Common use of Independent Nature of Relationship Clause in Contracts

Independent Nature of Relationship. The relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (MEI Pharma, Inc.), Purchase and Sale Agreement (Aquestive Therapeutics, Inc.), Purchase and Sale Agreement (Arbutus Biopharma Corp)

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Independent Nature of Relationship. (a) The relationship between Seller, on the Seller one hand, and the Purchaser is solely that of seller sellers and purchaser, and neither the Purchaser nor Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its their respective Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form. Any party shall not refer other party as a “partner” or the relationship as a “partnership” or “joint venture.

Appears in 3 contracts

Samples: Royalty Purchase Agreement (Healthcare Royalty, Inc.), Royalty Purchase Agreement (Healthcare Royalty, Inc.), Royalty Purchase Agreement (Agenus Inc)

Independent Nature of Relationship. The relationship between the Seller Sellers and the Purchaser Purchasers is solely that of seller and purchaser, and neither the Seller Sellers nor the Purchaser Purchasers has any fiduciary or other special relationship with the other party hereto Party or any of its their respective Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller Sellers and the Purchaser Purchasers as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 2 contracts

Samples: Revenue Interest Assignment and Termination Agreement, Revenue Interest Assignment and Termination Agreement (Agenus Inc)

Independent Nature of Relationship. The relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party Party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form. The Parties agree that they shall not take any inconsistent position with respect to such treatment in a filing with any Governmental Authority.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Healthcare Royalty, Inc.), Purchase and Sale Agreement (Portola Pharmaceuticals Inc)

Independent Nature of Relationship. (a) The relationship between the Seller and the Purchaser Buyer is solely that of seller sellers and purchaserpurchasers, and neither the Buyer nor Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser Buyer as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 2 contracts

Samples: Purchase Agreement, Us Asset Purchase Agreement

Independent Nature of Relationship. The Except for any equity ownership interest of Purchaser held by Seller, the relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Indevus Pharmaceuticals Inc)

Independent Nature of Relationship. The Except for any Capital Securities of the Purchaser held by the Seller, the relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Biocryst Pharmaceuticals Inc)

Independent Nature of Relationship. The relationship between the Seller and the Purchaser Xxxxxxxxx is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto Party or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed (including for tax purposes) to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sutro Biopharma, Inc.)

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Independent Nature of Relationship. The relationship between the Seller and the Purchaser Xxxxxxxxx is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto Party or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall will be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form. The Parties recognize and agree that each is operating as an independent contractor and not as an agent, partner or fiduciary of the other.

Appears in 1 contract

Samples: Royalty Purchase Agreement (uniQure N.V.)

Independent Nature of Relationship. The relationship between the Seller Group and the Purchaser is solely that of seller sellers and purchaser, and neither the Seller Group nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller Group and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Zealand Pharma a/S)

Independent Nature of Relationship. The Except for any Capital Securities of Purchaser held by Seller, the relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PDL Biopharma, Inc.)

Independent Nature of Relationship. The relationship between the Seller and the Purchaser is solely that of seller and purchaser, and neither the Seller nor the Purchaser has any fiduciary or other special relationship with the other party hereto or any of its Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed (including for tax purposes) to constitute the Seller and the Purchaser as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Alnylam Pharmaceuticals, Inc.)

Independent Nature of Relationship. (a) The relationship between Seller, on the Seller one hand, and Purchasers, on the Purchaser other hand, is solely that of seller and purchaser, and neither the Purchasers nor Seller nor the Purchaser Parent has any fiduciary or other special relationship with the other party hereto or any of its their respective Affiliates. Nothing contained herein or in any other Transaction Document shall be deemed to constitute the Seller and the Purchaser Purchasers as a partnership, an association, a joint venture or any other kind of entity or legal form.

Appears in 1 contract

Samples: Revenue Interest Purchase Agreement (Athenex, Inc.)

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