INDEPENDENT BUSINESS ENTITIES. Nothing in this Agreement shall in any way be construed to establish Vendor as an agent, employee or representative of the Company, nor is the arrangement between the parties intended in any way to constitute a partnership, joint venture or collaboration of any kind for the purpose of sharing ownership in common. Vendor has no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written consent of the Company; and each party shall be separately and entirely liable for their own taxes (income or otherwise), debts, liabilities, and responsibilities in all respects, including the proper compliance with all federal and state laws.
INDEPENDENT BUSINESS ENTITIES. The parties acknowledge and agree that each is an independent business entity. As such, no agency, partnership, joint venture, co-inventor, co-author, employee-employer or franchisor-franchisee relationship is intended or created by this Agreement. Nothing in this Agreement shall result in an obligation or create a duty to provide an accounting between the parties. Neither party shall make any warranties or representations on behalf of the other party.
INDEPENDENT BUSINESS ENTITIES. 10 10.10 Construction...............................................................................11 10.11
INDEPENDENT BUSINESS ENTITIES. BANK and ISO will be deemed to be independent business entities and will not be considered to be servant, joint venture or partner of the other.
