Common use of NO OBLIGATION TO PRODUCE Clause in Contracts

NO OBLIGATION TO PRODUCE. It is understood and agreed that Producer shall have complete control of the production and post-production of the Series and shall have no obligation to produce, complete, release, distribute, advertise or exploit the Series, nor to include the Work in the Series as released and Company releases Producer from any liability for any loss or damage Company may suffer by reason of Producer's failure to produce, complete, release, distribute, advertise or exploit such Series. Nothing contained in this Agreement shall constitute a partnership or joint venture by the parties hereto or constitute either party an agent of the other.

NO OBLIGATION TO PRODUCE. It is understood and agreed that Producer shall have complete control of the production and post-production of the Series and shall have no obligation to produce, complete, release, distribute, advertise or exploit the Series, nor to include the Work in the Series as released and Company releases Producer from any liability for any loss or damage Company may suffer by reason of Producer's ’s failure to produce, complete, release, distribute, advertise or exploit such Series. Nothing contained in this Agreement shall constitute a partnership or joint venture by the parties hereto or constitute either party an agent of the other.