Common use of ACKNOWLEDGEMENT AND DECLARATION Clause in Contracts

ACKNOWLEDGEMENT AND DECLARATION. The Applicant acknowledges: (a) that he/she understands this Performance Agreement and that he/she has obtained independent legal advice, consulted with advisors and/or translation services to the extent necessary; (b) that he/she fully understands the terms and provisions of the Agreement and the nature and effect of the obligations of the Applicant under the Agreement, including the possible consequences if the Applicant fails or neglects to perform such obligations; and (c) that the Applicant is entering into the Agreement and undertaking the obligations under the Agreement freely and voluntarily without pressure or influence, or the fear thereof, from or by any person.