Common use of Independent Advice of Counsel Clause in Contracts

Independent Advice of Counsel. THE PARTIES REPRESENT AND DECLARE THAT, IN EXECUTING THIS AGREEMENT, THEY RELIED SOLELY UPON THEIR OWN JUDGMENT, BELIEF AND KNOWLEDGE, AND HAD THE ABILITY TO SEEK THE ADVICE OF THEIR OWN INDEPENDENTLY SELECTED COUNSEL CONCERNING THE NATURE, EXTENT AND DURATION OF THEIR DUTIES AND RIGHTS CONTAINED IN THIS AGREEMENT. THE PARTIES FURTHER REPRESENT AND AGREE THAT THEY HAVE NOT BEEN INFLUENCED BY ANY REPRESENTATIONS OR STATEMENTS CONCERNING ANY MATTERS MADE BY ANY OTHER PARTY OR BY ANY PERSON OR ATTORNEY REPRESENTING ANY OTHER PARTY.

Appears in 4 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Sonic Jet Performance), Convertible Preferred Stock Purchase Agreement (Sonic Jet Performance), Convertible Preferred Stock Purchase Agreement (Flexxtech Corp)

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