Joint Venture Manager Sample Clauses
The Joint Venture Manager clause designates a specific party or entity to act as the manager responsible for overseeing the operations and administration of the joint venture. This clause typically outlines the manager's authority, duties, and decision-making powers, such as handling day-to-day management, representing the joint venture in dealings with third parties, and ensuring compliance with agreed business plans. By clearly defining the role and responsibilities of the manager, the clause helps prevent disputes over control and ensures efficient and coordinated management of the joint venture's activities.
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Joint Venture Manager. U.S. Canadian is hereby appointed Manager or Venture Manager of the Joint Venture and shall be responsible for the internal operation of the venture. Any direct cost incurred shall be paid out of Joint Venture funds.
Joint Venture Manager. The position of manager of the joint venture or the LLC will be held by the Optionee.
Joint Venture Manager. Annual Programs and Budgets................................ 11 6.5
Joint Venture Manager. The Joint Venture Manager shall have the sole and exclusive right and power to manage and control the affairs of and to operate the Joint Venture, to do all things necessary to carry on the business of the Joint Venture for the purposes described in Section 1.4 and to conduct the activities of the Joint Venture as set forth in Section 5. No financial institution or any other person, firm, or corporation dealing with the Joint Venture Manager shall be required to ascertain whether the Joint Venture Manager is acting in accordance with this Agreement, but such financial institution or such other person, firm, or corporation shall be protected in relying solely upon the deed, transfer, or assurance of, and the execution of such instrument or instruments by, the Joint Venture Manager. The Joint Venture Manager shall devote so much of its time to the business of the Joint Venture as in its judgment the conduct of the Joint Venture's business shall reasonably require and shall not be obligated to do or perform any act or thing in connection with the business of the Joint Venture not expressly set forth herein. The Joint Venture Manager may engage in business ventures of any nature and description independently or with others and neither the Joint Venture nor any of the Joint Venturers shall have any rights in and to such independent ventures or the income or profits derived therefrom.