Section 6.3 Governing Law. This Agreement and the obligation of the Partners hereunder shall be interpreted,
construed and enforced in accordance with the laws of the State of Washington.
Section 6.4 Entire Agreement. This Agreement contains the entire agreement between the parties hereto relative to the formation, operation, termination and dissolution of the Joint Venture. No variations, modifications, or changes herein or hereof shall be binding upon either party hereto unless set forth in a writing signed by the parties hereto.
Section 6.5 Waiver. No consent or waiver, express or implied, by any Partner to or of any breach or default by the other in the performance by the other of his obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other party of the same or any other obligations of such Partner hereunder.
Section 6.6 Other Interests. Each Partner may deal with the Joint Venture, may have other business interests, may engage in any other business or trade, profession or employment whatsoever, and may own, sell, and deal in real estate and other properties for his own account, either separately or in combination with others and shall not be required to devote his entire time to the business of the Joint Venture.
Section 6.7 Partition. Each Partner irrevocably waives any and all right he may have to maintain any action for partition as to his undivided interest in the Joint Venture property or the Property, or to compel any sale of the Joint Venture property or the Property under any law or laws now existing or hereinafter enacted.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
X: __________________________________________
By _______________________________________
Its _________________________________
Y: __________________________________________
By _______________________________________
Its _________________________________
EXHIBITS:
A -Note
B -Deed of Trust
[ACKNOWLEDGMENTS]
Section 6.3 Governing Law. This Agreement and the obligation of the Partners hereunder shall be interpreted,
construed and enforced in accordance with the laws of the State of Washington.
Section 6.4 Entire Agreement. This Agreement contains the entire agreement between the parties hereto relative to the formation, operation, termination and dissolution of the Joint Venture. No variations, modifications, or changes herein or hereof shall be binding upon either party hereto unless set forth in a writing signed by the parties hereto.
Section 6.5 Waiver. No consent or waiver, express or implied, by any Partner to or of any breach or default by the other in the performance by the other of his obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other party of the same or any other obligations of such Partner hereunder.
Section 6.6 Other Interests. Each Partner may deal with the Joint Venture, may have other business interests, may engage in any other business or trade, profession or employment whatsoever, and may own, sell, and deal in real estate and other properties for his own account, either separately or in combination with others and shall not be required to devote his entire time to the business of the Joint Venture.
Section 6.7 Partition. Each Partner irrevocably waives any and all right he may have to maintain any action for partition as to his undivided interest in the Joint Venture property or the Property, or to compel any sale of the Joint Venture property or the Property under any law or laws now existing or hereinafter enacted.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
X: __________________________________________
By _______________________________________
Its _________________________________
Y: __________________________________________
By _______________________________________
Its _________________________________
EXHIBITS:
A -Note
B -Deed of Trust
[ACKNOWLEDGMENTS]
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