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Commercial Awareness Discussion
The Weekly Brief: Commercial Awareness Updates
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<blockquote data-quote="Amma Usman" data-source="post: 213996" data-attributes="member: 36740"><p><strong><u>Warranties and Representations </u></strong></p><p></p><p>These are statements of fact made by one party to another, typically during contract negotiations. A representation is a factual statement made to induce a contract, while a warranty is a promise that certain facts or conditions are true. If a representation is false, it may lead to a misrepresentation claim. If a warranty is breached, it may give rise to a breach of contract claim. These terms are critical in M&A, supply, and commercial agreements, and they allocate risk between the parties.</p></blockquote><p></p>
[QUOTE="Amma Usman, post: 213996, member: 36740"] [B][U]Warranties and Representations [/U][/B] These are statements of fact made by one party to another, typically during contract negotiations. A representation is a factual statement made to induce a contract, while a warranty is a promise that certain facts or conditions are true. If a representation is false, it may lead to a misrepresentation claim. If a warranty is breached, it may give rise to a breach of contract claim. These terms are critical in M&A, supply, and commercial agreements, and they allocate risk between the parties. [/QUOTE]
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