NO BUSINESS RELATIONSHIP. Nothing in this Agreement will be deemed, held, or construed to make either party a partner or associate of the other in the operation of the Leases, or to render either party liable for any debts, liabilities, or obligations incurred by the other party. It is expressly understood and agreed that the relationship between the parties hereto will always be that of vendor and vendee.
Appears in 3 contracts
Samples: Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.), Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.), Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.)
NO BUSINESS RELATIONSHIP. Nothing in this Agreement will be deemed, held, or construed to make either party a partner or associate of the other in the operation of the Leases, or to render either party liable for any debts, liabilities, or obligations incurred by the other party. It is expressly understood and agreed that the relationship between the parties hereto will always be that of vendor and vendeevendee except pursuant to the JOA’s pursuant to Paragraph 16 herein.
Appears in 1 contract
Samples: Purchase, Sale and Capital Contribution Agreement (Viking Energy Group, Inc.)
NO BUSINESS RELATIONSHIP. Nothing in this Agreement will be deemed, held, or construed to make either party a partner or associate of the other in the operation of the Leases, or to render either party liable for any debts, liabilities, or obligations incurred by the other party. It is expressly understood and agreed that the relationship between the parties hereto will always be that of vendor and vendee.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Legend Oil & Gas, Ltd.)
NO BUSINESS RELATIONSHIP. Nothing in this Agreement will be deemed, held, or construed to make either party a partner or associate of the other in the operation of the Leases, or to render either party liable for any debts, liabilities, or obligations incurred by the other party. It is expressly understood and agreed that the relationship between the parties hereto will always be that of vendor and vendeevendee except pursuant to the JOA's pursuant to Paragraph 16 herein.
Appears in 1 contract
Samples: Purchase, Sale And (Viking Investments Group, Inc.)
