contractual representation

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.
Rakoff said the loans in the securitizations "pervasively breached Flagstar's contractual representations and warranties.
In the sale of a business (a "buy/sell transaction"), the seller makes contractual representations and warranties that form the basis of a buyer's purchase decision.
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.
The company has warranties and contractual representations from the company's prior management, that the company is not at risk.
RLI says the policy is a single, hybrid buy-side/sell-side form that helps mitigate the risks associated with inaccuracies or breaches in contractual representations or warranties.
CPSC staff agreed to the settlement amount and terms, which include a $325,000 suspended portion of the penalty and monthly installment payments, in reliance upon HMI's status as a small business, and its demonstration of and contractual representations regarding its inability to pay a greater penalty due to its financial condition.
MBIA Insurance Corp alleged that Credit Suisse Securities, DLJ Mortgage Capital and Select Portfolio Servicing induced it to enter into an insurance agreement and issue an insurance policy by making fraudulent statements and untrue contractual representations and warranties.