North Dakota Clauses Relating to Venture Interests
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How to fill out Clauses Relating To Venture Interests?
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Rules for joint ventures Pay no more than 85% of the amount paid by the government to non-similarly situated firms for construction contracts. Pay no more than 75% of the amount paid by the government to non-similarly situated firms for special trade contracts.
A contribution and indemnity agreement between the creditworthy principals or affiliates of the members in a real estate joint venture JV. It sets out the contribution obligations of each party if one or more parties must make a payment under any guaranties delivered to a mortgage lender secured by the JV's property.
The Company and the Manager are not partners or joint venturers with each other and nothing in this Agreement shall be construed to make the Company and the Manager partners or joint venturers or impose any liability as such on either of them.
By Practical Law Commercial. A boilerplate no partnership or agency clause that seeks to ensure that parties to a commercial agreement will not be treated as partners or agents of each other, nor as entering into a joint venture arrangement with each other.
Joint ventures can be complicated arrangements. While they offer strong advantages to businesses, they can be fraught with risk ? from a lack of transparency and trust to culture clashes than can be a drain on resources and harm operations for both parent companies.
Exit clauses are mechanisms that allow the parties to protect their interests when one of the reasons to exit a JV arises. If drafted correctly, they can provide a party with an elegant and equitable solution to exit a JV by disposing its shares or to take full control of it by acquiring the shares of the other party.
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. Each of the participants in a JV is responsible for profits, losses, and costs associated with it.
However, a joint venture differs from a general partnership since it is related to a single transaction, while a partnership usually is related to a general and continuing business. Also a joint venture is usually of a shorter duration and the agreement may be less complex.