Common use of No Breach of Duty Clause in Contracts

No Breach of Duty. The Partners agree that the activities as set forth in Section 10.1 shall not constitute a conflict of interest or breach of fiduciary duty to the Partnership and each Partner individually and the Partners collectively consent to such activities. The Partners further agree that neither the Managing Partner nor any other Partner will be required to account to the Partnership or any Partner for any benefit or profit derived from any such activities or from any similar or competing activity or any transactions relating thereto by reason of any conflict of interest or the fiduciary relationship created by virtue of the relationship of the Parties as Partners hereunder unless such activity is contrary to the express terms of this Agreement.