Shared Vendor Contracts Sample Clauses
The Shared Vendor Contracts clause establishes the terms under which multiple parties jointly engage or utilize the services of a third-party vendor. Typically, this clause outlines how responsibilities, costs, and liabilities are divided among the parties, and may specify procedures for vendor selection, contract negotiation, and dispute resolution. Its core practical function is to ensure clear allocation of obligations and benefits among all involved parties, thereby minimizing misunderstandings and potential conflicts related to shared vendor relationships.
Shared Vendor Contracts. The parties acknowledge that Melco and its Affiliates may from time to time enter into Contracts with a supplier, vendor or other party or its Affiliates or related parties (Shared Vendors) for the provision of various goods and services to more than one Melco Casino (Shared Vendor Contracts).
Shared Vendor Contracts. The parties acknowledge that MCE and its Affiliates may from time to time enter into Contracts with a supplier, vendor or other party or its Affiliates or Connected Persons (Shared Vendors) for the provision of various goods and services to more than one MCE Casino (Shared Vendor Contracts).