Relationship of Manager to Owner Clause Samples

The 'Relationship of Manager to Owner' clause defines the legal and operational connection between the manager and the property owner, typically clarifying that the manager acts as an agent on behalf of the owner. This clause outlines the manager’s authority to make decisions, enter into contracts, or handle funds for the owner, and may specify limitations on the manager’s powers. Its core function is to establish clear boundaries and expectations, ensuring both parties understand their roles and responsibilities, and to prevent misunderstandings or disputes regarding the manager’s scope of authority.
Relationship of Manager to Owner. The relationship of the parties to this agreement shall be that of principal and agent, with Manager serving as the agent of Owner and an independent contractor of Owner. Nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship other than agency. Manager shall not be considered an employee of Owner.
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Relationship of Manager to Owner. 8 TABLE OF CONTENTS Page i
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Relationship of Manager to Owner. The relationship of the parties to this Agreement shall be that of Principal and Agent, and all duties to be performed by Agent under this Agreement shall be for and on behalf of Owner, in Owner’s name, and for Owner’s account. In taking any action under this Agreement, Agent shall be acting only as Agent for Owner, and nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement except that of Principal and Agent, or as requiring Agent to bear any portion of losses arising out of or connected with the ownership or operation of the Premises. Nor shall Agent at any time during the period of this Agreement be considered a direct employee of Owner. Neither party shall have the power to bind or obligate the other except as expressly set forth in this Agreement, except that Agent is authorized to act with such additional authority and power as may be necessary to carry out the spirit and intent of this Agreement.
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Relationship of Manager to Owner. 8 TABLE OF CONTENTS Page i Section 5.1 Monthly Management Fee............................ 8 Section 5.2 Reimbursable Expenses............................. 8 Section 5.3 Payments.......................................... 8 Section 5.4 Major Repairs or Remodeling....................... 9 Section 5.5 On-Site Computer Systems.......................... 9 Section 5.6 Manager's Affiliates and Subsidiaries..........
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Relationship of Manager to Owner. The relationship of the parties to this Agreement shall be that of Owner and Manager (Independent Contractor), and all duties to be performed by Manager under this Agreement shall be for and on behalf of Owner, in Owner’s name, and for Owner’s account. In taking any action under this Agreement, Manager shall be acting only as Manager for Owner, and nothing in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement, except that of Principal and Manager, or as requiring Manager to bear any portion of losses arising out of or connected with the ownership or operation of the Property. ( ) (_ ) please initial indicating you understand and agree to section 12
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Relationship of Manager to Owner. 10.1 Manager is engaged independently in the business of property management and acts hereunder as an independent contractor. Nothing contained in this Agreement shall be construed as creating a partnership, joint venture, or any other relationship between the parties to this Agreement, or as requiring Manager to bear any portion of losses, or share in any of the profits, arising out of or connected with the ownership or operation of the Project. Manager shall not, at any time during the term of this Agreement, be considered to be a direct or indirect employee of Owner. In performing its services hereunder, Manager shall use the same level and skill and care as is used by other reputable, experienced third party property managers who manage similar properties in the West End submarket of the District of Columbia. Except as expressly provided in this Agreement, Owner agrees to assume all financial risks of operating the Project, including any claims made against Manager while acting as Owner’s Agent within the scope of its authority as provided herein, except to the extent that such claims result from the negligence or misconduct or willful acts or omissions of Manager, in which case such claims shall be the sole responsibility of Manager. Owner agrees to hold Manager harmless for any and all claims arising prior to Manager’s management of the Project. Except as provided herein, neither party shall have the power to bind or obligate the other party. Except as specifically set forth in this Agreement, Manager shall not act as the agent of Owner; and, except as provided in this Agreement, Owner shall not act as the principal of Manager.
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Relationship of Manager to Owner 
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Related to Relationship of Manager to Owner

  • Relationship of the Parties Nothing contained in this Agreement shall be construed to make one Party an agent of the other Party nor shall either party have any authority to bind the other in any respect, unless expressly authorized by the other party in writing. The Parties are independent contractors and nothing in this Agreement creates a relationship of employment, trust, agency or partnership between them.

  • Relationship of Advisor and Company The Company and the Advisor are not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them.

  • Relationship of Parties Nothing in this Agreement shall be deemed or construed by the parties or any third party as creating the relationship of principal and agent, partnership or joint venture between the parties, it being understood and agreed that no provision contained herein, and no act of the parties, shall be deemed to create any relationship between the parties other than the relationship set forth herein.

  • RELATIONSHIP OF THE PARTIES/INDEPENDENT CONTRACTOR 31.1 Each Party is an independent contractor, and has and hereby retains the right to exercise full control of and supervision over its own performance of its obligations under this Agreement and retains full control over the employment, direction, compensation and discharge of its employees assisting in the performance of such obligations. Each Party and each Party’s contractor(s) shall be solely responsible for all matters relating to payment of such employees, including the withholding or payment of all applicable federal, state and local income taxes, social security taxes and other payroll taxes with respect to its employees, as well as any taxes, contributions or other obligations imposed by applicable state unemployment or workers’ compensation acts and all other regulations governing such matters. Each Party has sole authority and responsibility to hire, fire and otherwise control its employees. 31.2 Nothing contained herein shall constitute the Parties as joint venturers, partners, employees or agents of one another, and neither Party shall have the right or power to bind or obligate the other. Nothing herein will be construed as making either Party responsible or liable for the obligations and undertakings of the other Party. Except for provisions herein expressly authorizing a Party to act for another, nothing in this Agreement shall constitute a Party as a legal representative or agent of the other Party, nor shall a Party have the right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name or on behalf of the other Party unless otherwise expressly permitted by such other Party. Except as otherwise expressly provided in this Agreement, no Party undertakes to perform any obligation of the other Party, whether regulatory or contractual, or to assume any responsibility for the management of the other Party’s business.

  • Use of Manager’s Name The Corporation or Fund may use the name “▇. ▇▇▇▇ Price Retirement Funds, Inc.” and “▇. ▇▇▇▇ Price Retirement 2065 Fund” or any other name derived from the name “▇. ▇▇▇▇ Price” only for so long as this Agreement or any extension, renewal, or amendment hereof remains in effect, including any similar agreement with any organization which shall have succeeded to the business of the Manager as investment manager. At such time as this Agreement or any extension, renewal or amendment hereof, or such other similar agreement shall no longer be in effect, the Corporation or Fund will (by corporate action, if necessary) cease to use any name derived from the name “▇. ▇▇▇▇ Price,” any name similar thereto or any other name indicating that it is advised by or otherwise connected with the Manager, or with any organization which shall have succeeded to the Manager’s business as investment manager.