No Partnerships Sample Clauses
The "No Partnerships" clause explicitly states that the agreement does not create a partnership, joint venture, or similar legal relationship between the parties. In practice, this means that each party remains independent and is not authorized to act on behalf of the other, nor do they share profits, losses, or liabilities as partners would. This clause is essential for clarifying the nature of the relationship and preventing unintended legal obligations or misunderstandings regarding authority and shared responsibility.
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No Partnerships. The Parties hereunder are operating as independent entities, and nothing in this Agreement will be construed as creating a partnership, franchise, joint venture, employer-employee or agency relationship. Neither Party has the authority to make any statements, representations or commitments of any kind on behalf of the other Party.
No Partnerships. This Agreement shall not make or be deemed to make any party to this Agreement an agency for or the partner of any other party.
No Partnerships. The Company is not a member of any joint venture, partnership, or other arrangement or Contract that is treated as a partnership for income Tax purposes.
No Partnerships. This Agreement does not create a partnership, agency, fiduciary or other relationship, except the relationship of contracting parties. No Party is liable for any act or omission of any other Party, except as may be set out in this Agreement.
No Partnerships. No Properties are subject to (i) any common law partnership under relevant state law and no Properties were or are subject to any joint venture or association, other than Permitted Encumbrances, and (ii) any arrangement which is, or is treated as, a partnership for federal income tax purposes has made a timely and valid election out of Subchapter K of the Code. None of the Properties otherwise constitute an interest in either a partnership, a publicly traded partnership or an association taxable as a corporation for purposes of the Internal Revenue Code of 1986, as amended.
No Partnerships. Landlord shall not by the execution of this Lease in any way or for any purpose become a partner of Tenant in the conduct of its business or otherwise, or joint venturer or a member of a joint enterprise with Tenant.
No Partnerships. This Instrument shall not make or be deemed to make any Party to this Instrument an agent for or the partner or joint venturer of any other Party.
No Partnerships. Nothing contained in this Agreement shall be construed to constitute a partnership or other similar relationship between Grant, Licensee or any of their respective Affiliates nor to confer any fiduciary or similar relationship between Grant, Licensee or any of their respective Affiliates.
No Partnerships. This MOU shall not make or be deemed to make any party to this MOU an agent for or the partner of any other party.
No Partnerships. Neither the Company nor any Subsidiary has been a party to any joint venture, partnership, or other arrangement that could be treated as a partnership for Tax purposes.