Template:Absence of litigation: Difference between revisions

Look, if your [[counterparty]] is banged up in court proceedings so awful to behold that an adverse finding might bankrupt it altogether, and your [[Credit department|credit sanctioning team]] hasn’t got wind of it independently then, friend, you have way, way bigger problems than whether you have this feeble covenant in your docs. And, if you are only catching it at all thanks to a carelessly given [[absence of litigation]] rep, by the time said {{tag|litigation}} makes itself known to you<ref>Judgment day, in other words.</ref> ''won’t it be a bit late''?  

Ah, you might say, but what about the [[deemed repetition]] of this representation? Doesn’t that change everything?

All that said, and probably for all of the above reasons, parties tend not to care less about this representation too vehemently, so your practical course is most likely to leave it where you find it.