Representations and Agreements of the Purchasers Clause Samples

The "Representations and Agreements of the Purchasers" clause sets out the statements and commitments made by the buyers in a transaction. Typically, this clause requires purchasers to confirm facts such as their authority to enter into the agreement, their financial capacity, and their compliance with relevant laws or regulations. It may also include assurances that the purchasers are not relying on outside promises or that they have conducted their own due diligence. The core function of this clause is to protect the seller by ensuring that the purchasers are legally qualified and prepared to complete the transaction, thereby reducing the risk of disputes or failed closings.