Separate Identities Clause Samples
The Separate Identities clause establishes that each party to an agreement is treated as a distinct legal entity, independent from any affiliates, subsidiaries, or related companies. In practice, this means that obligations, rights, and liabilities under the contract apply solely to the named parties and do not extend to their parent or sister companies. This clause is essential for clarifying the scope of responsibility and preventing unintended legal exposure of related entities, thereby ensuring that only the contracting parties are held accountable for performance or breaches.
Separate Identities. PARTIES and AMM expressly agree that this present contract will be considered as subscribed and valid for all legal purposes that may arise even same be signed in separate by each, and the consent and the corresponding granting will simply be acknowledged per means of the reception of any electronic means of an ordinary copy of the instrument duly signed without impairment that afterwards it be integrated as one single copy with the autograph signature of the PARTIES and AMM for formality purposes.
Separate Identities. Guarantor and Borrower are separate and distinct entities with no identity of interest with respect to any Primary Indebtedness which may become owed or any payments which may be made hereunder. Borrower is not contractually bound to Guarantor with respect to any payments hereafter made under this Guaranty in any manner which would have the effect of imputing the liability of Guarantor hereunder to Borrower.
Separate Identities. Each Party shall retain its own separate identity and shall have separate sales, pricing and marketing functions. Maersk Sealand shall issue its own bills of lading. The Parties will not discuss rates charged to each Party’s respective customers.