Common use of No Agency, Partnership or Joint Venture Clause in Contracts

No Agency, Partnership or Joint Venture. It is expressly understood and agreed that neither this Agreement nor anything in it shall constitute or be deemed to establish a partnership, agency relationship or joint venture between Affiliate (or any of its offices, employees or agents) and Company/its contractor (or any of its offices, employees or agents). Consequently, neither Affiliate nor any of its offices, employees or agents shall hold themselves out to others (including, without limitation, prospective customers) as having any relationship with the Company/its contractor other than as specifically set forth in this Agreement. Furthermore, neither Affiliate nor any of its offices, employees or agents shall be authorized to make representation or take any other action whatsoever on behalf of Company/its contractor. In performing this agreement, Affiliate will have no authority to bind Company/its contractor in any way and will make no representation to prospective customers or other persons relative to Company/its contractor or its FX trading operations other than as expressly authorized by this agreement or otherwise in writing by Company/its contractor.