Common use of Independent Ventures Clause in Contracts

Independent Ventures. Any Partner and any affiliate of any Partner may engage in or possess interests current or future in other business ventures of every nature and description, independently or with others, and whether such ventures compete with the Project or not, including, without limitation, the ownership, financing, leasing, operation, management, syndication, brokerage and development of real property; and neither the Partnership nor any Partner will have any rights by virtue of this Agreement or the existence of this Partnership in or to such independent ventures or to the income or profits derived therefrom.

Independent Ventures. Any Partner and any affiliate of any Partner may engage in or possess interests current or future in other business ventures of every nature and description, independently or with others, and whether such ventures compete with the Project business of the Partnership or not, including, without limitation, the ownership, financing, leasing, operation, management, syndication, brokerage and development of real property; and neither the Partnership nor any Partner will have any rights by virtue of this Agreement or the existence of this Partnership in or to such independent ventures or to the income or profits derived therefromherefrom.