Common use of Limits of Partnership Clause in Contracts

Limits of Partnership. The relationship between the Partners --------------------- shall be limited to the performance of matters stated in this Agreement. Nothing in this Agreement shall be construed to create a partnership for other matters between the Partners, nor to authorize any Partner to act as general agent for the other Partners, nor to permit any Partner to bid for or undertake any other contract for the other Partners, nor to borrow money on behalf of or to use the credit of the other Partners for any purposes. Should any Partner commit acts relating to the Partnership beyond the scope of this Agreement which cause liability to be imposed on the other Partner, the Partner committing such acts shall indemnify the other Partner against any lost profits, damages, losses, claims, costs, attorneys' fees and other expenses incurred by reason of such acts.

Limits of Partnership. The relationship between the Partners --------------------- shall be limited to the performance of matters stated in this Agreement. Nothing in this Agreement shall be construed to create a partnership for other matters between the Partners, nor to authorize any Partner to act as general agent for the other PartnersPartner, nor to permit any Partner to bid for or undertake any other contract for the other PartnersPartner, nor to borrow money on behalf of or to use the credit of the other Partners Partner for any purposes. Should any Partner commit acts relating to the Partnership beyond the scope of this Agreement which cause liability to be imposed on the other Partner, the Partner committing such acts shall indemnify the other Partner against any lost profits, damages, losses, claims, costs, attorneys' fees and other expenses incurred by reason of such acts.