Buyer’s Acknowledgement Clause Samples
The Buyer's Acknowledgement clause serves to confirm that the buyer has received, reviewed, and understood specific information or documents related to the transaction. Typically, this clause requires the buyer to acknowledge items such as disclosures, inspection reports, or contractual terms before finalizing the agreement. By obtaining the buyer's formal recognition, the clause helps prevent disputes over whether the buyer was properly informed, thereby ensuring transparency and reducing the risk of future misunderstandings.
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Buyer’s Acknowledgement. Buyer acknowledges that Buyer was and is responsible for making a thorough inspection of the Property at its own expense, as well as thoroughly researching any information available about the Property and its surroundings prior to the auction and prior to the date of this Agreement. Prior to bidding at auction, Buyer acknowledges that Buyer or its designee was afforded the right to have an inspection(s) of the physical condition of the Property at Buyer’s expense. This Agreement is NOT contingent upon an inspection by Buyer. Buyer has satisfied itself as to the condition of the Property, and no further inspections shall impact Buyer’s duty at Closing. Buyer is purchasing the Property on an “AS IS” basis without any warranties, express or implied, from Seller. Seller will not make any repair or improvement to the Property, if any. Buyer further acknowledges that Buyer is not relying upon any statement or representation by Seller or by any broker(s) or any other representatives or contractors of Seller which are not expressly set forth in this Agreement. BUYER ACKNOWLEDGES AND AGREES THAT BUYER HAS BEEN INFORMED AND UNDERSTANDS THAT SELLER MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO ANY ASPECT, IMPROVEMENT, FIXTURE OR CONDITION OF THE PROPERTY OR THE INCLUSIONS, INCLUDING, WITHOUT LIMITATION, THE EXISTENCE OF HAZARDOUS WASTE OR MATERIALS THEREON, OR THE SUITABILITY OF THE PROPERTY FOR BUYER’S INTENDED USE, TO BUYER BEYOND THOSE EXPRESSLY PROVIDED IN THIS AGREEMENT. Buyer acknowledges that Seller has made no representation of any material fact concerning the Property beyond those expressly provided in this Agreement, that Buyer has had an adequate opportunity to inspect and investigate the Property; and, that Buyer has made a thorough independent examination and inspection of the Property, and is relying solely upon its own examination and inspection thereof. Buyer acknowledges that Seller has made no representation or warranty as to whether there exist any lead-based paint, mold and/or other micro- organisms that may exist upon the Property. Buyer further acknowledges that Seller (including Seller’s employees, agents, brokers, and contractors), has made no representation or warranty as to whether the boundary lines of the Property are accurate, nor any representation as to acreage or the number of square feet or frontage of the Property. Buyer acknowledges that any reference to square footage or acreage of the Property is intende...
Buyer’s Acknowledgement a. Buyer represents that Buyer has not signed a written brokerage agreement currently in force with another Broker.
b. Buyer is not relying on Broker to determine the suitability of any desired property for the Buyer’s purposes or regarding the environmental or other condition of the desired property. Broker shall not be obligated to discover latent defects in the desired property or to advise on matters outside of the scope of his/her real estate license. Broker does not make any representation or warranty with respect to the advisability of, or the legal effect of, any transaction contemplated by Buyer. Broker shall cooperate fully with any legal counsel of Buyer’s choice. Broker is not an expert in matters relating to law, tax, financing, surveying, structural condition, hazardous materials, engineering or other highly specialized areas. Broker hereby advises Buyer to seek professional advice relating to these matters.
Buyer’s Acknowledgement. The Buyer acknowledges and agrees that:
(a) the purchase of the Shares (and the resultant acquisition of the Assets and Business) and the investment in the ownership of mining assets is highly speculative and subject to substantial risks and the Buyer is capable of bearing the high degree of economic risk and burdens which the purchase and ownership of the Group may entail;
(b) in entering into this agreement and in proceeding to Completion, the Buyer does not rely on any statement, representation, warranty, condition, forecast or other conduct which may have been made by or on behalf of the Seller, except the Warranties;
(c) it has received and understood the contents of the Disclosure Letter;
(d) it has had the opportunity to conduct a due diligence and has satisfied itself in relation to matters arising from the Due Diligence;
(e) it has independently and without the benefit of any inducement, representations or warranty (other than the Warranties) from the Seller or its Representatives determined to enter into this agreement;
(f) the disclosures regarding the Group (including, the information, forecasts and statements of intent contained in material provided to the Buyer and made in management presentations) are accepted by the Buyer and that neither the Seller nor any of its Representatives has made or makes any representation or warranty as to the accuracy or completeness of those disclosures or that information, and in particular no representation or warranty is given relating to:
(i) the resources and/or reserves within any Tenements or the prospectivity of any Tenements;
(ii) the future costs and profits or losses resulting from such activities;
(iii) the likely costs of or returns from the Assets owned by any Group Member;
(iv) the economic viability of any Assets owned by any Group Member or the prospects for the successful development of any Tenements;
(v) any geological, geophysical, engineering, economic or other interpretations, forecasts or evaluations; or
(vi) the future environmental or rehabilitation obligation or liabilities in respect of the Assets owned by any Group Member;
(g) neither the Seller nor any of its Representatives:
(i) accepts any duty of care in relation to the Buyer in respect of any disclosure or the provision of any information referred to in clause 8.4(f) (“Buyer’s acknowledgment”); or
(ii) is to be liable to the Buyer if, for whatever reason, any such information is or becomes inaccurate, incomplete or misleading in...
Buyer’s Acknowledgement. The Buyer acknowledges that:
(a) the Buyer received and signed the Disclosure Statement before signing this contract; and
(b) the Disclosure Statement forms part of this contract.
Buyer’s Acknowledgement. The buyer must initial and sign the Lead Disclosure/Warning Statement, acknowledging that the buyer received copies of all information about lead-based paint and lead-based paint hazards. The buyer must also acknowledge receiving a pamphlet titled “Protect Your Family from Lead in Your Home.” 31.
Buyer’s Acknowledgement. The Buyer acknowledges that:
(a) the Land is part of the Estate and as such is subject to the Covenants; and
(b) the Buyer is bound by the Covenants and is solely responsible for all costs incurred by the Seller in the enforcement or attempted enforcement of the Covenants. The Buyer will be subject to legal action for rectification costs, damages, legal costs (on a full indemnity basis), and other liability for any breach of the Covenants.
Buyer’s Acknowledgement. Buyer acknowledges Seller has disclosed the Norway Contamination, the Green Bay Contamination, the Norway Voluntary Disclosure Response and the Norway Condenser Unit Replacement. The Buyer further acknowledges that the Norway Contamination Liability, for purposes of this Agreement, including Seller’s obligations to Buyer in Sections 6.12(a) and 6.12(b), is satisfied or otherwise extinguished at the ▇▇▇▇ ▇▇▇▇▇▇ achieves Norway Contamination Closure. The Buyer further acknowledges that the Green Bay Contamination Liability, for purposes of this Agreement including Seller’s obligations to Buyer in Sections 6.12(a) and 6.12(c), is satisfied or otherwise extinguished at the ▇▇▇▇ ▇▇▇▇▇▇ achieves Green Bay Contamination Closure. The Buyer further acknowledges that the Norway Voluntary Disclosure Response Liability as to each such violation or potential violation described therein, for purposes of this Agreement including Seller’s obligations to Buyer, is satisfied or otherwise extinguished (a) upon the earlier of either the scheduled implementation date for the response strategy for said violation or potential violation or the completion of implementation of the response strategy for said violation or potential violation by Buyer or Seller, and (b) for the following numbered items on the Norway Voluntary Disclosure Response, the following dates shall satisfy or otherwise extinguish all such Liability under this Agreement including Seller’s obligations to Buyer for said violations or potential violations: item 4.1, November 15, 2005; item 4.5, Closing Date; item 4.6, July 1, 2005; and item 4.8, July 1, 2005. The Buyer further acknowledges that the Norway Condenser Unit Replacement Liability is satisfied or otherwise extinguished upon the earlier of either the scheduled replacement or repair date or the replacement or repair of the condenser unit by Buyer.
Buyer’s Acknowledgement. □ The prospective buyer acknowledges that he/she has been informed that professional expertise and/or technical skill and knowledge may be required to detect defects in, and non-compliance aspects concerning, the property.
Buyer’s Acknowledgement. In the event that ▇▇▇▇▇ has chosen not to use Lennar Mortgage or one of Seller’s approved lenders named on the Approved Lender Addendum for the purchase of the Home, Buyer acknowledges and agrees that, by doing so, circumstances may occur that are beyond Seller’s control and could delay the closing date. Pursuant to the Agreement, ▇▇▇▇▇ is contractually obligated to close on the Home when it is complete. However, if ▇▇▇▇▇ is unable to close on the Home by the date required under the Agreement, Seller shall have the right to exercise any of its rights and remedies as set forth in the Agreement.
Buyer’s Acknowledgement. I/WeagreetopurchasetheProperty ontheterms andconditionsstated herein, including but not limited to the conditions set forth in Paragraph 16 of this Agreement relating to the approval of this sale-purchase transaction by the Alaska Railroad Corporation (“ARRC” or “Seller”) Board of Directors and, if necessary, by the Alaska Legislature. I/We understand that this Offer to purchase, upon Offer Acceptance, becomes an agreement and a legally binding contract. This Offer is valid until 6:00 p.m. Alaska Time (AT) on . Receipt of a copy of this Agreement is hereby acknowledged. BUYER DATE/TIME BUYER DATE/TIME