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Fha Shared Well Agreement Form: What You Should Know
This agreement is limited to the well and waterworks, exclusive of the rights of use, sale, alienation, and use or diversion as is set forth in the Waterworks Association and Milwaukee Association of Realtors by-laws, forms, and guidelines. (see Owner's Interest, Ownership) Owner's Interest Section 1. The Milwaukee Water Works is hereby granted rights, and shall be deemed to have granted rights, to acquire all materials, materials, parts, supplies, materials, and labor necessary or appropriate for the construction of a water main, including the right to use the materials, supplies, and labor necessary to the construction of a water main by the owner of said well and the Milwaukee Water Works, and the Water Works shall not be liable for any damages resulting from any such acquisition. (also the Right to use said water) 2. The owner of said well shall be deemed to have granted permission for the use of said well by the Water Works. (authority to the Water Works) 3. Each Party shall be empowered to assign, convey, transfer, sell, lease, pledge for any purpose whatsoever, give or transfer the entire or any part of ownership interest in and to said well or any part thereof, at any time and in any manner, with or without compensation. (transfer) 4. If any of the parties shall, in violation or conflict with any of the provisions of this agreement, fail to meet its obligations, the provisions of this agreement shall be of no force and effect. 5. Failure to comply by any party shall because for immediate cancellation of this agreement, and the agreement shall terminate automatically as to each Party upon such violation. 6. Any claim which any party may have against the other Party in relation to or arising out of this Agreement shall be decided upon by arbitration under the rules and procedures of the Mutual Arbitration Program of the American Arbitration Association.
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