Representations by Allseas Sample Clauses
The 'Representations by Allseas' clause sets out specific statements or assurances made by Allseas regarding its authority, capacity, and the accuracy of information provided in the agreement. Typically, this clause will confirm that Allseas is duly organized, has the legal right to enter into the contract, and that all relevant disclosures or documents are true and complete. By including these representations, the clause ensures that the other party can rely on Allseas' statements, thereby reducing the risk of misrepresentation and providing a basis for recourse if any of the representations prove to be false.
Representations by Allseas. Allseas represents and warrants the following:
Representations by Allseas. Allseas represents and warrants the following: (a) Capacity; Authority; Validity. Allseas has all necessary capacity, power and authority to enter into this Agreement and to perform all the obligations to be performed by Allseas' hereunder; this Agreement and the consummation by Allseas of the transactions contemplated hereby has been duly and validly authorized 3 by all necessary action of Allseas; this Agreement has been duly executed and delivered by Allseas; and assuming the due execution and delivery of this Agreement by the Company, this Agreement constitutes the legal, valid and binding obligation of the Company enforceable against Allseas in accordance with its terms. (b) No Violation of Law or Agreement. Neither the execution and delivery of this Agreement by Allseas, nor the consummation of the transactions contemplated hereby by Allseas, will violate any judgment, order, writ, decree, law, rule or regulation or agreement applicable to Allseas. Allseas is not in breach of any agreement requiring the preservation of the confidentiality of any information, client lists, trade secrets or other confidential information or any agreement not to compete or interfere with any prior employer, and that neither the execution of this Agreement nor the performance by Allseas of its obligations hereunder will conflict with, result in a breach of, or constitute a default under, any agreement to which Allseas is a party or to which Allseas may be subject. 8.