Waiver of Right to Decree of Dissolution Sample Clauses
The Waiver of Right to Decree of Dissolution clause serves to relinquish a party's legal right to seek a formal court order dissolving a partnership, marriage, or other legal relationship. In practice, this means that the parties agree not to pursue judicial intervention to end their relationship and may instead rely on alternative methods such as private agreements or settlements. This clause is primarily used to streamline the dissolution process, reduce litigation, and encourage resolution outside of court, thereby saving time and resources for all involved parties.
Waiver of Right to Decree of Dissolution. The parties hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide what the parties have determined is fair and just payment in liquidation of the interest of all Partners. Accordingly, each party hereby waives and renounces any rights to a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.
Waiver of Right to Decree of Dissolution. The panics hereby agree that irreparable damage would be done to the goodwill and reputation of the Partnership if any Partner should bring an action in court to dissolve the Partnership. Care has been taken in this Agreement to provide a fair and just payment in liquidation of the interest of all Partners. Accordingly, each party hereby waives and renounces his right to such a court decree of dissolution or to seek the appointment by the court of a liquidator for the Partnership.
Waiver of Right to Decree of Dissolution. ARTICLE 13: Legal Title To Partnership Property ARTICLE 14: Amendments