No Joint Action Clause Samples
The "No Joint Action" clause establishes that the parties to the agreement are not entering into a partnership, joint venture, or any form of collective legal entity. In practice, this means that each party acts independently and is not authorized to bind or represent the other in dealings with third parties. This clause is commonly used to clarify that the relationship is strictly contractual and to prevent any misunderstanding that could lead to shared liability or obligations. Its core function is to ensure that each party retains separate legal responsibility, thereby reducing the risk of unintended legal or financial consequences arising from the actions of the other party.
No Joint Action. Except as disclosed in writing to the Company, the Subscriber does not act jointly or in concert with any other person or company for the purposes of acquiring the Subscribed for Units.
No Joint Action. This Funding Agreement shall not be interpreted or construed to create a joint venture or partnership among the Parties or to impose any partnership obligations or liability upon any Party.
No Joint Action. The Purchaser is acquiring the Debentures for its own account and is not (a) acting together, within the meaning of the TSX Company Manual, or (b) acting jointly or in concert, within the meaning of Canadian securities laws, in each case, with any other person or entity in respect of its investment in BlackBerry. 37.
No Joint Action. This Agreement shall not be interpreted or construed to create an association, joint venture or partnership among the Parties or to impose any partnership obligations or liability upon any Party.
No Joint Action. Except as disclosed in writing to the Company, the Investor does not act jointly or in concert with any other person or company for the purposes of acquiring the Subscribed for Units.
No Joint Action. The Company and the Investors each acknowledge and agree that the Investors are not acting jointly or in concert (as such term is defined in National Instrument 62-104 – Take-Over Bids and Issuer Bids) with each other or with any other person in connection with the matters contemplated by this Agreement. Nothing in this Agreement shall be deemed to create a "group," partnership, or joint venture, or to require any Investor to act in concert with the Company or any other shareholder with respect to the voting or Transfer of any securities of the Company.