DONEE'S ACKNOWLEDGMENTS Clause Samples
The "Donee's Acknowledgments" clause requires the recipient of a gift or donation (the donee) to formally recognize and confirm certain facts or conditions related to the gift. Typically, this may involve the donee acknowledging receipt of the gift, confirming its intended use, or affirming compliance with any legal or tax requirements. For example, a charity might acknowledge that a donation will be used for a specified purpose or that it is a qualified organization under tax law. This clause serves to provide clear documentation and assurance to the donor, helping to prevent misunderstandings and supporting the donor's ability to claim any applicable tax benefits.
DONEE'S ACKNOWLEDGMENTS. ▇▇▇▇▇ ACKNOWLEDGES THAT DONEE IS ACCEPTING THE PROPERTY SOLELY IN RELIANCE ON DONEE'S OWN INVESTIGATION, AND THE PROPERTY IS IN "AS IS, WHERE IS" CONDITION WITH ALL FAULTS AND DEFECTS, LATENT OR OTHERWISE. DONEE EXPRESSLY ACKNOWLEDGES THAT, IN CONSIDERATION OF THE AGREEMENT OF DONOR HEREIN, AND EXCEPT AS OTHERWISE SPECIFIED HEREIN, DONOR MAKES AND HAS MADE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY AS TO CONDITION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE, WITH RESPECT TO THE PROPERTY OR ANY MATTER RELATED THERETO, OR (WITHOUT LIMITATION) TO ANY OF THE FOLLOWING MATTERS:
(a) Soils, Etc. Soils, seismic, hydrological, geological and topographical conditions and configurations.