Common use of Parties’ Relationship Clause in Contracts

Parties’ Relationship. The parties to the Agreement are independent parties. BNY Mellon, in furnishing the Services, is acting as an independent contractor. BNY Mellon has the sole right and obligation to supervise, manage, contract, direct, procure, perform or cause to be performed, all work to be performed by BNY Mellon and its employees, agents, independent contractors and other representatives under the Agreement. At no time shall any such individuals represent himself or herself as an employee of a Fund or be considered an employee of a Fund. BNY Mellon is not a joint venturer with, nor an employee, agent or partner of the Funds and has no authority to represent or bind the Funds as to any matters.

Appears in 134 contracts

Samples: Fund Accounting Agreement (T. Rowe Price Integrated Equity Funds, Inc.), Fund Accounting Agreement (T. Rowe Price Reserve Investment Funds, Inc.), Fund Accounting Agreement (T. Rowe Price State Tax-Free Funds, Inc.)

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