Formation of Venture. The Venturers hereby enter into and form the Venture as a joint venture for the limited purposes and scope set forth herein. The rights and obligations of the Venturers and the status, administration and termination of the Venture shall be governed by the laws of the State of Georgia. The Venture is being formed for the sole purpose of acquiring, owning, developing, operating and eventually selling the Properties.
Appears in 3 contracts
Samples: Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Agreement (Wells Real Estate Investment Trust Inc)
Formation of Venture. The Venturers hereby enter into and form -------------------- the Venture as a joint venture for the limited purposes and scope set forth herein. The rights and obligations of the Venturers and the status, administration and termination of the Venture shall be governed by the laws of the State of Georgia. The Venture is being formed for the sole purpose of acquiring, owning, developing, operating and eventually selling the Properties.
Appears in 1 contract
Samples: Joint Venture Agreement (Wells Real Estate Fund Xi L P)
