REPRESENTATIONS AND WARRANTIES OF EMI AND BUYER Sample Clauses

The "Representations and Warranties of EMI and Buyer" clause sets out the specific statements of fact and assurances that both EMI and the Buyer make to each other as part of the agreement. These representations typically cover matters such as each party’s authority to enter into the contract, their financial condition, compliance with laws, and the absence of undisclosed liabilities or legal disputes. By clearly outlining these assurances, the clause helps allocate risk between the parties and provides a basis for legal recourse if any of the statements prove to be false or misleading.