Loss of Title. Any failure or loss of title to the Assets or the Property, and all costs of recovering or defending title, shall be charged to the Joint Account but if caused or allowed to occur by negligence by a party then such costs shall be paid by such party or otherwise recovered from such party.
Appears in 2 contracts
Sources: Joint Venture Agreement (Siga Resources Inc.), Joint Venture Agreement (Siga Resources Inc.)
Loss of Title. Any failure fa▇▇▇▇▇ or loss of title to the Assets or the Property, and all costs of recovering or defending title, shall be charged to the Joint Account but if caused or allowed to occur by negligence by a party then such costs shall be paid by such party or otherwise recovered from such party.
Appears in 1 contract
Sources: Joint Venture Agreement (Southern Energy Company, Inc.)