Acting as a Principal Clause Samples
The "Acting as a Principal" clause establishes that a party is entering into an agreement or transaction on its own behalf, rather than as an agent or representative for another entity. In practice, this means the party assumes full responsibility for its obligations and rights under the contract, and any actions or decisions are made independently, not on behalf of a third party. This clause is essential for clarifying the legal standing of the parties involved, ensuring that each is directly accountable for their commitments and preventing confusion or disputes about agency relationships.
Acting as a Principal. Receiving party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated trans- action. Receiving party acknowledges and agrees that Bull Realty, Incorporated, will be used as the sole broker or agent in connection with the purchase or lease of the property paid by and representing the Seller. Receiving party agrees to not be involved in any arrangement to purchase the property, in whole or part, as a lender, partner or in other manner, unless Bull Realty, Incorporated is included as the only Real Estate Broker paid in the transaction by the seller/landlord. Receiving party reserves the right to involve any agent, broker, attorney or other advisor in the transaction provided said party is paid by the Purchaser and said party has agreed in writing to the confidentiality in paragraph one of this agreement.
Acting as a Principal. Receiving party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transac- tion. Receiving party acknowledges and agrees that Bull Realty, Incorporated, will be used as the sole broker or agent in con- nection with the purchase or lease of the property paid by and representing the Seller. Receiving party agrees to not be in- volved in any arrangement to purchase the property, in whole or part, as a lender, partner or in other manner, unless Bull Re- alty, Incorporated is included as the only Real Estate Broker paid in the transaction by the seller/landlord. Receiving party re- serves the right to involve any agent, broker, attorney or other advisor in the transaction provided said party is paid by the Purchaser and said party has agreed in writing to the confidentiality in paragraph one of this agreement.
Acting as a Principal. Prospect hereby warrants that it is acting as a principal only, and not as a broker or agent, regarding this contemplated transaction. Prospect acknowledges and agrees that Bull Realty, Inc., will act in an agency capacity on behalf of the Seller, and will be used as the sole broker or agent in connection with the purchase of the property. Bull Realty, Inc. will be paid a commission by the Seller. Prospect agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any other manner acquire an investment in or control of the property, unless Bull Realty, Inc. is included as the selling agent and is compensated as described herein. Prospect reserves the right to involve any lender, underwriter, equity partners, attorney or other advisor in the transaction provided said party is paid by the Prospect, and said party has agreed in writing to this confidentiality agreement.