Common use of Independence of the Parties Clause in Contracts

Independence of the Parties. Nothing in this Agreement shall grant to either party the right to make commitments of any kind for, or on behalf of, the other party. This Agreement is not intended to be, nor shall it be construed as, a joint venture, teaming relationship, partnership, or other formal business arrangement.

Independence of the Parties. Nothing in this Agreement shall grant to either party Party the right to make commitments of any kind for, or on behalf of, the other partyParty. This Agreement is not intended to be, nor shall it be construed as, a joint venture, teaming relationship, partnership, or other formal business arrangement. No Third Party Beneficiaries: This Agreement is entered into for the sole benefit of EDC-TCF and the Innovator and no other parties are intended to be direct or incidental beneficiaries of this Agreement and no third party shall have any right in, under or to this Agreement.