Each party recognize the rights of the other party to the assets that they have brought into the joint business transactions and in all cases other than in the operation of the joint business transactions and under the terms and conditions of the joint business transactions and in accordance with the terms of the agreements governing such transactions. All said assets are herein acknowledged, confirmed, accepted and endorsed by each party without equivocation, reservation, qualification or conditions, to be the other party’s valuable, irreplaceable, tangible, financial and business assets.