The Principle of Partnership Sample Clauses

The Principle of Partnership. In New Zealand Maori Council v Attorney-General (1987), the Court of Appeal found that the Tiriti/Treaty signified a partnership between the Crown and Māori, which required each party to act reasonably and with the utmost good faith towards the other 1 Expanding on the duty of good faith, the Waitangi Tribunal in the Xxxxxx Hospital and Health Services Report stated that this duty established ‘the general character of the relationship’ between Māori and the Crown 2 In the Te Whanau o Waipareira Report, the Tribunal explained that ‘the gift of kawanatanga was in exchange for protection and the guarantee of rangatiratanga in all its forms’ 3 The report acknowledged that ‘Partnership serves to describe a relationship where one party is not subordinate to the other but where each must respect the other’s status and authority in all walks of life ’4 Furthermore, the Tiriti/ Treaty partnership should be founded on ‘reasonableness, mutual cooperation and trust’ 5 Implicit in the Tiriti/Treaty partnership, then, was the notion of reciprocity and the acknowledgement that neither kāwanatanga nor tino rangatiratanga was unqualified or absolute 1. New Zealand Maori Council v Attorney–General [1987] 1 NZLR 641 (CA), p 667 2. Waitangi Tribunal, The Xxxxxx Hospital and Health Services Report (Wellington: Legislation Direct, 2001), p 66
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The Principle of Partnership. In our Stage One Report on the Trans-Pacific Partnership Agreement (2016), we noted that: For both claimants and the Crown, the starting point is the principle of reci- procity. This is the Treaty’s ‘essential compact’ – the recognition of the Crown’s right of kāwanatanga (the right to govern) in exchange for the guarantee of tino rangatira- tanga (the right of full chieftainship, also known as autonomy, or self-government).36 The principle of partnership flows from this essential compact, requiring the partners to act reasonably and in good faith towards each other. In so doing, the Crown has a duty to engage with Māori on matters of importance to them. As the Central North Island Tribunal found, what is reasonable ‘depends on the nature of the resource or taonga, and the likely effects of the policy, action, or legislation’.37 In our Stage Two Report on the Crown’s Review of the Plant Variety Rights Regime (2020) we noted that, in addition to reciprocity, the principle of partnership con- tains ‘the acknowledgement that neither kāwanatanga nor tino rangatiratanga was unqualified or absolute’. We went on to say: The premise that a successful partnership involves the need for compromise and requires multiple interests to be balanced – kāwanatanga with tino rangatiratanga, the national interest with Māori interests, the Crown’s right to govern with its duty to pro- tect – has been explored repeatedly in Tribunal reports.38 In Ko Aotearoa Tēnei (Wai 262), the Tribunal found partnership to be ‘an over- arching principle beneath which others, such as kāwanatanga and tino rangatira- tanga, lie’.39 Further, it found: This emphasis on partnership makes New Zealand unique among the post-colonial nations . . . other countries, by contrast, emphasise the power of the state and the relative powerlessness of their indigenous peoples by placing state fiduciary or trust obligations at the centre of domestic indigenous rights law. New Zealand, by contrast,

Related to The Principle of Partnership

  • Formation of Partnership The Managing GP, the Liquidation GP and the Limited Partner agreed to and formed a limited partnership pursuant to the laws of the Province of Ontario on October 5, 2007. The parties hereto have agreed to confirm their agreements relating to the Partnership on the terms and conditions set out in this Agreement. The Partnership will be effective as a limited partnership from October 5, 2007, the date on which the Declaration was filed in accordance with the LP Act, and the Partnership will file any documents necessary as a result of the amendments reflected in this Agreement.

  • Negation of Partnership Landlord shall not become or be deemed a partner or a joint venturer with Tenant by reason of the provisions of this Lease.

  • Purpose of Partnership The exclusive purpose of the Partnership shall be (i) to own and operate those certain restaurants known as Outback Steakhouse® at those addresses listed on Exhibit A, and such additional restaurants, if any, as may be approved by the Company in its sole discretion and as may hereafter be established by the Partnership (individually, the “Restaurant,” or collectively, the “Restaurants”), utilizing the System and the Proprietary Marks owned by or licensed to the Company and (ii) to engage in any other lawful act, business or activity for which limited partnerships may be formed under the Act and engage in any and all activities necessary, advisable, convenient or incidental thereto. The Limited Partners acknowledge and agree that as between the parties hereto, the Company is the sole and exclusive owner of the System and the Proprietary Marks and neither the Limited Partners nor the Partnership have any right, title, or interest in or to the System or the Proprietary Marks, except as specifically provided in Section 4.5 hereof. Nothing contained herein shall be construed as granting the Partnership or any Partner any exclusive or protected trading area. Nothing contained herein shall be construed as obligating the Company to open additional restaurants on behalf of the Partnership or to authorize the Partnership to open additional Restaurants. Nothing contained herein shall be construed as limiting the Company’s, or its Affiliates’, right to open, or license others to open, Outback Steakhouse® restaurants at any location, and neither the Partnership nor any Limited Partner shall have any interest in such restaurants.

  • Name of Partnership The name of the Partnership shall be Xxxxxxx Investment Partnership, L.P. or such other name as the General Partner may from time to time designate.

  • Termination of Partnership The Partnership shall terminate when all assets of the Partnership, after payment of or due provision for all Liabilities of the Partnership, shall have been distributed to the Partners in the manner provided for in this Agreement, and the Certificate shall have been canceled in the manner provided by the Act.

  • Term of Partnership The term of the Partnership commenced on May 21, 2001 and shall continue until dissolved pursuant to Section 8.1 hereof. The legal existence of the Partnership as a separate legal entity continues until the cancellation of the Certificate.

  • Management of Partnership (Check One) ☐ - Partnership: The business and affairs of the Company shall be conducted and managed by the Partners in accordance with this Agreement and the laws of the State of Nebraska. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Partnership and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Partners holding a majority of the percentage interest of the Partnership. Notwithstanding any other provision of this Agreement, the Partners shall not, without the prior written consent of the unanimous vote or consent of the Partners, sell, exchange, lease, assign or otherwise transfer all or substantially all of the assets of the Partnership; sell, exchange, lease (other than space leases in the ordinary course of business), assign or transfer the Partnership’s assets; mortgage, pledge or encumber the Partnership’s assets other than is expressly authorized by this Agreement; prepay, refinance, modify, extend or consolidate any existing mortgages or encumbrances; borrow money on behalf of the Partnership in the excess of $ .00; lend any Partnership funds or other assets to any person in an amount or with a value in excess of $ .00; establish any reserves for working capital repairs, replacements, improvements or any other purpose, in excess of an aggregate of$ .00; confess a judgment against the partnership; settle, compromise or release, discharge or pay any claim, demand or debt in excess of $ .00, including claims for insurance; approve a merger or consolidation of the Partnership with or into any other limited liability company, corporation, partnership or other entity; or change the nature or character of the business of the Partnership. ☐ - Limited Partnership: Except as otherwise set forth herein, the General Partner shall have control of the Partnership and exercise ordinary business judgment in managing the Partnership. The General Partner shall have the power and authority including, but not limited to the following: a. Borrow money from third parties to finance the Partnership’s activities on terms the General Partner deems appropriate; b. Hire, employ and retain services of personnel to facilitate the purposes of the Partnership; c. Acquire real and personal property upon terms and conditions deemed by the General Partner to be beneficial to the partnership d. Take any and all other action which is lawful and customary and reasonable as related to the conduct of the Partnership and its purposes. The General Partner shall not be liable to the Limited Partners for any mistake of fact or judgment or investment loss unless such mistake of fact or judgment or loss of investment was the result of fraud, deceit or gross negligence on the part of the General Partner. Notwithstanding the foregoing, the Limited Partners must approve by a majority vote of their percentage interests the following actions of the Partnership: a. Veto the General Partner’s Capital Call; b. Admission of either an additional Limited Partner of General Partner; c. Amendment of this Agreement; d. Consent to dissolution; e. Election of a new General Partner. ☐ - Limited Liability Partnership: Except as otherwise set forth herein, the Managing Partner shall have control of the Partnership and exercise ordinary business judgment in managing the Partnership. The Managing Partner shall have the power and authority including, but not limited to the following:

  • Dissolution of Partnership 53 Section 15.2 Return of Capital Contribution upon Dissolution......

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Continuation of Partnership The Partners hereby continue the Partnership as a limited partnership pursuant to the provisions of the Act and upon the terms and conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

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