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.
Appears in 16 contracts
Sources: Placement Agent Agreement (FT Vest Hedged Equity Income Fund: Series B3), Placement Agent Agreement (FT Vest Total Return Income Fund: Series B3), Placement Agent Agreement (FT Vest Annual Hedged Equity Income Fund II)