REPRESENTATIONS AND WARRANTIES OF SM ENERGY Clause Samples

The 'Representations and Warranties of SM Energy' clause sets out the specific statements of fact and assurances that SM Energy makes to the other party in the agreement. These representations typically cover matters such as SM Energy’s authority to enter into the contract, its compliance with laws, ownership of assets, and the absence of undisclosed liabilities or legal disputes. By providing these assurances, the clause allocates risk and builds trust, as it allows the other party to rely on the accuracy of SM Energy’s disclosures and provides grounds for remedies if any statements are later found to be false.