Arm’s-Length Relationship Commitment Clause Samples
The Arm’s-Length Relationship Commitment clause establishes that the parties to the agreement are acting independently and without any special relationship that could influence their dealings. In practice, this means that neither party is considered an agent, partner, or affiliate of the other, and each is responsible for its own actions and obligations under the contract. This clause is essential for clarifying that the agreement does not create unintended legal relationships, thereby reducing the risk of liability or obligations arising from an implied partnership or agency.
Arm’s-Length Relationship Commitment. Each of the ring-fenced entities will maintain an arm’s-length relationship with BHE or BHE’s affiliates consistent with the Commission’s affiliate standards applicable to Oncor.
Arm’s-Length Relationship Commitment. Each of the ring-fenced entities will maintain an arm’s-length relationship with Parent or Parent’s affiliates (other than the ring-fenced entities) consistent with the Commission’s affiliate standards applicable to Oncor.