The tenant shall at all times comply with the rules, regulations, terms and conditions applicable to service, equipment, wiring and requirements of the public utility supplying electricity to the building.
Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More
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US-OL9033
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FAQ
10 Key Contract Clauses You Should Know. R. Termination. Another key term, often found at the end of the contract, is the termination clause. Dispute Resolution. Merger (Integration) Clause. Governing Law. Confidentiality. Non-Compete and Non-Solicitation. Indemnification.
Related Content. A statement, which relates to a matter of fact or present intention, made during contractual negotiations, which the parties do not ordinarily intend will become a contractual term, but which may induce another party to enter into a contract.
Confidentiality. Force Majeure. Termination Triggers. Jurisdiction. Dispute Resolution. Damages. Planning. Implementation.
A representation is basically an assertion of a past or existing fact, true on the date that it is made. It is generally given to induce another party to enter into a contract. A warranty on the other hand, is similar to a representation but it refers to the present or future i.e. a present or future promise of a fact.
Covenants have been distinguished from representations because they are promises of performance in the future, in contrast to statements of the existence of a past or present fact.
Write a concise statement that illustrates exactly what purpose you want the contract clause to achieve. Write in plain English, not in "legalese." For example, "I want to prevent Company A from using its access to Company B's corporate records to steal business secrets from Company B."
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.
A representation is a statement of fact that induces a party to enter into the contract. The statement, made before or at the time of making the contract, regards a past fact or existing circumstance related to the contract which influences such party to enter the contract.
