Common use of Knowledge Qualifier Clause in Contracts

Knowledge Qualifier. The representations can be limited to the knowledge of the seller instead of to the absolute veracity of facts. To be sure, such limitation may place a burden of proof on the buyer to prove the seller’s state of knowledge; however, the mere listing of representations should prompt disclosures on the part of the seller before the contract is executed.

Appears in 2 contracts

Sources: Purchase Agreement, Purchase Agreement