Common use of Reps and Warranties Clause in Contracts

Reps and Warranties. Nothing in this agreement shall operate to create a partnership or joint venture of any kind between the IB and the OC, or to authorise the OC to act as representative for the IB; and the OC shall not have authority to act in the name or on behalf of or otherwise to bind the IB in any way, including but not limited to the making of any representation or warranty, the assumption of any obligation or liability and the exercise of any right or power.