Template:Nutshell 2002 ISDA Relationship Between Parties

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Relationship Between Parties: Template:Nutshell 2002 ISDA No-Reliance

(2) Assessment and Understanding. It can assess the merits and understand (with professional advice if needed), and understands and accepts the terms and risks of the Transaction and can and does assume them.
(3) Status of Parties. The other party is not advising it or acting as a fiduciary for the Transaction.