The entire joint venture contract is governed by the laws of the state [JointVenture.State]. By signing the partnership agreement electronically, the signatory understands that he or she is committing his or her organization to partner with the ENERGY STAR program, recognizes the commitments made by CEPOL to its partners and agrees to comply with all the conditions and obligations of this ACCORD. 1. The owners will build the building on the land in question in accordance with the plans, drawings, specifications and surveys, as established by the architect attached here and identified as Annex A, with the material of the highest quality and in the most essential and similar way to the worker and the satisfaction of the architect. 8. If the above work is completed in the manner provided for by the above provision, the architect must notify the owners in writing of the removal of their surplus materials and installations and, if the owners do not do so within seven days, the owner may sell it by public auction and credit the owners with the net amount realized. The architect must then establish and certify in writing what (if anything) should be paid for by or by the owner, for the value of the work and the materials thus borne by the owner and the costs or losses that the owner would have incurred when the work was acquired to be completed, the amount, if any, which goes to the owners and the amount that will be certified is then paid by the owner or by the owner, and the certification of the architect must be final and conclusive between the parties. (9) Owners are required to appoint an engineer who occasionally receives, on behalf of the owners, instructions from the architect, and all instructions given by the architect are considered to be the owners. The two parties and their authorized representatives meet to carry out operations related to [JointVenture.Name].
Both parties agree on all decisions, obligations or obligations related to the joint venture. In the event that the two parties fail to reach any mutual agreement, a mutually acceptable third party will act as an arbitrator to resolve these disputes and reach a mutually acceptable conclusion. Signed and delivered by M/s ABC Builders and Contractors, the owner, of its partners 12. This contract is executed in two copies, the original is kept by the owner and the duplicate by the owners. 7. If the contractors abandon the contract or do not start work or suspend the progress of the work for 14 days without a legal excuse under these conditions, or do not continue the work with due diligence and do not make the necessary progress, to complete the work within the agreed time frame or not to remove materials from the site or works for seven days after receiving the architect`s written notification, that the materials or works mentioned were defective and rejected or stubbornly neglected by the aforementioned architect to respect and carry out all the necessary acts, materials or objects in this contract that must be respected and executed by the owner for seven days after written notification. , and the architect certifies this effect to its owner, then, and in each of the cases cited, the owner may, after seven days of notification by the aforementioned architect, terminate in writing the license for the benefit of the owners and to the extent that it is the completion of the remaining works, but without affecting the powers of the architect, or the obligations and commitments of the owners, all of whom remain in force, as if this agreement had not been established.