Accuracy of information: Difference between revisions

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{{repanat|Accuracy of information|}}Somewhat at odds with the {{repprov|non-reliance}} rep — whereby a [[representor]] confirms it is not relying on anything the [[representee]] might have said to induce it to enter the contract, comes this one, where the [[representor]] has to promise that whatever information it has given is accurate and not misleading.
{{repanat|Accuracy of information|}}Somewhat at odds with the {{repprov|non-reliance}} rep — whereby a [[representor]] confirms it is not relying on anything the [[representee]] might have said to induce it to enter the contract, comes this one, where the [[representor]] has to promise that whatever information it has given is accurate and not misleading. All kinds of fun can be had with this if you are in the {{isda}} world — for derivative-minded folk we encourage you to see our lengthy and tedious page about the {{isdaprov|Accuracy of Specified Information}} under the {{isdama}}
 
{{sa}}
*[[Covered by Section 3(d) Representation]]

Latest revision as of 10:54, 22 February 2023

Representations and Warranties Anatomy™


A “typical” Accuracy of information clause:

Accuracy of information: Any information which the representor provides the representee in the course of preparing this agreement is accurate and not misleading in any material respect.

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Somewhat at odds with the non-reliance rep — whereby a representor confirms it is not relying on anything the representee might have said to induce it to enter the contract, comes this one, where the representor has to promise that whatever information it has given is accurate and not misleading. All kinds of fun can be had with this if you are in the ISDA world — for derivative-minded folk we encourage you to see our lengthy and tedious page about the Accuracy of Specified Information under the ISDA Master Agreement

See also