Waiver of Fraudulent Inducement Sample Clauses
A Waiver of Fraudulent Inducement clause is a contractual provision in which parties agree not to assert claims that they were misled or deceived into entering the agreement by fraudulent statements or omissions. In practice, this means that even if one party later alleges that the other made false representations to induce the contract, such claims are contractually barred. The core function of this clause is to provide certainty and finality to the agreement by preventing parties from later challenging the contract on the grounds of fraud in the inducement, thereby reducing the risk of litigation and disputes over pre-contractual statements.
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Waiver of Fraudulent Inducement. Neither Bank nor any affiliate of Bank has made any representation, warranty or statement to Borrower in order to induce Borrower to execute this Agreement or the other Loan Documents. Borrower hereby expressly waives any claim of fraudulent inducement to execute this agreement or the other Loan Documents and further disclaims any reliance or statements on or representations of Bank in waiving such claim.