PREVIOUS RELATIONSHIP Clause Samples

The "Previous Relationship" clause defines the status and relevance of any prior dealings or agreements between the parties before entering into the current contract. Typically, this clause clarifies whether earlier contracts, negotiations, or understandings are superseded by the new agreement, or if any obligations from past relationships remain in effect. By explicitly addressing the impact of previous interactions, the clause ensures that both parties have a clear understanding of their rights and responsibilities, thereby preventing disputes over conflicting or overlapping commitments.
PREVIOUS RELATIONSHIP. The entity or I have, previous to this investment and excluding the relationship of shareholders, engaged the financial service of or otherwise established a relationship with the Company or with an individual know by me to be now acting as a representative of the Company: [ ] Yes [ ] No