Limitations on Contributed Assets Sample Clauses
Limitations on Contributed Assets. (a) OML acknowledges and agrees that this Agreement does not create a fiduciary relationship, partnership, joint venture or relationship of trust or agency between the Parties and that all Contributed Assets are provided by or on behalf of OMEX as an independent contractor. Nothing in this Agreement will require OMEX to favor the businesses of OML over its own businesses when providing the Contributed Assets.
(b) In providing the Contributed Assets, OMEX is not obligated to: (i) purchase, lease or license any additional equipment, property, services, software or any other assets unless any additional costs associated with such purchase, lease or license are paid in advance to OMEX by OML; (ii) provide OML with access to any systems or software; (iii) make modifications to OMEX’s existing systems or software; (iv) create or supply any documentation or information not currently existing or available through minimal efforts of OMEX; (v) pay any costs or expenses of OML or any of its Affiliates; or (vi) enter into additional contracts with any third parties or maintain the employment of any specific employee or hire additional employees. For the avoidance of doubt, the Parties acknowledge that this Section 1.05 does not create any obligation on the part of OMEX or any of its Affiliates and is subject to the terms of Section 1.04.
