Common use of Independent Actors Clause in Contracts

Independent Actors. The Funder and the Claimholder are independent actors. This Agreement does not create any joint venture, partnership or any other type of affiliation, nor does it create a joint interest in the Subject Claim, for any purpose, including for U.S. federal, state and local income tax purposes.

Appears in 4 contracts

Sources: International Claims Enforcement Agreement (Odyssey Marine Exploration Inc), International Claims Enforcement Agreement (Odyssey Marine Exploration Inc), International Claims Enforcement Agreement (Odyssey Marine Exploration Inc)