The representations and warranties allocate risk between the parties and serve as the foundation for an indemnification claim in case of a breach or ... |
Representations and Warranties. Statements of fact or promises made by the parties, upon which the other parties rely as part of entering into the contract. |
Representations and warranties are statements of fact and assurances provided by parties in a legal contract. They are used to affirm that certain conditions or ... |
Each of the representations and warranties of the Company contained in Section2 shall be true and accurate in all material respects on and as of the Closing. |
Representations and warranties are essential provisions in commercial contracts as they establish trust and provide assurances to the relying party. Careful ... |
Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct at and as of such Closing ... |
This clause states the seller's fundamental representations and general warranties in the agreement. It may include general indemnification provisions and ... |
These representations and warranties clauses are for use in a commercial contract and serve to fill the built-in information gap between the parties. |
25 февр. 2021 г. · A warranty is a promise that an assertion or condition is true, and it indemnifies the other party in the event the assertion or condition is false. |
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