Glossary

No presumption

Last updated 28 June 2007

Description

A term to ensure both parties agree that the clauses and provisions within the agreement are agreed between the parties and that both parties have been involved in the drafting of the agreement.

Examples

Clause:

6.3 No Presumption.

Each Party hereto represents that it has been represented by legal counsel in connection with this Agreement and acknowledges that it has participated in the drafting hereof. In interpreting and applying the terms and provisions of this Agreement, the Parties agree that no presumption shall exist or be implied against the Party which drafted such terms and provisions.

-- License and Supply agreement between Access and Wyeth, January 2004