XLNC is a global Alliance of independent professional firms. XLNC, a company incorporated in accordance with the laws of Switzerland, operates solely as an administrative resource of the Alliance and therefore provides no legal, audit or other professional services of any type to third parties. Such services are provided solely by XLNC member firms in their respective geographic areas. XLNC and its member firms are legally distinct and separate entities. These entities are not and shall not be construed to be in the relationship of a parent firm, subsidiary, partner, joint venture, agent or a network. No member firm of XLNC has any authority (actual, apparent, implied or otherwise) to obligate or bind XLNC or any other XLNC member firm in any manner whatsoever, equally, nor does XLNC have any such authority to obligate or bind any member firm. All XLNC members are independent firms, as such they all render their services entirely on their own account (including benefit and risk), without any involvement of XLNC and/or other XLNC member firms.