No Joint Venture / Non-Exclusive Clause Samples
The "No Joint Venture; Non-exclusive" clause clarifies that the agreement between the parties does not create a partnership, joint venture, or similar relationship, and that the arrangement is not exclusive. In practice, this means that each party remains independent and is free to enter into similar agreements with other entities, without any obligation to work solely with each other. This clause is essential for preventing misunderstandings about the nature of the business relationship and for ensuring that neither party is restricted from pursuing other opportunities.
POPULAR SAMPLE Copied 34 times
No Joint Venture / Non-Exclusive. Nothing contained in this Agreement shall be construed as making the parties joint venturers or, except as otherwise provided herein, as granting to either party the authority to bind or contract any obligations in the name of or on the account of the other party or to make any guarantees or warranties on behalf of the other party. Nothing in this Agreement shall restrict Cornerstone from promoting or marketing the Cornerstone Product in any lawful manner it deems appropriate, directly or through third parties.
No Joint Venture / Non-Exclusive. (a) Each party will fulfil all obligations under this Agreement as an independent contractor. Nothing in this Agreement will be deemed to constitute any party as an agent, fiduciary, legal representative, or a partner of the other party, or to create a joint venture, agency, fiduciary relationship, partnership, or any such relationship between the Parties. The obligations of each party under this Agreement are individual and neither collective nor joint in nature.
(b) This Agreement is non-exclusive and both Parties have the right to enter into similar agreements with other universities; provided, however, that each Party is prohibited from using the Confidential Information of the other outside of the Program, pursuant to the terms in this Agreement.