Relationship of Manager to Owner. The relationship of the parties to this agreement shall be that of principal and agent, with Manager serving as the agent of Owner and an independent contractor of Owner. Nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship other than agency. Manager shall not be considered an employee of Owner.
Relationship of Manager to Owner. 8 TABLE OF CONTENTS Page i
Relationship of Manager to Owner. The relationship of the parties to this Agreement shall be that of Owner and Manager (Independent Contractor), and all duties to be performed by Manager under this Agreement shall be for and on behalf of Owner, in Owner’s name, and for Owner’s account. In taking any action under this Agreement, Manager shall be acting only as Manager for Owner, and nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement, except that of Principal and Manager, or as requiring Manager to bear any portion of losses arising out of or connected with the ownership or operation of the Property. ( ) (_ ) please initial indicating you understand and agree to section 12
Relationship of Manager to Owner. The relationship of the parties to this Agreement shall be that of Principal and Agent, and all duties to be performed by Agent under this Agreement shall be for and on behalf of Owner, in Owner’s name, and for Owner’s account. In taking any action under this Agreement, Agent shall be acting only as Agent for Owner, and nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement except that of Principal and Agent, or as requiring Agent to bear any portion of losses arising out of or connected with the ownership or operation of the Premises. Nor shall Agent at any time during the period of this Agreement be considered a direct employee of Owner. Neither party shall have the power to bind or obligate the other except as expressly set forth in this Agreement, except that Agent is authorized to act with such additional authority and power as may be necessary to carry out the spirit and intent of this Agreement.
Relationship of Manager to Owner. 10.1 Manager is engaged independently in the business of property management and acts hereunder as an independent contractor. Nothing contained in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement, or as requiring Manager to bear any portion of losses, or share in any of the profits, arising out of or connected with the ownership or operation of the Project. Manager shall not, at any time during the term of this Agreement, be considered to be a direct or indirect employee of Owner. In performing its services hereunder, Manager shall use the same level and skill and care as is used by other reputable, experienced third party property managers who manage similar properties in the West End submarket of the District of Columbia. Except as expressly provided in this Agreement, Owner agrees to assume all financial risks of operating the Project, including any claims made against Manager while acting as Owner’s Agent within the scope of its authority as provided herein, except to the extent that such claims result from the negligence or misconduct or willful acts or omissions of Manager, in which case such claims shall be the sole responsibility of Manager. Owner agrees to hold Manager harmless for any and all claims arising prior to Manager’s management of the Project. Except as provided herein, neither party shall have the power to bind or obligate the other party. Except as specifically set forth in this Agreement, Manager shall not act as the agent of Owner; and, except as provided in this Agreement, Owner shall not act as the principal of Manager.
Relationship of Manager to Owner
