Business Intent. The Companies are investing in this JV solely for furthering their respective businesses and not with a view to or for sale in connection with any distribution of all or any part of the JV Interest. No other person will have any direct or indirect beneficial interest in or right to the JV unless mutually agreed by both Parties.
Appears in 3 contracts
Samples: Joint Venture Operating Agreement (New Colombia Resources Inc), Joint Venture Operating Agreement (X-Change Corp), Joint Venture Operating Agreement (Cannabis Science, Inc.)
Business Intent. The Companies Parties are investing in this JV solely for furthering their respective businesses and not with a view to or for sale in connection with any distribution of all or any part of the JV Interest. No other person will have any direct or indirect beneficial interest in or right to the JV unless mutually agreed by both Parties.
Appears in 1 contract
Samples: Joint Venture Operating Agreement (Cannabis Science, Inc.)
Business Intent. The Companies are investing in this JV solely for furthering their respective businesses and development and exploitation of new intellectual property from the JV and not with a view to or for sale in connection with any distribution of all or any part of the JV Interestor the assets of the JV. No other person company will have any direct or indirect beneficial interest in or right to the JV unless consistent with Paragraph E or Section 3.11, such as a wholly-owned subsidiary, or as mutually agreed in writing by both Parties.
Appears in 1 contract
