Distinct Entities Clause Samples
The "Distinct Entities" clause establishes that the parties involved in an agreement are recognized as separate and independent legal entities. In practice, this means that each party is responsible for its own obligations, debts, and liabilities, and neither is considered an agent, partner, or representative of the other. This clause is essential for clarifying the legal relationship between the parties, preventing unintended legal or financial entanglements, and ensuring that each entity maintains its autonomy and separate legal identity.
Distinct Entities. The Assignor and Assignee hereby acknowledge that for all purposes the Assignor and Assignee are each separate and distinct legal entities. Accordingly, the Assignor shall not be liable to any third party for the debts, obligations and liabilities of the Assignee; and Assignee shall not be liable to any third party for the debts, obligations and liabilities of the Assignor to the extent that such debts, obligations and liabilities have not been expressly assumed by Assignee hereunder.
Distinct Entities. Any reference to Resolute in this Agreement shall be construed as a reference to the appropriate entity. For greater certainty, and without limitation, to the extent one Resolute entity issues a Work Order under this Agreement, or is responsible for the performance of an obligation under this Agreement, the other Resolute entities shall not guarantee or be liable for the payment of any amount due and payable under such Work Order or for the performance of any obligation of such Resolute entity under this Agreement.