Common use of GUARANTEES OF THE PARTIES Clause in Contracts

GUARANTEES OF THE PARTIES. 2.1. The seller guarantees that the Share alienated by him is fully paid, not sold, not mortgaged in a dispute, is not under prohibition (arrest) and is not burdened with any other rights of third parties. The seller confirms that he has completed all the procedures provided by the LLC's Charter and legislation relating to the conclusion of this contract and the alienation of the Share.