Template:Representationdescription

Revision as of 16:52, 13 May 2019 by Amwelladmin (talk | contribs)

A representation is a statement of present fact made by one party which has the effect of inducing another into entering a contract. By its nature, a representation is therefore not a term of the contract itself — it is an egg to the contract's chicken — although attorneys will gleefully add representations into the contract afterward, for good measure, and will co-brand them as warranties — being binding contractual terms — for good measure. For if your counsel is diligent enough, you may have your cake and eat it, too.

Non-contractual representations may provide relief: a false representation may entitle the party induced into the contract in reliance on it to claim under the Misrepresentation Act 1967 and rescind the contract altogether, or claim damages for negligent misstatement in tort.