Common use of Token Ownership Assistance Clause in Contracts

Token Ownership Assistance. When and if Tokens are transferred to the Limited Partners pursuant to this Agreement, the General Partner and its Affiliates will provide technical assistance to any Limited Partner requesting such assistance in connection with such Token transfer, including, but not limited to, providing guidelines and a description of best practices for securing Tokens and recommending software developed by Blockstack PBC or other third parties for Token transfers; provided that, notwithstanding any other provision of this Agreement, neither the General Partner nor any of its Affiliates shall be liable to the Partnership or any Limited Partner for any act or omission in connection with the provision of technical assistance to any Limited Partner pursuant to this Section 7.2(i) and the Limited Partners take full responsibility for any actions taken after considering the advice of the General Partner or its Affiliates. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, and notwithstanding any other provision of this Agreement or in any agreement contemplated herein or applicable provisions of law or equity or otherwise, the parties hereto hereby agree that the General Partner and its Affiliates shall owe no fiduciary duty to any Limited Partner or the Partnership in connection with the provision of technical assistance to any Limited Partner pursuant to this Section 7.2(i); provided, however, that the foregoing shall not eliminate the duty to comply with the implied contractual covenant of good faith and fair dealing.

Appears in 4 contracts

Samples: Purchase Agreement (Blockstack Token LLC), Purchase Agreement (Blockstack Token LLC), Blockstack Inc.

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