Not an Entity Sample Clauses
The "Not an Entity" clause clarifies that a particular party or group referenced in the agreement is not considered a separate legal entity. In practice, this means that the named party does not have independent legal standing, cannot enter into contracts, or be sued in its own name; for example, a joint venture or partnership may be described as "not an entity" to emphasize that it is simply a collaboration between its members. This clause helps prevent confusion or misinterpretation regarding legal responsibilities and liabilities, ensuring that only the actual legal entities involved are held accountable under the agreement.
POPULAR SAMPLE Copied 1 times
Not an Entity. Nothing contained herein will constitute the Sponsor and/or Soliciting Dealer or any of them an association, partnership, limited liability company, unincorporated business or other separate entity.
Not an Entity. Nothing contained herein will constitute the Distributor and Ameriprise Financial an association, partnership, limited liability company, unincorporated business or other separate entity.
Not an Entity. Nothing contained herein will constitute Seller and/or Managing Dealer or either of them an association, partnership, limited liability company, unincorporated business or other separate entity.
Not an Entity. Nothing contained herein will constitute the MBD and/or Wholesaling Dealer or either of them an association, partnership, limited liability company, unincorporated business, or other separate entity.