Common use of Indemnity by Partnership Clause in Contracts

Indemnity by Partnership. The partnership will indemnify each partner in respect of payments made and personal liabilities reasonably incurred by each partner in the ordinary and proper conduct of the partnership business, or for the preservation of the business or property of the partnership.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

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Indemnity by Partnership. The partnership will indemnify each partner in respect of for payments made and personal liabilities reasonably incurred by each partner in the ordinary and proper conduct of the partnership business, or for the preservation of the its business or property of the partnershipproperty.

Appears in 3 contracts

Samples: General Partnership Agreement, General Partnership Agreement, General Partnership Agreement

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Indemnity by Partnership. The partnership will indemnify each partner Partner in respect of payments made and personal or corporate liabilities reasonably incurred by each partner Partner in the ordinary and proper conduct of the partnership business, or for the preservation of the business or property of the partnership.

Appears in 2 contracts

Samples: Partnership Agreement (Sun Network Group Inc), Partnership Agreement (Sun Network Group Inc)

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