Nature of the Parties Clause Samples
The "Nature of the Parties" clause defines the legal status and relationship of the entities entering into the agreement. It typically clarifies whether the parties are acting as independent contractors, partners, agents, or in another capacity, and may specify that neither party has authority to bind the other. This clause helps prevent misunderstandings about the roles and responsibilities of each party, ensuring that liability and obligations are clearly allocated and that no unintended legal relationships are created.
Nature of the Parties. Interest under This MOA
Nature of the Parties. The "Barter Business Exchange, Inc." hereafter referred to as "BBE", is a trade company that acts as a clearinghouse and third party record keeper of trade transactions among its Clients, which are businesses that contract with BBE to organize and facilitate barter of their goods and/or services with other Clients. "Client" is a business that has contracted with BBE to exchange its goods and/or services with other Clients and wishes to subscribe to BBE's record keeping and barter services. "Barter Broker" is the BBE employee whose function it is to assist Clients in the sale and purchase of goods and services.
Nature of the Parties. This Agreement does not constitute an agreement for a partnership or a joint venture between the Principal and the Agent All expenses and costs incurred by the Agent in meeting its obligations under this Agreement shall be solely those of the Agent and the Principal shall not be liable for payment. Similarly, all expenses and costs incurred by the Principal in meeting its obligations under this Agreement shall be solely those of the Principal and the Agent shall not be liable for payment. The Agent may make no commitments with third parties that are binding upon the Principal without the Principal's written consent and the Agent in no way shall hold itself out as having that power.
Nature of the Parties. WTN is a trading company that also acts as a clearinghouse and third-party record keeper of trade transactions among its Members, who are business owners and professionals who contract with WTN to organize and facilitate trade of their goods and services with each other.
Nature of the Parties. Moxey is a trading company that also acts as a clearinghouse and third-party record keeper of barter transactions among its Members, who are business owners and professionals who contract with Moxey to organize and facilitate barter/trade of their goods and services with each other. Member is a legitimate business that desires to exchange goods and/or services with other Members and wished to subscribe to ▇▇▇▇▇’▇ record keeping and barter/trade services.