Status of Parties Clause Samples
The "Status of Parties" clause defines the legal relationship between the parties involved in an agreement, clarifying whether they are independent contractors, partners, agents, or hold another status. This clause typically specifies that neither party is authorized to act on behalf of the other or bind the other to obligations, and it may state that the agreement does not create a partnership, joint venture, or employment relationship. Its core function is to prevent misunderstandings or legal disputes about the nature of the parties' relationship, ensuring that each party's rights and responsibilities are clearly delineated.
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Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.
Status of Parties. This Agreement is not intended to create, nor shall it be construed to be, a joint venture, association, partnership, franchise, or other form of business relationship. Neither party shall have, nor hold itself out as having, any right, power or authority to assume, create, or incur any expenses, liability, or obligation on behalf of the other party, except as expressly provided herein.
Status of Parties. The parties agree that Interns participating in the education Fieldwork are not the employees or agents of the Facility or the College, nor are they entitled to any benefits from the Facility or the College, including but not limited to workers’ compensation, unemployment insurance coverage, health benefits (except as herein above provided), coverage or any other benefits provided by the Facility or the College to its employees. Each Intern’s agreement to this status will be confirmed in the attached notice.
Status of Parties. No other party is acting as a fiduciary or an adviser to it in respect of that Transaction.
Status of Parties. Each party is acting in its independent capacity and not as agents, employees, partners, or joint venturers of the other party. City, its officers or employees shall have no control over the conduct of Contractor or its respective agents, employees, subconsultants, or subcontractors, except as herein set forth.
Status of Parties. In selling the Interests, MSSB shall be an independent contractor (rather than employee, agent or representative) of any Partnership or the General Partner, and MSSB shall not have the right, power or authority to enter into any contract or to create any obligation on behalf of any Partnership or the General Partner or otherwise bind any Partnership or the General Partner in any way. Nothing in this Agreement shall create a partnership, joint venture, agency, association, syndicate, unincorporated business or any other similar relationship between the parties. Nothing in this Agreement shall be construed to imply that MSSB is a partner, shareholder, manager, managing member or member of any Partnership or the General Partner.
Status of Parties. None of the other parties is acting as a fiduciary for or an adviser to it in respect of this Novation Agreement.
Status of Parties. This Agreement will not constitute a partnership, joint venture or similar arrangement. The parties hereto are separate and distinct entities independently contracting with each other at arms length. HCC will not be deemed by this Agreement to be granting a license to Participant, with respect to UltraSwitch, the HCC System or any software or service mark ▇▇▇ated thereto, or otherwise, this being a contract for the use and rendering of services only.
Status of Parties. This Agreement shall not constitute a partnership, joint venture or similar arrangement. The parties hereto are separate and distinct entities independently contracting with each other at arms length. THISCO shall not be deemed by this Agreement to be granting a license to HOTEL, with respect to UltraSwitch or any
Status of Parties. In selling the Shares, First Trust will be an independent contractor (rather than employee, agent or representative) of such Fund or the Investment Manager, and First Trust will not have the right, power or authority to enter into any contract or to create any obligation on behalf of any Fund or the Investment Manager or otherwise bind any Fund or the Investment Manager in any way. Nothing in this Agreement will create a partnership, joint venture, agency, association, syndicate, unincorporated business or any other similar relationship between the parties. Nothing in this Agreement will be construed to imply that First Trust is a partner, shareholder, manager or member of the Fund, Vest or the Investment Manager.