Common use of Project as a Private Undertaking Clause in Contracts

Project as a Private Undertaking. It is specifically understood and agreed that the development of the Project is a private development, that neither party is acting as the agent of the other in any respect, and that each party is an independent contracting entity with respect to the terms, covenants, and conditions contained in this Agreement. The only relationship between the City and the Owner is that of a government entity regulating the development of private property and the owner of such property. None of the terms or provisions of this Agreement shall be deemed to create a partnership between or among the parties or cause them to be considered a joint venture or members of any joint enterprise. This Agreement is not intended and shall not be construed to create any third-party beneficiary rights in any person who is not a party or a transferee.