Representations and Warranties clause is a contractual clause that contains factual statements and assurances about conditions relevant to the contract. Representations address current or past facts, while Warranties promise the ongoing truth or legal backing of these facts. This clause provides a basis for entering the agreement and outlines remedies for breaches.
Drafting Tip
Carefully draft what each party is guaranteeing about their status and the subject matter of the contract. Ensure accuracy to avoid breach claims.
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