Independent Legal and Accounting Fees Sample Clauses

The Independent Legal and Accounting Fees clause establishes that each party is responsible for paying its own legal and accounting costs incurred in connection with the agreement. In practice, this means that if either party hires lawyers or accountants to review, negotiate, or advise on the contract, those expenses are not shared or reimbursed by the other party. This clause ensures that there is no ambiguity or dispute over who bears the cost of professional advisors, thereby preventing future disagreements and allocating financial responsibility clearly between the parties.