Existing Relationship Clause Samples
The 'Existing Relationship' clause defines and acknowledges any prior business or contractual relationship between the parties before entering into the current agreement. It typically outlines the nature of previous dealings, such as ongoing services, prior contracts, or established partnerships, and may clarify how those relationships interact with the new agreement. This clause helps ensure that both parties have a mutual understanding of their history, preventing misunderstandings and clarifying whether previous obligations or rights are affected by the new contract.
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Existing Relationship. Purchaser became aware of this offering of the Shares solely and directly from the Company as a result of a pre-exiting, substantial relationship with the Company, and the Shares were offered to Purchaser solely by direct contact between Purchaser and Company. Purchaser did not become aware of this offering of the Shares, nor were the Shares offered to Purchaser, by any other means. Purchaser acknowledges that the Company has not acted as its financial advisor or fiduciary. Purchaser acknowledges that the Company represents and warrants that the Shares (i) were not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any other federal, state or foreign securities laws.
Existing Relationship. As of the date hereof, the Investor owns equity interests in Star Parent, L.P., which owns all of the Company’s Common Stock.
Existing Relationship. As of the date hereof, the Investor owns a majority of the outstanding shares of the Company’s Common Stock.
Existing Relationship. Bloorcom has used an open source code software (the “Original Software”) for its development of, and is the developer and owner of, or has rights to, certain web-based software (the “Standard Bloorcom Software”) and content to be provided to customers over the internet, all of which is used to make available the Service to the Customer pursuant to that certain Application Service Provider Agreement dated the date hereof between Bloorcom and the Customer (the “Application Service Provider Agreement”);
Existing Relationship. Seller and Buyer are co-working interest owners in the Assets. As a result of this relationship, Buyer acknowledges that it is thoroughly familiar with the condition of the interests and properties to be sold to it, and that it has extensive and personal knowledge of all operations which have been conducted by the working interest owners on and with respect to the interests and properties which are the subject of this Agreement.
Existing Relationship. The Borrower and the Bank agree that as of the date of this Agreement any line of credit made available by the Bank to the Borrower prior to the date of this Agreement shall be terminated.
Existing Relationship. SELLER and BUYER are co-signatories to the Operating Agreement and co-owners in the various rights, interests, contracts and agreements which, as to SELLER's interests, constitute the Assets. As such, BUYER AND SELLER have equal rights to information relating to and concerning the assets and operations. To the extent SELLER may have been provided with information that has not been provided to BUYER, however, SELLER will provide such information to BUYER prior to the Closing Date. SELLER acknowledges that she is experienced and knowledgeable in the oil and gas industry, and has relied solely on her own legal, tax and other professional counsel concerning this Agreement.
Existing Relationship. ▇▇▇▇▇▇▇ and Sol-Gel entered into a Service Development Agreement dated [***], as amended on [***], pursuant to which ▇▇▇▇▇▇▇ provided development services to Sol-Gel relating to the Products. This Agreement replaces the Service Development Agreement dated [***] (as amended) (the “Service Development Agreement”), except that any provisions of the Service Development Agreement that are intended to survive its expiry or termination shall do so and the entering into of this Agreement shall not preclude or override any liability of either ▇▇▇▇▇▇▇ or Sol-Gel that arose pursuant to the Service Development Agreement prior to the Commencement Date of this Agreement, including any obligation to make any payment. Notwithstanding any provision to the contrary set forth in this Agreement, Galderma, not having been party to the Service Development Agreement, shall not be bound by, or have any responsibility or liability with respect to, the Service Development Agreement in any manner whatsoever, including any surviving terms thereof.
Existing Relationship. Seller and Buyer are co-signatories to the JOA and co-owners in the various rights, interests, contracts and agreements which, as to Seller's interests, constitute the Assets. As a result of this relationship, Buyer and Seller jointly acknowledge that they are familiar with the condition of the Assets and interests and properties to be purchased and sold hereunder, and that they have personal knowledge of all operations which have been conducted by the owners on, and with respect to, the interests and properties which are the subject of this Agreement. Seller acknowledges that it is experienced and knowledgeable in the oil and gas industry, and has relied solely on its own legal, tax and other professional counsel concerning this Agreement.