Waiver of Rights to Partition Sample Clauses

A Waiver of Rights to Partition clause prevents co-owners of a property from seeking to divide or force the sale of the property through legal partition actions. In practice, this means that if multiple parties jointly own real estate, none of them can unilaterally demand that the property be split up or sold to realize their share. This clause is commonly used in joint ownership agreements to maintain the integrity of the property and avoid disputes that could lead to forced sales. Its core function is to promote stability and cooperation among co-owners by eliminating the risk of involuntary division or sale of the shared asset.
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Waiver of Rights to Partition. If permitted by the laws of the state or states in which the property covered hereby is located, each party hereto owning an undivided interest in the Contract Area waives any and all rights it may have to partition and have set aside to it in severalty its undivided interest therein.
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Waiver of Rights to Partition. Each Member irrevocably waives any right that he or she may have to maintain any action for partition with respect to property contributed to or acquired by the Company.
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Waiver of Rights to Partition. The Shareholders hereby waive and release all rights of partition, or of sale in lieu thereof, or other division of Assets, including a full waiver of any such rights provided by Law or in equity.
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Waiver of Rights to Partition. Inasmuch as all real and personal property owned by the Partnership is owned by the Partnership as an entity, and no party hereto, individually, has any ownership in such property, none of the parties hereto shall have any right to partition any of the Partnership Property, and all parties hereto hereby irrevocably waive any and all rights that any party hereto might have to maintain any action for partition of any of the Partnership Property with respect to their undivided interest, if any, therein, either as a partition in kind or a partition by sale.
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Waiver of Rights to Partition. If permitted by the laws of the state of Nevada, each Party owning an undivided interest in the Contract Area waives any and all rights it may have to partition and have set aside to it in severalty its undivided interest therein.
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Waiver of Rights to Partition. Inasmuch as all Property is owned by the Company as an entity, and no Member, individually, has any ownership in such Property, during the term of the Company none of the parties hereto shall have any right to partition any of the Property, and all parties hereto hereby irrevocably waive any and all rights that any Member might have to maintain any action for partition of any of the Property, either as a partition in kind or a partition by sale, except with respect to partition of Property upon dissolution and liquidation of the Company.
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Waiver of Rights to Partition. Each Partner irrevocably waives any right that it may have to maintain any action for partition with respect to property contributed to or acquired by the Partnership.
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Waiver of Rights to Partition. If permitted by the law of the state or states in which the property covered hereby is located, each party hereto owning an undivided interest in the Contract Area waives any and all rights it may have to partition and have set aside to it in severalty its undivided interest therein.
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Waiver of Rights to Partition. Each Venturer hereby irrevocably waives during the term of the Joint Venture any right that it may have to maintain any action for partition with respect to any Joint Venture property.
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Related to Waiver of Rights to Partition

  • Waiver of Right to Partition The Partners, by execution of this Agreement, waive their respective rights to partition of the Partnership Property.

  • Waiver of Rights No right conferred on either party under this Contract shall be deemed waived, and no breach of this Contract excused, unless such waiver is in writing and signed by the party claimed to have waived such right. Neither the State’s review, approval or acceptance of, nor payment for, the services required under this Contract shall be construed to operate as a waiver of any rights under this Contract or of any cause of action arising out of the performance of this Contract, and the Contractor shall be and remain liable to the State in accordance with applicable law for all damages to the State caused by the Contractor’s negligent performance of any of the services furnished under this Contract.

  • Nonwaiver of Rights No waiver of default by either party of any of the terms, covenants, and conditions hereof to be performed, kept, and observed by the other party shall be construed as, or shall operate as, a waiver of any subsequent default of any of the terms, covenants, or conditions herein contained, to be performed, kept, and observed by the other party.

  • Non-Waiver of Rights The omission by either party at any time to enforce any default or right reserved to it, or to require performance of any of the terms, covenants, or provisions hereof by the other party at the time designated, shall not be a waiver of any such default or right to which the party is entitled, nor shall it in any way affect the right of the party to enforce such provisions thereafter.

  • No Waiver of Rights A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.