RELATIONSHIP OF THE PARTIES
Other Names: Independent Contractor Status • No Agency or Partnership
Sample Clause Language:
Nothing herein contained shall be deemed to create an employment, agency, joint venture[, fiduciary] or partnership relationship between the Parties hereto or any of their agents or employees, or any other legal arrangement that would impose liability upon one Party for the act or failure to act of the other Party. Neither Party shall have any power to enter into any contracts or commitments or to incur any liabilities in the name of, or on behalf of, the other Party, or to bind the other Party in any respect whatsoever.
Source: Annovis Bio, Inc. (2019, July 3). Form S-1. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Relationship of the Parties clauses generally express that parties do not intend their relationship to be an employment, agency, partnership, or joint venture relationship. The sample clause here is mutual and drafted to be neutral. The clause makes clear that a party cannot bind another party without their consent.
Common Contracts with this Clause:
- Employee Agreements
- Services Agreements
- Independent Contractor Agreements
- Licensing Agreements
- Loan Agreements
What you'll see with Lawgood:
Three (3) Alternative Positions
- Mutual (Long-Form)
- Mutual (Short-Form)
- Unilateral
Draft better contracts with Lawgood.