Common use of General Overview of Agreement Clause in Contracts

General Overview of Agreement. 2.1.1 This Agreement is a public-private partnership agreement setting forth the framework for the conceptual, preliminary and final planning of the Project and Facilities, and for financing, building, operating and maintaining Facilities, through collaborative efforts of TxDOT and Developer. This Agreement does not establish, and shall not be construed as, a legal partnership between TxDOT and Developer. Rather, by “public-private partnership”, the parties intend and acknowledge that a highly cooperative, mutual collaboration will be pursued, under the terms of the Contract Documents, to engage Developer’s innovation, private sector resources, entrepreneurial skills, risk sharing and management capabilities, and technical and financial expertise, and to engage TxDOT’s governmental authority, planning capabilities, risk sharing and management capabilities, and technical and financial expertise, to bring the Project and Facilities to fruition. As such, this Agreement contemplates significant roles and responsibilities for Developer that go beyond the typical work and services provided by engineering and construction firms under contracts routinely let by TxDOT.