Common use of Warranties of the Parties Clause in Contracts

Warranties of the Parties. Both parties represent, warrant and agree that: (a) they have the right, power and authority to enter into and perform their respective Obligations in accordance with these Terms & Conditions; (b) all corporate and other necessary action has been taken by each of them to authorise the signing and performance of these Terms & Conditions; and (c) each Supply Agreement is valid and legally binding on them in accordance with these Terms & Conditions.