Common use of Relationship Among the Parties Clause in Contracts

Relationship Among the Parties. The Parties’ relationship with one another, as established by this Agreement, is solely that of independent contractors. This Agreement does not create any partnership, joint venture or similar business relationship between the Parties. Neither Party is a legal representative of the other Party. Neither Party can assume or create any obligation, representation, warranty or guarantee, express or implied, on behalf of the other Party for any purpose whatsoever. All persons employed by a Party shall be employees of such Party and not of the other Party and all costs and obligations incurred by reason of any such employment shall be for the account and expense of such first Party.

Appears in 4 contracts

Samples: License Agreement (Spero Therapeutics, Inc.), License and Collaboration Agreement (VistaGen Therapeutics, Inc.), License and Collaboration Agreement (VistaGen Therapeutics, Inc.)

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