Common use of Representations and Warrants Clause in Contracts

Representations and Warrants. 3.1 Party A hereby presents and warrants the following: 3.1.1 Party A is a corporate entity lawfully incorporated and effectively existing in accordance with the laws of the PRC; 3.1.2 Party A will perform this Agreement within its corporate power and business scope; Party A has obtained necessary corporate authorization and obtained the consent and approval from third parties and government authorities, and will not violate the restrictions of the laws or contracts that are binding upon or have the influence on Party A; 3.1.3 Once signed, this Agreement will constitute a legitimate, effective, binding and enforceable legal document against Party A; 3.2 Party B hereby presents and warrants the following: 3.2.1 Party B is a corporate entity lawfully incorporated and effectively existing in accordance with the laws of the PRC; 3.2.2 Party B will sign and perform this Agreement within its corporate power and business scope; Party B has obtained necessary corporate authorization and obtained the consent and approval from third parties and government authorities, and will not violate the restrictions of the laws or contracts that are binding upon or have the influence on Party B; 3.2.3 There are no pending or possible claims, disputes, litigations, arbitrations, administrative procedures or any other legal procedures that involve Party B or will involve Party B and will deliver a serious or adverse impact on the capacity of Party B to perform this Agreement. 3.2.4 Once signed, this Agreement will constitute a legitimate, effective, binding and enforceable legal document against Party B;

Representations and Warrants. 3.1 Party A hereby presents and warrants the following: 3.1.1 Party A is a corporate entity lawfully incorporated and effectively existing in accordance with the laws of the PRC; 3.1.2 Party A will perform this Agreement within its corporate power and business scope; Party A has obtained necessary corporate authorization and obtained the consent and approval from third parties and government authorities, and will not violate the restrictions of the laws or contracts that are binding upon or have the influence on Party A; 3.1.3 Once signed, this Agreement will constitute a legitimate, effective, binding and enforceable legal document against Party A; 3.2 Party B hereby presents and warrants the following: 3.2.1 Party B is a corporate entity lawfully incorporated and effectively existing in accordance with the laws of the PRC; 3.2.2 Party B will sign and perform this Agreement within its corporate power and business scope; Party B has obtained necessary corporate authorization and obtained the consent and approval from third parties and government authorities, and will not violate the restrictions of the laws or contracts that are binding upon or have the influence on Party B; 3.2.3 There are no pending or possible claims, disputes, litigations, arbitrations, administrative procedures or any other legal procedures that involve Party B or will involve Party B and will deliver a serious or adverse impact on the capacity of Party B to perform this Agreement. 3.2.4 Once signed, this Agreement will constitute a legitimate, effective, binding and enforceable legal document against Party B;B.