Relationship of Advisor and Company. The Company and the Advisor do not intend to form a joint venture, partnership or similar relationship. Instead, the parties intend that Advisor shall act solely in the capacity of an independent contractor for the Company. Nothing in this Agreement shall cause Advisor and the Company to be joint venturers or partners of each other and neither shall have the power to bind or obligate the other party by virtue of this Agreement, except as expressly provided in this Agreement.
Appears in 4 contracts
Samples: Advisory Agreement (Shearson American REIT, Inc.), Advisory Agreement (New School Properties, Inc.), Advisory Agreement (New School Properties, Inc.)
Relationship of Advisor and Company. The Company and the Advisor do not intend to form a joint venture, partnership or similar relationship. Instead, the parties intend that Advisor shall act solely in the capacity of an independent contractor for the Company. Nothing in this Agreement shall cause Advisor and the Company to be joint venturers or partners of each other other, and neither shall have the power to bind or obligate the other party by virtue of this Agreement, except as expressly provided in this Agreement.
Appears in 2 contracts
Samples: Advisory Agreement (Medical Hospitality Group, Inc.), Advisory Agreement (Medical Hospitality Group, Inc.)
Relationship of Advisor and Company. The Company and the Advisor do not intend to form a joint ventureIn performance of its duties under this Agreement, partnership or similar relationship. Instead, the parties intend that Advisor shall act solely in the capacity of be an independent contractor for the and not an employee of Company. Nothing Further, Company and Advisor are not partners or joint venturers with each other, and nothing in this Agreement shall cause Advisor and the Company be construed to be make them such partners or joint venturers or partners otherwise to impose any liability as such on either of each other and neither shall have the power to bind or obligate the other party by virtue of this Agreement, except as expressly provided in this Agreementthem.
Appears in 1 contract
Samples: Advisory Agreement (Wells Mid-Horizon Value-Added Fund I LLC)
Relationship of Advisor and Company. The Company and the Advisor do not intend to form a joint venture, partnership or similar relationship. Instead, the parties intend that Advisor shall act solely in the capacity of an independent contractor for the Company. Nothing in this Agreement shall cause the Advisor and the Company to be joint venturers venture or other partners of each other other, and neither shall have the power to bind or obligate the other party by virtue of this Agreement, except as expressly provided in this Agreement.
Appears in 1 contract
