Representations & Warranties
Statements of fact each party stands behind when signing.
What it means
Representations and warranties ('reps and warranties') are statements of fact a party makes in a contract and stands behind — that it is properly licensed, that its financials are accurate, that it owns what it is selling. A representation is a statement of existing fact the other side relies on in signing; a warranty is a promise that the statement is and will remain true. If one turns out to be false, the other party may have claims for misrepresentation or breach.
Why it matters before you sign
Every 'rep' you sign is a fact you are personally vouching for — check that each one is actually true for you on the day you sign, not just usually true.
In a contract, it looks like this
The seller represents and warrants that it has good title to the equipment and that no litigation is pending against it.
This definition is a general, educational explanation — not legal advice. XOsign provides AI-assisted document tools and does not provide legal advice; consider consulting a qualified attorney for guidance on your specific situation. Requirements vary by state.
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