Common use of Mutual Understanding Clause in Contracts

Mutual Understanding. Owner and CM@Risk agree that these provisions set forth their mutual understanding and agreement regarding the Agreement, General Conditions or subjects addressed therein. 1.3.1 It is understood and agreed that Owner has hired a Design Professional to design the Project. 1.3.2 CM@Risk understands and agrees that the design for the Project may not be complete at a) the time the GMP is agreed to, and b) at the time of execution of the Agreement. 1.3.3 CM@Risk commits to cooperate and interact with and advise the Design Professional in producing a completed design for the Project that is acceptable to the Owner, all as more fully described in the Contract Documents. 1.3.4 When the Design Documents are complete and requisite approvals obtained and they are accepted by the Owner, they shall be incorporated in and become part of the Contract Documents as though they were included at the time of execution of the Agreement.

Mutual Understanding. Owner and CM@Risk agree that these provisions set forth their mutual understanding and agreement regarding the Agreement, General Conditions or subjects addressed therein. 1.3.1 It is understood and agreed that Owner has hired a Design Professional to design the Project. 1.3.2 CM@Risk understands and agrees that the design for the Project may not be complete at a) the time the GMP is agreed to, and b) at the time of execution of the Agreement. 1.3.3 CM@Risk commits to cooperate and interact with and advise the Design Professional in producing a completed design for the Project that is acceptable to the Owner, all as more fully described in the Contract Documents. 1.3.4 When the Design Documents are complete and requisite approvals obtained and they are then accepted by the Owner, they shall be incorporated in and become part of the Contract Documents as though they were included specifically set forth herein at the time of execution of the Agreement.