Representations and Warranties And Sample Clauses

The "Representations and Warranties" clause sets out the factual statements and assurances each party makes to the other at the time of entering into an agreement. These statements typically cover matters such as authority to enter the contract, ownership of assets, compliance with laws, and absence of undisclosed liabilities. By clearly outlining these assurances, the clause helps allocate risk between the parties and provides a basis for remedies if any statements are later found to be untrue.