Relationship of Purchaser and Servicer Clause Samples
The 'Relationship of Purchaser and Servicer' clause defines the legal and operational relationship between the party purchasing services (the Purchaser) and the party providing them (the Servicer). Typically, this clause clarifies that the Servicer acts as an independent contractor rather than an employee or agent of the Purchaser, and it may specify that neither party has authority to bind the other in contracts or obligations. By establishing these boundaries, the clause helps prevent misunderstandings about liability, authority, and the nature of the working relationship, ensuring both parties understand their roles and responsibilities.
Relationship of Purchaser and Servicer. (a) Servicer as Independent Contractor. Except as may otherwise be specifically provided herein, in performing its duties and obligations hereunder, Servicer is an independent contractor and not an agent of Purchaser.
Relationship of Purchaser and Servicer