Common use of Declarations and Warranties Clause in Contracts

Declarations and Warranties. 6.1. The parties declare and guarantee that the following declarations and guarantees are and will continue to be valid, accurate and producing legal effects throughout the term of this Contract: a) Each Party is a trading company validly organised, registered and operating legally, in accordance with the laws of the home state; b) Neither Party has terminated or suspended the payment of its debts or has not become unable to pay the debts or is not subject to a bankruptcy, liquidation or insolvency procedure; c) This Contract establishes legal and valid rights and obligations for each Party, the Parties expressing their free and serious agreement to conclude this Agreement, with the intention of assuming the rights and obligations provided in it and executing all the contractual provisions; d) The signing and execution of this Contract is the capacity and competence of each Party, which has been legally authorised in this respect and do not contravene any legal provisions or any constituent document of the Parties; e) The parties have all the information and data that they have considered necessary and sufficient regarding the obligations assumed by this Contract and know the legal provisions regarding the benefits arising from it; f) By signing this Agreement, the parties confirms that they have understood and accepts each and every contractual provision, which considers to be clear, intelligible and equitable; g) The Parties assume the risk of error regarding the additional information and data which they have not investigated or requested from the other Party and which were not required to be provided to the other Party; h) The information and documents made available to the other Party in order to conclude and execute this Contract are correct, complete and valid and correspond to the reality of law andfact.

Declarations and Warranties. 6.1. The parties declare and guarantee that the following declarations and guarantees are and will continue to be valid, accurate and producing legal effects throughout the term of this Contract: a) Each Party is a trading company validly organised, registered and operating legally, in accordance with the laws of the home state; b) Neither Party has terminated or suspended the payment of its debts or debts, has not become unable to pay the debts or debts, is not subject to a bankruptcy, liquidation or insolvency procedure; c) This Contract establishes legal and valid rights and obligations for each Party, the Parties expressing their free and serious agreement to conclude this Agreement, with the intention of assuming the rights and obligations provided in it and executing all the contractual provisions; d) The signing and execution of this Contract is the capacity and competence of each Party, which has been legally authorised in this respect and do not contravene any legal provisions or any constituent document of the Parties; e) The parties have all the information and data that they have considered necessary and sufficient regarding the obligations assumed by this Contract and know the legal provisions regarding the benefits arising from it; f) By signing this Agreement, the parties Consumer confirms that they have he has understood and accepts each and every contractual provision, which he considers to be clear, intelligible and equitable; g) The Parties assume the risk of error regarding the additional information and data which they have not investigated or requested from the other Party and which were not required to be provided to the other Party; h) The information and documents made available to the other Party in order to conclude and concludeand execute this Contract are correct, complete and valid and correspond to the reality of law andfactand fact.