Common use of Status of the MOU Clause in Contracts

Status of the MOU. For legal purposes, nothing in this MOU shall be construed as creating a joint venture, an agency relationship or a legal partnership between the Parties. No provision of this MOU shall be construed so as to in any way interfere with the respective decision-making processes of the Parties with regard to their own respective work and operation. Each Party will bear its own costs incurred in the implementation of this MOU. This MOU does not represent a commitment of funds on the part of either Party.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Status of the MOU. For legal purposes, purposes nothing in this MOU shall be construed as creating a joint venture, an agency relationship or a legal partnership between the Parties. No provision of this MOU shall be construed so as to in any way interfere with the respective decision-making processes of the Parties with regard to their own respective work and operation. Each Party will bear its own costs incurred in the implementation of this MOU. This MOU does not represent a commitment of funds on the part of either Party.

Appears in 1 contract

Samples: Memorandum of Understanding

AutoNDA by SimpleDocs

Status of the MOU. i) This MOU represents an expression of common intent. For legal purposes, purposes nothing in this MOU shall be construed as creating a joint venture, an agency relationship or a legal partnership between the Parties. No provision of this MOU shall be construed so as to in any way interfere with the respective decision-making processes of the Parties with regard to their own respective work and operation. Each operations. ii) Neither Party will bear its own costs incurred in shall have any right, power or authority to create any obligation, express or implied, on behalf of the implementation of this MOU. This MOU does not represent a commitment of funds on the part of either Partyother.

Appears in 1 contract

Samples: Memorandum of Understanding

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!