Parties Not Partners Sample Clauses
The "Parties Not Partners" clause clarifies that the relationship between the contracting parties is strictly contractual and does not create a partnership, joint venture, or similar association. In practice, this means that neither party can bind the other to third-party obligations or represent themselves as having authority beyond the contract's scope. This clause is essential for preventing misunderstandings or legal claims that could arise if one party acts as though they have broader powers or shared liabilities, thereby protecting both parties from unintended legal and financial responsibilities.
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Parties Not Partners. Notwithstanding any language in this Agreement or any other agreement, representation, or warranty to the contrary, the Parties shall not be deemed to be partners or joint venturers, and no Party shall be responsible for any debt or liability of any other Party.
Parties Not Partners. Nothing contained in this Agreement shall constitute any party as a partner with, agent for or principal of any one or more of the other parties or their successors and assigns.
Parties Not Partners. Nothing contained in this Agreement or any of the documents or instruments to be executed pursuant hereto shall constitute any one or more of Buyer and its officers, directors, successors and assigns, as partners with, agents for or principals of any one or more of Seller and its officers, directors, successors and assigns.
Parties Not Partners. This Agreement shall not be construed to constitute a partnership, joint venture, or agency between You and us or the Fund, nor to create an employer-employee relationship between You and us. You acknowledge that You are an independent contractor, that Your business is its own and entirely separate from that of ours and the Fund, and that You will not deal with or represent itself to the public in any other way.
Parties Not Partners. 6.1 Nothing in this Memorandum of Undertaking shall constitute a partnership between the Parties. Except as set out in this Memorandum of Understanding, neither Party shall have express or implied authority to bind or represent the other Party for any purpose whatsoever unless expressly agreed in writing by the Party concerned.
Parties Not Partners. Nothing contained in this Agreement shall constitute a partnership or other agency agreement between the parties hereto or their respective subsidiaries or any of them, nor shall anything contained in this Agreement give any of the parties hereto or any of the respective subsidiaries the right to bind, or pledge the credit of, any of the other parties hereto or any of their respective subsidiaries.
Parties Not Partners. Nothing contained in this Agreement shall be construed so as to make the parties hereto partners or joint venturers or to permit either party to bind the other party to any agreement or purport to act on behalf of the other party in any respect.
Parties Not Partners. Nothing contained in this Security Agreement, or any of the documents to be executed pursuant hereto, shall operate to make the Secured Parties or any of their successors, administrators or assigns a partner(s) with, agent(s) for, or principal(s) of Debtor, its successors or assigns and vice-versa.
Parties Not Partners. Nothing in this Agreement shall be deemed to constitute either Orbital, OrbNav or the Purchaser as the agent of the others or create a partnership or joint venture between the parties, and none of Orbital, OrbNav or Purchaser shall have power to bind the others or to contract in the name of or create a liability against the others in any matter whatsoever.
Parties Not Partners. This Agreement shall not be construed to constitute a partnership, joint venture, or agency between Financial Intermediary and Legg Mason or any Investment ▇▇▇p▇▇▇, nor to create an employer-employee relationship between Legg Mason and Financial Int▇▇▇▇d▇▇▇▇. Financial Intermediary acknowledges that it is an independent contractor, that its business is its own and entirely separate from that of Legg Mason and the Investmen▇ ▇▇m▇▇▇▇▇s, and that it will not deal with or represent itself to the public in any other way.