Common use of Retained Rights of Parties Clause in Contracts

Retained Rights of Parties. ‌ Section 17.1 Parties Entitled to Act Separately. This Agreement does not create or establish, and shall not be construed to create or establish, any partnership or joint venture between the Parties. This Agreement establishes terms and conditions solely of a contractual relationship, between two independent entities, to facilitate the achievement of the joint objectives described in the Agreement. The contractual relationship established hereunder implies no duties or obligations between the Parties except as specified expressly herein. All obligations hereunder shall be subject to and performed in a manner that complies with each Party’s internal requirements; provided, however, this sentence shall not limit either Party’s payment obligation under Article XVI or indemnity obligation under Section 18.3.1 or Section 18.3.2, respectively.

Retained Rights of Parties. ‌ Section 17.1 Parties Entitled to Act Separately. This Agreement does not create or establish, and shall not be construed to create or establish, any partnership or joint venture between the Parties. This Agreement establishes terms and conditions solely of a contractual relationship, between two independent entities, to facilitate the achievement of the joint objectives described in the Agreement. The contractual relationship established hereunder implies no duties or obligations between the Parties except as specified expressly herein. All obligations hereunder shall be subject to and performed in a manner that complies with each Party’s internal requirements; provided, however, this sentence shall not limit either Party’s payment obligation under Article XVI or indemnity obligation under Section 18.3.1 or Section 18.3.2, respectively.

Retained Rights of Parties. ‌ Section 17.1 Parties Entitled to Act Separately. This Agreement does not create or establish, and shall not be construed to create or establish, any partnership or joint venture between the Parties. This Agreement establishes terms and conditions solely of a contractual relationship, between two independent entities, to facilitate the achievement of the joint objectives described in the Agreement. The contractual relationship established hereunder implies no duties or obligations between the Parties except as specified expressly herein. All obligations hereunder shall be subject to and performed in a manner that complies with each Party’s internal requirements; provided, however, this sentence shall not limit either Party’s payment obligation under Article XVI or indemnity obligation under Section 18.3.1 or Section 18.3.2, respectively.