Ownership Split definition
Ownership Split. ▇▇▇▇▇▇ ▇▇▇▇ (50)% The Blackhawk Fund(50)% This agreement (the "Agreement) is entered into between ▇▇▇▇▇▇ ▇▇▇▇ and The Blackhawk Fund, a Nevada corporation ("Blackhawk"). The parties hereto have agreed to associate themselves as Joint Venture Co-owners on the following terms and conditions: Purpose of Joint Venture The purpose of this Joint Venture shall be the ownership and operation of a property bearing an address of ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇ and being the real property in the State of California. Joint Venture of Property Legal title shall be acquired by this Joint Venture as tenants in common, each owning undivided interests, as follows: ▇▇▇▇▇▇ ▇▇▇▇ 50 percent Blackhawk 50 percent Duration of Joint Venture This Joint Venture shall commence on execution of this Agreement by the parties and shall continue until dissolved by mutual consent of the parties or terminated as provided for in this Agreement.
Examples of Ownership Split in a sentence
The co-tenancy interests in the property of each of the co- owners are shown on the attached cover page as "Ownership Split." The parties hereby waive any right they may have to partition the property during the duration of this Agreement.