Common use of Independent Contractor Status of Parties Clause in Contracts

Independent Contractor Status of Parties. Orion's and Hormos' status under the business arrangement established by this Agreement is solely that of independent contractors, not as partners, joint ventures or the like. Unless otherwise specifically agreed herein or to the extent specifically agreed by the Parties in a separate writing, neither Party has any authority whatsoever to act as an agent or representative of the other, nor has either any authority or power to contract, or create or assume any obligation or liability in the other's name, on behalf of the other or otherwise bind the other in any way for any purpose nor shall either Party hereto represent to any third parties it possesses any such authority to bind the other Party.