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Participation Agreement Partnership

It is strongly recommended that takers who wish to enter into such an agreement consult a lawyer who, according to experience, has the right to vote collectively under the 1993 Act; LEASE is not responsible for the acts or damages resulting from the use of the example agreement. Meeting deadlines is essential for action. If the company does not meet the deadlines, this may lead to the application being considered withdrawn, resulting in the company being liable for the lessor`s costs. Therefore, the agreement should provide that the members of the company understand that time is essential and that some recourse is provided for unjustified delays on the part of the company. If the lessor requests information relevant to the initial notification under the 1993 Act, the agreement should require the members of the company to make the information available to the company as soon as possible, as soon as reasonably possible, if they receive abrupt indications from the lawyer that this is necessary. (z.B. property data) The agreement provides for the possibility for participating tenants to formally order Enfranchising to comply with the original notice and thus initiate the purchase process. It is important that each participant agrees to continue as the initial notification begins with the owner`s expense. While the above paragraphs will cover the most important points of most participation agreements, there will be other areas specific to the building or circumstances. This notice can only serve as a general guide and informed legal advice should be obtained when developing individual agreements. In the event of termination of this contract by MIT, ERCIM, KEIO and BEIHANG pursuant to Section 2 of this Agreement, the Participant is entitled to receive, as an exclusive and exclusive corrective measure, a refund of a portion of the member`s royalty duly paid and not yet awarded, and any other liability of MIT, ERCIM, KEIO and/or DUE to the participant will be cancelled.

This appeal was filed alongside any other oral or written, explicit or tacit remedies. MIT`s liability to the participant in the case of another member`s claim is limited to the amount of the fee duly paid by the participant. Under no circumstances are MIT, ERCIM, KEIO and/or BEIHANG liable for indirect, accidental, consecutive or special damages, including the loss of earnings suffered by the participant in connection with or as a result of his participation in the Business Group or under this Agreement. Whichever route you choose, the most important thing is that the agreement is in effect before the landlord`s initial notification. As the company is leading the negotiations, the lawyer and the assessor should be mandated to advise the company and take their instructions from the company. The participation agreement should ensure that tenants, if seeking advice on their individual position, will not be able to consult with mandated advisors, therefore avoiding the possibility of a conflict of interest. If tenants wish to seek face-to-face counselling, this should be requested by lawyers or appraisers, regardless of who is mandated by the company. In order to ensure the agreed distribution of costs, it may be considered advantageous to include in the agreement provisions requiring that the change in the will of the members of the company, in the event of death, continue to involve their beneficiaries as personal representatives and to participate in the costs.