{"component": "clause", "props": {"groups": [{"size": 4, "snippet": "(1) I have received the final Prospectus of Strategic Storage Trust IV, Inc.\n(2) I have (i) a net worth (exclusive of home, home furnishings and automobiles) of $250,000 or more, or (ii) a net worth (as described above) of at least $70,000 and have a minimum of $70,000 gross annual income, or that I meet the higher suitability requirements imposed by my state of primary residence as set forth in the Prospectus under \u201cSUITABILITY STANDARDS.\u201d I will not purchase additional shares unless I meet those suitability requirements at the time of purchase.\n(3) I acknowledge that there is no public market for the shares and, thus, my investment in shares is not liquid.\n(4) I am purchasing the shares for my own account or, if I am purchasing shares on behalf of a trust or other entity of which I am trustee or authorized agent, then I represent that I have due authority to execute the Subscription Agreement/Signature Page and do hereby legally bind the trust or other entity of which I am trustee or authorized agent. PLEASE SEPARATELY INITIAL, ONLY AS APPLICABLE, THE ITEMS BELOW.\n(5) If I am an Alabama resident, I acknowledge that shares will only be sold to residents of the State of Alabama representing that they have a liquid net worth of at least 10 times their investment in this company and its affiliates. If I am an Iowa resident, I acknowledge that Iowa Investors must have either: (a) a minimum liquid net worth of at least $100,000 and a minimum annual gross income of not less than $100,000, or (b) a minimum liquid net worth of at least $350,000. For these purposes, \u201cliquid net worth\u201d is defined as that portion of net worth (total assets exclusive of home, home furnishings, and automobiles, minus total liabilities) that consist of cash, cash equivalents, and readily marketable securities. In addition, an Iowa investor\u2019s aggregate investment in us, shares of our affiliates, and other non exchange traded real estate investment trusts may not exceed 10% of his or her liquid net worth. Accredited investors in Iowa, as defined in 17 C.F.R. \u00a7 230.501, as amended, are not subject to the 10% investment limitation. If I am a Kansas resident, I acknowledge that it is recommended by the office of the Kansas Securities Commissioner that Kansas investors not invest, in the aggregate, more than 10% of their liquid net worth in this and other non-traded REITs. For these purposes, \u201cliquid net worth\u201d shall be defined as that portion of total net worth (total assets minus liabilities) that is comprised of cash, cash equivalents, and readily marketable securities, as determined in conformity with Generally Acceptable Accounting Principles. If I am a Kentucky resident, I acknowledge that my aggregate investment in this company and any affiliate non-publicly traded REITs must not exceed 10% of my liquid net worth. If I am a Maine resident, I acknowledge that the Maine Office of Securities recommends that an investor\u2019s aggregate investment in this offering and similar direct participation investments not exceed 10% of the investor\u2019s liquid net worth. For this purpose, \u201cliquid net worth\u201d is defined as that portion of net worth that consists of cash, cash equivalents, and readily marketable securities. If I am a Massachusetts resident, I acknowledge that no more than 10% of any one Massachusetts investor\u2019s liquid net worth may be invested in us and in other illiquid direct participation programs. For this purpose, \u201cliquid net worth\u201d is that portion of an investor\u2019s net worth (assets minus liabilities) that is comprised of cash, cash equivalents, and readily marketable securities. If I am a Missouri resident, I acknowledge that no more than ten percent (10%) of any one (1) Missouri investor\u2019s liquid net worth shall be invested in any single class of our stock. If I am a Nebraska resident, I acknowledge that, in addition to the suitability standards above, Nebraska investors must limit their aggregate investment in our shares and in other non-publicly traded real estate investment trusts (REITs) to 10% of such investor\u2019s net worth. Accredited investors, as defined in 17 C.F.R. \u00a7 230.501, as amended, are not subject to this limitation. If I am a New Jersey resident, I acknowledge that shares will only be sold to residents of New Jersey who have either (a) a minimum liquid net worth of at least $100,000 and a minimum annual gross income at least $85,000, or (b) a minimum liquid net worth of $350,000. For these purposes, \u201cliquid net worth\u201d is defined as that portion of net worth (total assets exclusive of home, home furnishings, and automobiles, minus total liabilities) that consists of cash, cash equivalents, and readily marketable securities. In addition, a New Jersey investor\u2019s investment in us, our affiliates, and other non-publicly traded direct investment programs (including real estate investment trusts, business development companies, oil and gas programs, equipment leasing programs and commodity pools, but excluding unregistered, federally and state exempt private offerings) may not exceed ten percent (10%) of his or her liquid net worth. If I am a New Mexico resident, I acknowledge that, in addition to the suitability standards above, the State of New Mexico requires that each investor in that state limit his or her investment in us, our affiliates, and other non-traded real estate investment trusts to not more than 10% of their liquid net worth. For these purposes, \u201cliquid net worth\u201d is defined as that portion of net worth which consists of cash, cash equivalents, and readily marketable securities. If I am a North Dakota resident, I acknowledge that shares will only be sold to residents of the State of North Dakota representing that they have a net worth of at least 10 times their investment in this company and that they meet one of this company\u2019s suitability standards. If I am an Ohio resident, I acknowledge that it shall be unsuitable for an Ohio investor\u2019s aggregate investment in shares of us, our affiliates, and in other non-traded real estate investment trusts to exceed ten percent (10%) of his, her, or its liquid net worth. \u201cLiquid net worth\u201d shall be defined as that portion of net worth (total assets exclusive of primary residence, home furnishings, and automobiles minus total liabilities) that is comprised of cash, cash equivalents, and readily marketable securities. If I am an Oregon resident, I acknowledge that shares will only be sold to residents of the State of Oregon representing that they have a liquid net worth of at least 10 times their investment in this company and its affiliates and that they meet one of this company\u2019s suitability standards. If I am a Pennsylvania resident, I acknowledge that my investment in this company must be no more than 10% of my net worth (exclusive of home, furnishings, and automobiles). If I am a Tennessee resident, I acknowledge that my investment in this company must not exceed 10% of my liquid net worth (exclusive of home, home furnishings and automobiles). If I am a Vermont resident, I acknowledge that accredited investors in Vermont, as defined in 17 C.F.R. \u00a7 230.501, as amended, may invest freely in this offering. I also acknowledge that, in addition to the suitability standards described above, non-accredited Vermont investors may not purchase an amount in this offering that exceeds 10% of the investor\u2019s liquid net worth. 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A faculty member\u2019s home department will render all decisions, including, but not limited to, tenure, promotion, merit, salary, voting rights, as well as other normal faculty responsibilities for that faculty member. In the case of tenure and promotion, recommendations from faculty colleagues and the chair/director of the secondary department or unit will be provided to the home department in advance of the home department making its recommendation to its chair. These recommendations will become part of the faculty member\u2019s adjunctive file, and will be considered by the home department in making its tenure and promotion recommendations (see Articles 17.\u00a76.4 and 18.\u00a76.4).", "snippet_links": [{"key": "joint-appointments", "type": "definition", "offset": [0, 18]}, {"key": "primary-appointment", "type": "clause", "offset": [69, 88]}, {"key": "home-department", "type": "definition", "offset": [94, 109]}, {"key": "department-or-unit", "type": "definition", "offset": [149, 167]}, {"key": "not-limited", "type": "clause", "offset": [246, 257]}, {"key": "voting-rights", "type": "clause", "offset": [296, 309]}, {"key": "faculty-responsibilities", "type": "clause", "offset": [335, 359]}, {"key": "in-the-case", "type": "clause", "offset": [385, 396]}, {"key": "tenure-and-promotion", "type": "clause", "offset": [400, 420]}, {"key": "the-chair", "type": "clause", "offset": [466, 475]}, {"key": "director-of", "type": "clause", "offset": [476, 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The Board and the Association will maintain an electronic master copy available on the Board\u2019s and Association\u2019s websites.", "snippet_links": [{"key": "the-board-and-the", "type": "clause", "offset": [3, 20]}, {"key": "information-and-documents", "type": "clause", "offset": [48, 73]}, {"key": "the-association-and-the", "type": "clause", "offset": [172, 195]}, {"key": "decision-making", "type": "clause", "offset": [230, 245]}, {"key": "mutual-goal", "type": "clause", "offset": [275, 286]}, {"key": "shared-decision", "type": "clause", "offset": [394, 409]}, {"key": "school-system", "type": "definition", "offset": [428, 441]}, {"key": "with-association-representation", "type": "clause", "offset": [442, 473]}, {"key": "valid-and-binding", "type": "clause", "offset": [571, 588]}, {"key": "conditions-for-the", "type": "clause", "offset": [651, 669]}, {"key": "duration-of-the-agreement", "type": "definition", "offset": [670, 695]}, {"key": "new-employee", "type": "clause", "offset": [735, 747]}, {"key": "copy-of-this-agreement", "type": "clause", "offset": [755, 777]}, {"key": "the-association-will", "type": "clause", "offset": [793, 813]}, {"key": "an-electronic", "type": "clause", "offset": [823, 836]}, {"key": "master-copy", "type": "definition", "offset": [837, 848]}, {"key": "on-the-board", "type": "definition", "offset": [859, 871]}], "samples": [{"hash": "8rgqLNSgOmH", "uri": "/contracts/8rgqLNSgOmH#joint", "label": "Collective Bargaining Agreement", "score": 23.2532520294, "published": true}, {"hash": "4c6B4BBoUOd", "uri": "/contracts/4c6B4BBoUOd#joint", "label": "Collective Bargaining Agreement", "score": 22.8056125641, "published": true}, {"hash": "lNYjPiNJJzG", "uri": "/contracts/lNYjPiNJJzG#joint", "label": "Collective Bargaining Agreement", "score": 22.2854213715, "published": true}], "hash": "083ad333ba4f3814a82669accb981dbc", "id": 6}, {"size": 3, "snippet": "IM and Elpida shall jointly possess all right, title, and interest, including Intellectual Property Rights, in any CDP Developed Technology that is not determined in ownership through the application of Section 3.3.1 or 3.", "snippet_links": [{"key": "and-interest", "type": "clause", "offset": [54, 66]}, {"key": "intellectual-property-rights", "type": "definition", "offset": [78, 106]}, {"key": "developed-technology", "type": "definition", "offset": [119, 139]}, {"key": "not-determined", "type": "definition", "offset": [148, 162]}, {"key": "section-331", "type": "clause", "offset": [203, 216]}], "samples": [{"hash": "cAv2KTtlF2J", "uri": "/contracts/cAv2KTtlF2J#joint", "label": "Advanced Memory Development Program Agreement (Intermolecular Inc)", "score": 22.8480491638, "published": true}, {"hash": "IPQzsiYstE", "uri": "/contracts/IPQzsiYstE#joint", "label": "Advanced Memory Development Program Agreement (Intermolecular Inc)", "score": 22.7440109253, "published": true}, {"hash": "jz5GpPr4vAJ", "uri": "/contracts/jz5GpPr4vAJ#joint", "label": "Advanced Memory Development Program Agreement (Intermolecular Inc)", "score": 22.5715255737, "published": true}], "hash": "c7076310bcc9b6b7df575dac3185d5f0", "id": 8}, {"size": 3, "snippet": "The Parties shall jointly own any invention that is created by employees of Strakan (or of its Affiliates, subcontractors, distributors or sublicensees) jointly or severally together with employees of Aptalis (or of its Affiliates, subcontractors, distributors or sublicensees) as a result of their carrying out any of their respective obligations under this Agreement (\u201cJoint Inventions\u201d). Except as expressly provided in this Agreement and subject to Section 10.3 and the next succeeding sentence, neither Party shall exploit any Joint Invention without the prior written approval of the other Party, it being understood that such approval may be conditioned on agreement after good faith negotiations. Aptalis shall have the exclusive (even as to Strakan), irrevocable, worldwide, sublicensable right, without any accounting to Strakan as to any profits or other returns derived therefrom, to make, use and sell any Joint Invention in order to research, Develop, Commercialize and Manufacture the Product in the Territory. Strakan shall have an exclusive (even as to Aptalis), royalty-free, irrevocable, sublicensable right, without any accounting to Aptalis as to any profits or other returns derived therefrom, to make, use and sell any Joint Invention in order to research, Develop, Commercialize and Manufacture the Product (i) outside the Territory and (ii) in the Territory, provided, however, that the right that is the subject of this clause (ii) shall not be effective with regard to the Product in the Territory until after the Term except that Strakan shall be entitled to make or have made the Product in the Territory solely for the purpose of supplying its customers or those of its licensees outside the Territory.", "snippet_links": [{"key": "the-parties-shall", "type": "clause", "offset": [0, 17]}, {"key": "jointly-own", "type": "definition", "offset": [18, 29]}, {"key": "employees-of", "type": "clause", "offset": [63, 75]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [336, 368]}, {"key": "joint-inventions", "type": "definition", "offset": [371, 387]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [391, 419]}, {"key": "in-this-agreement", "type": "definition", "offset": [420, 437]}, {"key": "section-103", "type": "clause", "offset": [453, 465]}, {"key": "neither-party-shall", "type": "clause", "offset": [500, 519]}, {"key": "approval-of", "type": "clause", "offset": [574, 585]}, {"key": "other-party", "type": "definition", "offset": [590, 601]}, {"key": "be-conditioned", "type": "clause", "offset": [646, 660]}, {"key": "good-faith-negotiations", "type": "definition", "offset": [680, 703]}, {"key": "other-returns", "type": "definition", "offset": [860, 873]}, {"key": "in-order-to", "type": "clause", "offset": [935, 946]}, {"key": "the-product", "type": "clause", "offset": [996, 1007]}, {"key": "in-the-territory", "type": "clause", "offset": [1008, 1024]}, {"key": "outside-the-territory", "type": "clause", "offset": [1335, 1356]}, {"key": "the-right", "type": "clause", "offset": [1408, 1417]}, {"key": "subject-of", "type": "clause", "offset": [1430, 1440]}, {"key": "this-clause", "type": "clause", "offset": [1441, 1452]}, {"key": "with-regard-to", "type": "clause", "offset": [1481, 1495]}, {"key": "after-the-term", "type": "clause", "offset": [1531, 1545]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1641, 1659]}], "samples": [{"hash": "kW52oL9HxEi", "uri": "/contracts/kW52oL9HxEi#joint", "label": "Commercialization and License Agreement (Aptalis Pharma Inc)", "score": 23.3189601898, "published": true}, {"hash": "lJ2jX87fPrL", "uri": "/contracts/lJ2jX87fPrL#joint", "label": "Commercialization and License Agreement (Aptalis Pharma Inc)", "score": 23.1081447601, "published": true}], "hash": "59b7bfd7bf75947d958c009803e89b7a", "id": 9}, {"size": 3, "snippet": "Subject to any rights or licenses expressly granted by one Party to the other Party under this Agreement, as between the Parties, the Parties will jointly own, on an equal and undivided basis, all rights, title, and interest in and to any and all: (i) Arising Know-How that is conceived, discovered, developed, or otherwise made by or on behalf of one or more Personnel of Arrowhead (or any of its Affiliates, (sub)licensees, or Subcontractors), on the one hand, and one or more Personnel of Sarepta (or any of its Affiliates, Sublicensees, or Subcontractors), on the other hand, but excluding any Arising Delivery Ligand Know-How (the \u201cJoint Arising Know-How\u201d), and (ii) Arising Patent Rights that Cover solely any Joint Arising Know-How set forth in the foregoing clause (i) (the \u201cJoint Arising Patent Rights\u201d) (collectively the Joint Arising Know-How and the Joint Arising Patent Rights, the \u201cJoint Arising Technology\u201d). Subject to the rights or licenses granted to the other Party under this Agreement, each Party will be entitled to practice, license, assign, and otherwise practice under the Joint Arising Technology without the duty of accounting or seeking consent from the other Party, and where consent is required, such consent is hereby given. Each Party, for itself and on behalf of its Affiliates, hereby assigns and agrees to assign, to the other Party an equal and undivided joint ownership interest in and to all Joint Arising Technology, to be held in accordance with this Section 12.1.2(c) (Joint).", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [44, 54]}, {"key": "one-party", "type": "definition", "offset": [55, 64]}, {"key": "other-party", "type": "definition", "offset": [72, 83]}, {"key": "this-agreement", "type": "clause", "offset": [90, 104]}, {"key": "between-the-parties", "type": "clause", "offset": [109, 128]}, {"key": "the-parties-will", "type": "clause", "offset": [130, 146]}, {"key": "jointly-own", "type": "definition", "offset": [147, 158]}, {"key": "all-rights", "type": "clause", "offset": [193, 203]}, {"key": "and-interest", "type": "clause", "offset": [212, 224]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [329, 347]}, {"key": "the-other-hand", "type": "clause", "offset": [564, 578]}, {"key": "but-excluding", "type": "clause", "offset": [580, 593]}, {"key": "the-foregoing", "type": "definition", "offset": [752, 765]}, {"key": "joint-arising-patent-rights", "type": "definition", "offset": [783, 810]}, {"key": "the-joint", "type": "definition", "offset": [827, 836]}, {"key": "joint-arising-technology", "type": "definition", "offset": [896, 920]}, {"key": "the-rights", "type": "clause", "offset": [935, 945]}, {"key": "granted-to", "type": "definition", "offset": [958, 968]}, {"key": "each-party-will", "type": "clause", "offset": [1007, 1022]}, {"key": "to-practice", "type": "clause", "offset": [1035, 1046]}, {"key": "duty-of", "type": "clause", "offset": [1135, 1142]}, {"key": "seeking-consent", "type": "clause", "offset": [1157, 1172]}, {"key": "consent-is-hereby-given", "type": "definition", "offset": [1231, 1254]}, {"key": "agrees-to", "type": "clause", "offset": [1331, 1340]}, {"key": "ownership-interest", "type": "clause", "offset": [1397, 1415]}, {"key": "in-accordance-with", "type": "definition", "offset": [1467, 1485]}], "samples": [{"hash": "hb0zFtAAE3Q", "uri": "/contracts/hb0zFtAAE3Q#joint", "label": "Exclusive License and Collaboration Agreement (Arrowhead Pharmaceuticals, Inc.)", "score": 36.1101989746, "published": true}, {"hash": "1YL8HfAjZ3j", "uri": "/contracts/1YL8HfAjZ3j#joint", "label": "Exclusive License and Collaboration Agreement (Sarepta Therapeutics, Inc.)", "score": 34.1594810486, "published": true}], "hash": "c18b772fa8e5cc0cd3155d40c19c720a", "id": 10}], "next_curs": "Ck4SSGoVc35sYXdpbnNpZGVyY29udHJhY3RzcioLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig5qb2ludCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Joint", "size": 153, "parents": [["types-of-appointment", "TYPES OF APPOINTMENT"], ["partnerships", "Partnerships"], ["closing", "Closing"], ["arbitration-fees", "Arbitration Fees"], ["insurance", "Insurance"]], "children": [["method-of-prorations", "Method of Prorations"], ["prorations", "Prorations"], ["closing-costs", "Closing Costs"], ["authorization-enforceability", "Authorization; Enforceability"], ["no-violations", "No Violations"]], "id": "joint", "related": [["joint-venture", "Joint Venture", "<strong>Joint</strong> Venture"], ["joint-venture-consortium-or-association", "Joint Venture, Consortium or Association", "<strong>Joint</strong> Venture, Consortium or Association"], ["joint-venture-agreement", "Joint Venture Agreement", "<strong>Joint</strong> Venture Agreement"], ["consortium", "Consortium", "Consortium"], ["not-a-joint-venture", "Not a Joint Venture", "Not a <strong>Joint</strong> Venture"]], "related_snippets": [], "updated": "2025-12-01T05:26:40+00:00", "also_ask": ["What are the strategic advantages and disadvantages of joint versus several liability in this context?", "Which essential elements must be included to ensure the joint obligation is enforceable?", "What are the most common pitfalls or ambiguities in drafting joint clauses?", "How do courts typically interpret and enforce joint obligations in similar agreements?", "How does this joint clause compare to industry standards or statutory defaults?"], "drafting_tip": "Specify the parties' joint obligations to clarify responsibilities, define liability apportionment to prevent disputes, and outline decision-making processes to ensure efficient collaboration.", "explanation": "A \"Joint\" clause establishes that two or more parties share responsibility or obligations together under an agreement. In practice, this means that each party is equally liable for fulfilling the terms of the contract, and if one party fails to perform, the others may be required to cover the shortfall. This clause is commonly used in contracts involving partnerships or co-ventures, ensuring that all parties are collectively accountable. Its core function is to allocate risk and responsibility evenly among the involved parties, preventing any single party from avoiding their contractual duties."}, "json": true, "cursor": ""}}