This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kentucky Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website
State:
Multi-State
Control #:
US-01815BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Agreement Regarding Representations And Warranties For Goods Purchased And To Be Re-Sold On Purchaser's Website?
If you wish to complete, download, or generate lawful document templates, utilize US Legal Forms, the largest collection of legal documents available online.
Take advantage of the site's simple and convenient search feature to find the forms you need.
Various templates for business and personal purposes are categorized by groups, states, or keywords. Use US Legal Forms to obtain the Kentucky Agreement Concerning Representations and Warranties for Goods Acquired and to be Resold on Purchaser's Website with just a few clicks.
Every legal document template you purchase is yours permanently. You have access to every form you downloaded within your account. Visit the My documents section and select a form to print or download again.
Be proactive and download, and print the Kentucky Agreement Concerning Representations and Warranties for Goods Acquired and to be Resold on Purchaser's Website with US Legal Forms. There are numerous specialized and state-specific forms you can utilize for your business or personal needs.
- If you are already a US Legal Forms user, sign in to your account and hit the Download button to get the Kentucky Agreement Concerning Representations and Warranties for Goods Acquired and to be Resold on Purchaser's Website.
- You can also access forms you have previously downloaded from the My documents section of your account.
- If you are using US Legal Forms for the first time, follow the instructions below.
- Step 1. Ensure you have selected the form for the correct city/state.
- Step 2. Use the Review option to examine the form's content. Don't forget to read the overview.
- Step 3. If you are dissatisfied with the form, use the Search area at the top of the screen to locate alternative versions of the legal document template.
- Step 4. Once you have found the form you desire, click the Get now button. Select your preferred pricing plan and enter your details to register for an account.
- Step 5. Complete the transaction. You can use your credit card or PayPal account to process the payment.
- Step 6. Choose the format of the legal form and download it to your device.
- Step 7. Complete, modify, and print or sign the Kentucky Agreement Concerning Representations and Warranties for Goods Acquired and to be Resold on Purchaser's Website.
Form popularity
FAQ
Specifically, the remedy for breach of warranty is typically some measure of expectancy damages, whereas the remedies for the tort of misrepresentation are typically rescision plus some measure of reliance or restitution damages, along with punitive damages if the misrepresentation was intentional.
Reps and warranties is a term used to describe the assertions that a buyer and/or seller makes in a purchase and sale agreement. Both parties are relying on each other to provide a true account of all information and supporting documents to close the transaction.
The key difference among these words is temporal past and present for representations; past, present, but mainly future for warranties; and mainly future for covenants. The remedies for a false representation, breach of a warranty or violation of a covenant also have differed.
A representation is an assertion as to a fact, true on the date the representation is made, that is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false.
The representations and warranties section of the Purchase Agreement is one of the most negotiated sections of any agreement between a buyer and a seller. It covers statements of fact and promises about what is sold. The seller will make several representations and warranties about the target and assets.
As a default, the remedies for a breach of a warranty are indemnification, termination (requires a material breach) or proportionate reduction of the purchase price. The purchase agreement usually will limit the remedy for breaches to indemnification.
The representations and warranties allocate risk between the parties and serve as the foundation for an indemnification claim in case of a breach or inaccuracy. A breach or inaccuracy of a representation or warranty can also provide the other party with a right to terminate or refuse to close the transaction.
A representation is an assertion of past or existing fact given by one party to induce another party to enter into an agreement. A warranty is a promise that the assertion of existing fact or future facts are or will be true, along with an implied promise of indemnity if the assertion is false.
Seller representations and warranties are not required by law but are in nearly every purchase agreement. I have had deals in which the seller representations and warranties fill less than a page and other deals in which the seller representations and warranties have filled 30 pages.
A representation is a statement of past or present fact (either express or implied) made by one party to induce the other party to enter into the agreement.