Common use of Intention for Company Clause in Contracts

Intention for Company. The Member has formed the Company as a limited liability company under the Act. The Member specifically intends that the Company not be a general or limited partnership or any other joint or cooperative venture. No Member or Officer shall be construed to be a partner in the Company or a partner or other joint venturer of or with any other Member, Officer, or Person.

Intention for Company. The Member has Members have formed the Company as a limited liability company under the Act. The Member Members specifically intends intend and agree that the Company shall not be a general or partnership (including a limited partnership partnership), association or any other joint or cooperative venture, but a limited liability company under and pursuant to the Act. No Member or Officer Manager shall be construed to be a partner or agent in the Company or a partner or other joint venturer of or with any other Member, Officeror person, or Personand the Articles, this Operating Agreement, and the relationships created by and arising from them shall not be construed to suggest otherwise.