ARTICLE 1.
GENERAL PROVISIONS
Section 1.1 Purposes and Scope of Joint Venture.
1.1.1 Except as otherwise expressly provided for herein, the rights and obligations of the Partners and the administration and termination of the Joint Venture shall be governed by the Washington Uniform Partnership Act. A Partner's interest in the Joint Venture shall be personal property for all purposes.
1.1.2 The Joint Venture business and affairs shall be limited strictly to the development and sale of the Property, and shall not be extended by implication or otherwise except by the written agreement of the Partners.
Section 1.2 Name of Joint Venture. The business and affairs of the Joint Venture shall be conducted solely and at all times under the name of "New Construction Project National Road No 5."
Section 1.3 Assumed Name Certificate. The Partners shall execute a certificate of Firm Name as required by the laws of the State of Washington and shall cause such certificate to be filed with the Department of Licensing of the State of Washington.
Section 1.4 Scope of Partner's Authority. Except as otherwise expressly and specifically provided in this Agreement, neither Partner shall have any authority to act for, or to assume any obligations or responsibility on behalf of, the other Partner or the Joint Venture.
Section 1.5 Principal Place of Business. The principal office and place of business of the Joint Venture shall be maintained at the office of Thai Golden Carts Manufacturing Co.,Ltd or such other place or places as shall from time to time be designated by the Partners.
Section 1.6 Term. The Joint Venture shall commence upon the date of this Agreement and shall continue or until terminated as provided herein, whichever first occurs.