The undersigned acknowledges Sample Clauses
The clause titled "The undersigned acknowledges" serves to formally record that the person signing the document has read, understood, or agreed to specific terms, facts, or disclosures presented within the agreement. In practice, this clause is often used to confirm that the signer is aware of important information, such as risks, obligations, or the receipt of certain documents, and may appear in contracts, waivers, or consent forms. Its core function is to provide clear evidence that the signer has been informed and has accepted the relevant information, thereby reducing the likelihood of future disputes over whether adequate notice or disclosure was given.
The undersigned acknowledges a. That he/she has received adequate information about the Company;
b. That this subscription, if accepted by the Company, is legally binding and irrevocable;
c. That the Company has no financial and operating history;
d. That the Shares have not been registered under the Securities Act of 1 933 as amended.
e. That the representations and warranties provided in this Subscription Agreement are being relied upon by the Company as the basis for the exemption from the registration requirements of the Securities Act of 1933, and of the applicable state's securities laws.
The undersigned acknowledges that He or She has been Advised to Obtain and Maintain his or her Own Property Damage and Liability Insurance Coverage in connection with Participation in the “Artist Alley”. IT IS THE INTENTION OF EACH PERSON ENTERING THIS AGREEMENT, BY THIS INSTRUMENT, TO TAKE FULL RESPONSIBILITY FOR, AND TO EXEMPT AND RELIEVE FOUNDATION FOR ANIME AND NICHE SUBCULTURES, THE ORGANIZATION SPONSORING FANIMECON, AND ITS DIRECTORS, OFFICERS, OWNERS, OFFICIALS, AGENTS, VOLUNTEERS, STAFF, AND REPRESENTATIVES FROM LIABILITY FOR PERSONAL INJURY, PROPERTY DAMAGE OR WRONGFUL DEATH, WHETHER OR NOT CAUSED BY NEGLIGENCE.