Common use of Presumption of Power Clause in Contracts

Presumption of Power. The execution by the General Partner of the contracts or agreements relating to Partnership business shall be sufficient to bind the Partnership. No person dealing with the General Partner shall be required to determine his authority to make or execute any undertaking on behalf of the Partnership, nor determine any fact or circumstances bearing upon the existence of his authority nor to see the application or distribution of revenue or proceeds derived therefrom, unless and until such persons have received written noticed to the contrary.

Presumption of Power. The execution by the General Partner Partner's enforcement of the contracts or agreements relating related to Partnership the Partnership's business shall be activities is sufficient to bind the Partnership. No person dealing with the General Partner shall be is required to determine his authority to make fulfil or execute fulfil any undertaking obligation on behalf of the Partnership, nor determine is it required to identify any fact or circumstances bearing upon related to the existence of his authority nor its authority, and to see the application or distribution of revenue income or proceeds income derived therefromfrom it, unless and until such persons have received written a noticed to the contrary.opposite. 13.09

Presumption of Power. The execution by the General Partner of the contracts or agreements relating to Partnership business shall be sufficient to bind the Partnership. No person dealing with the General Partner shall be required to determine his authority to make or execute any undertaking on behalf of the Partnership, nor determine any fact or circumstances bearing upon the existence of his authority nor to see the application or distribution of revenue or proceeds derived therefrom, unless and until such persons have received written noticed to the contrary.. 13.09