Co-Venturers May Do Business with the Joint Venture Agreement Sample Clauses

Co-Venturers May Do Business with the Joint Venture Agreement. This provision would cover a situation whereby JV1 may own a property management company to take care of the tasks of the Operations Manager Each Co-Venturer shall give notice in advance to the other Co-Venturers of their interest, or the interest of any affiliates, family members or other non arms’ length parties, in any other business or undertaking ("Related Supplier"), which proposes to enter into any business transaction with the Joint Venture Agreement. Each Co-Venturer understands that the conduct of the business of the Joint Venture Agreement may involve business dealings with Related Suppliers. The Co-Venturers may engage or possess any interest in any Related Supplier including, but not limited to, the ownership, financing, leasing, operation, management, syndication, brokerage or development of the Property or the Joint Venture Agreement and the other Co-Venturer shall not have any right by virtue of the herein agreement in and to such Related Supplier or the income or profits derived therefrom.
Sample 1
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Related to Co-Venturers May Do Business with the Joint Venture Agreement

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