Common use of Independent Status of Parties Clause in Contracts

Independent Status of Parties. This Agreement does not appoint either party the other's agent, or partner for any purpose whatsoever, nor does it grant to either party any right or authority to create any obligation or responsibility, expressed or implied, on behalf of or in the name of the other party, nor to bind the other party in any manner whatsoever. No partnership or joint venture is intended nor is created as a result of this Agreement, but rather the parties' relationship shall be that of a Supplier/Customer and except as otherwise provided herein, each shall be solely answerable for the cost and expenses, consequences and damages arising out of their own acts and from the operation and maintenance of their respective businesses.

Appears in 2 contracts

Samples: Supply Agreement (Imco Recycling Inc), Supply Agreement (Commonwealth Industries Inc/De/)

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Independent Status of Parties. This Agreement does not ------------------------------------------- appoint either party the other's agent, or partner for any purpose whatsoever, nor does it grant to either party any right or authority to create any obligation or responsibility, expressed or implied, on behalf of or in the name of the other party, nor to bind the other party in any manner whatsoever. No partnership or joint venture is intended nor is created as a result of this Agreement, Agreement but rather the parties' relationship shall be that of a Suppliersupplier/Customer customer and except as otherwise provided herein, each shall be solely answerable for the cost and expenses, consequences and damages arising out of their own acts and from the operation and maintenance of their respective businesses.

Appears in 1 contract

Samples: Processing Agreement (Imco Recycling Inc)

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Independent Status of Parties. This Agreement does not appoint either party the other's agent, or partner for any purpose whatsoever, nor does it grant to either party any right or authority to create any obligation or responsibility, expressed or implied, on behalf of or in the name of the other party, nor to bind the other party in any manner whatsoever. No Except in the circumstances described in Article XV, no partnership or joint venture is intended nor is created as a result of this Agreement, Agreement but rather the parties' parties relationship shall be that of a Supplier/Customer and except as otherwise provided herein, each shall be solely answerable for the cost and expenses, consequences and damages arising out of their own acts and from the operation and maintenance of their respective businesses.

Appears in 1 contract

Samples: Supply Agreement (Imco Recycling Inc)

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