Terry’s law
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A vital part of pragmatic jurisprudence, neatly captured by the Latin maxim.
Covenants, representations or warranties in two flavours:
- Those by which you expect counterparties to promptly advise you of their breach of contract to you
- Those the breach of which you cannot realistically expect to ever find out about, unless the counterparty owns up to them.
See also
- Immediately, versus as soon as reasonably practicable
- Quod non potes videre, non mihi reprehendo
- Representations and warranties
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