations to this Agreement. <br />16. ALL TERMS AND CONDITIONS <br />This Agreement contains all the terms and conditions agreed upon by the Parties. No other <br />understandings, oral or otherwise, regarding the subject matter of this Agreement shall be <br />deemed to exist or to bind any of the Parties hereto. <br />17. CONTRACT MANAGEMENT <br />The contact persons for the management of this Agreement (the "Contract Managers") are <br />identified and their contact information is provided herein and may be updated by either Parry <br />for their agency only and shall be submitted in writing or electronic mail to the other Parry. Any <br />update to the Contract Managers' information shall state the effective date of said update. <br />`1s] <br />