Representations And Warranties In A Contract

The rights and obligations of parties to a contract are governed by its terms and conditions. Clauses relating to representations and warranties provided by one party to the other are common and very important. Parties should understand the meaning and context of such clauses before executing the contract. This article provides an insight into the context behind the "Representations and Warranties" clause.

Representations and Warranties

Representations and warranties are two separate and distinct legal concepts. However, these two legal concepts are often combined under a single clause heading in most, if not all, commercial contracts. It is important to note that representations and warranties differ from each other as they have their respective remedies in the event of a breach.