Independent Contractors; Expenses Sample Clauses

Independent Contractors; Expenses. This Agreement does not constitute any party hereto the partner, agent or legal representative of any other party hereto, except to the extent that the Company is classified as a partnership for United States federal income tax purposes and the Members are treated as “partners” for such tax purposes. Each party hereto is independent and responsible for its own expenses (except as otherwise agreed pursuant to ARTICLE VI), including attorneys’ and other professional fees incurred in connection with the transactions contemplated by this Agreement.

Independent Contractors; Expenses. Each Party will act as an independent contractor hereunder, with sole responsibility for its own operations, personnel and operating expenses, and nothing contained in this Agreement will be construed to create a partnership or joint venture between the Parties. Except as otherwise provided herein, each Party shall bear its own expenses incurred in its performance of this Agreement.

Independent Contractors; Expenses. The KNDD and SCNX hereto agree that in connection with this Agreement the status of each of them in relation to the other is that of an independent contractor acting in its own name and for its own account. Accordingly, neither the KNDD nor SCNX have, or will be considered to have, any power of authority to act as an agent or representative of the other, nor have any power of authority to contract in the name, or create or assume any obligation or liability against, or otherwise legally bind the other in any way for any purpose, unless otherwise expressly provided herein, or otherwise agreed separately in writing. All costs and expenses connected with the activities and performance of each of KNDD and SCNX under this Agreement are to be borne solely by KNDD and SCNX, as each incurred such costs and expenses.