No Common Control Clause Samples
The No Common Control clause establishes that the parties to the agreement are not under the control of the same parent entity or individual. In practice, this means that neither party is affiliated through ownership, management, or other controlling interests, and each operates independently. This clause is important because it clarifies the relationship between the parties, preventing assumptions of shared liability or obligations that might arise if common control were present, thereby ensuring clear boundaries and reducing potential conflicts of interest.
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No Common Control. Neither Party is a division, subsidiary, affiliate, or any part of the other Party, nor has the right or authority to exercise any common control of any other Party. Nothing herein shall be construed to create a partnership or joint venture by or between MISD and the OP.
No Common Control the Vendor does not have a relationship of common control with the Company and there are no contractual or other relationship of control (e.g. voting agreement, rights as creditor, etc.) between the Vendor and the Company or any of its affiliates;
No Common Control. Neither Party is a division, subsidiary, affiliate, or any part of the other Party or has the right or authority to exercise any common control of any other Party. Nothing herein will be construed to create a partnership or joint venture by or between PSJA and IMO.