Common use of No Advisory Relationship Clause in Contracts

No Advisory Relationship. Subscriber acknowledges and agrees that the purchase and sale of the Shares pursuant to this Agreement is an arms-length transaction between you and the Series. In connection with the purchase and sale of the Shares, neither the Series, the Company or Masterworks is acting as your agent or fiduciary. Neither the Series, the Company or Masterworks assumes any advisory or fiduciary responsibility in your favor in connection with the Shares. Neither the Series, the Company or Masterworks has provided you with any legal, accounting, regulatory or tax advice with respect to the Shares, and you have consulted your own respective legal, accounting, regulatory and tax advisors to the extent you have deemed appropriate.