Common use of Partners' Authority Clause in Contracts

Partners' Authority. Except as otherwise provided in this Agreement, no Partner acting alone shall have any authority to act for, or to assume any obligations or responsibilities on behalf of, the other Partner or the Partnership. Each Partner will indemnity the Partnership and the other Partner against any claim, loss or damage to the Partnership or such other Partner which may result from the Partner's breach of this Section (f).

Appears in 3 contracts

Samples: Master Services Agreement, Joint Venture Agreement, Joint Venture Agreement

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Partners' Authority. Except as otherwise provided in this Agreement, no Partner acting alone shall have any authority to act for, or to assume any obligations or responsibilities on behalf of, the other Partner or the Partnership. Each Partner will indemnity indemnify the Partnership and the other Partner against any claim, loss or damage to the Partnership or such other Partner which may result from the Partner's breach of this Section (f).

Appears in 1 contract

Samples: Joint Venture Agreement (Successories Inc)

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Partners' Authority. Except as otherwise provided in this Agreement, no Partner acting alone shall have any authority to act for, or to assume any obligations or responsibilities on behalf of, the other Partner or the Partnership. Each Partner will indemnity indemnify the Partnership and the other Partner against any claim, loss or damage to the Partnership or such other Partner which may result from the Partner's breach of this Section (f).

Appears in 1 contract

Samples: Venture Agreement (MaryJane Group, Inc.)

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