Representation False Sample Clauses

The 'Representation False' clause establishes that if any statements or assurances made by a party are found to be untrue, this may have legal consequences under the agreement. In practice, this clause applies to representations made during contract negotiations or within the contract itself, such as claims about a company's financial status or ownership of assets. Its core function is to protect parties from entering into agreements based on false or misleading information, thereby allocating risk and providing a basis for remedies if misrepresentations are discovered.