Acknowledgement and Waiver by Distribution Seller Sample Clauses

Acknowledgement and Waiver by Distribution Seller. Each party is independent for all legal purposes, and each party acknowledges and agrees that it was not forced to enter into this Agreement. Distribution Seller acknowledges and agrees that it freely negotiated the terms of this Agreement and that both it and its affiliates have enough economic stability and strength to negotiate and discuss the terms of this Agreement in conditions of equality. Moreover, Distribution Seller hereby expressly acknowledges and agrees that any kind or type of remuneration it receives from the performance of this Agreement (a) constitutes its sole and exclusive compensation in connection with this Agreement, and (b) will be deemed to include, and be an advance of, any commercial severance payment or compensations that might be due to Distribution Seller, in accordance with any law applicable to this Agreement. As Distribution Seller finds the economic and legal terms of this Agreement to be fair, acceptable and profitable from a business viewpoint and taking into account its costs structure, it hereby forever waives any right to receive upon termination any compensation or indemnification. In particular, Distribution Seller, in the legitimate exercise of contractual freedom and private autonomy, under the guidelines of good faith, hereby waives and renounces the right to receive any kind of severance payment established in any law deemed to be applicable to this Agreement.
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Related to Acknowledgement and Waiver by Distribution Seller

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  • Acknowledgement of Receipt Each of the parties acknowledges receiving an executed copy of this Agreement.

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  • Continuing Nature of Representations and Warranties The representations and warranties set forth in this Section are made as of the Effective Date and deemed made continually throughout the Term. If at any time during the Term, any Party obtains actual knowledge of any event or information which causes any of the representations and warranties in this Article 7 to be materially untrue or misleading, such Party shall provide the other Party with written notice of the event or information, the representations and warranties affected, and the action, if any, which such Party intends to take to make the representations and warranties true and correct. The notice required pursuant to this Section shall be given as soon as practicable after the occurrence of each such event.

  • Acknowledgement of Existing Physical Conditions In undertaking the work under this Contract, the Contractor acknowledges that he has visited the premises and has taken into consideration all open and apparent conditions that might affect his work. No claim based on lack of knowledge of existing conditions shall be allowed unless the existing physical conditions cannot be discovered by a reasonably observant person. Any claims relating to conditions that are materially different from the Contract Documents that were not open and apparent may be adjusted as provided in this Part.

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