Contracts with Related Parties. After the date hereof and except as otherwise provided in Section 3.02, neither Property Manager nor any Venturer may contract with or employ on behalf of the Venture any person or entity which is an Affiliate of any Venturer in connection with the performance of any duties or providing any goods or services to the Venture specified in this Agreement unless Approved by the Venturers (or pursuant to an Annual Budget Approved by the Venturers provided such Annual Budget identifies such Affiliate).
Appears in 2 contracts
Sources: Joint Venture Agreement (Cornerstone Properties Inc), Joint Venture Agreement (Cornerstone Properties Inc)