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contractual representation

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See: warranty


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A contractual representation is a statement made by one party (usually the supplier) to the other (the franchisor) about some matter of primary importance (e.
The transaction conditions include purchaser's financing, Burger King Corporation meeting certain performance targets during the period to closing, there being no material breach at closing of contractual representations given by Diageo, and required regulatory approval.
Under the SPA, DaimlerChrysler made contractual representations and guarantees to Bombardier, including confirmation of a level of equity of Adtranz, on the closing date of April 30, 2001.
 
 
 
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