Factual accuracy Clause Samples
The 'Factual accuracy' clause requires that all statements, representations, or information provided under the agreement must be true, correct, and not misleading. In practice, this means that parties are obligated to verify the accuracy of any data, claims, or disclosures they make, such as financial figures, product specifications, or background information. This clause helps ensure that decisions and obligations are based on reliable information, reducing the risk of disputes or losses arising from false or inaccurate statements.
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Factual accuracy. 5.1 Content must not be untrue, false, inaccurate or misleading.
5.2 Statements of fact contained in Content and relating to persons (legal or natural) must be true; and statements of opinion contained in Content and relating to persons (legal or natural) must be reasonable, be honestly held and indicate the basis of the opinion.