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Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website

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US-01815BG
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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.

Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is a legal contract that outlines the terms and conditions between the buyer and seller when it comes to the representation and warranty of goods purchased for resale on the purchaser's website. This agreement ensures transparency and clarity in the transaction process, protecting both parties involved. The Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website covers crucial aspects such as: 1. Description of Goods: The agreement details the specific goods being purchased and resold on the purchaser's website, including their quantity, quality, characteristics, and any unique specifications. 2. Representations: The seller makes certain representations about the goods being sold, assuring the buyer about the accuracy, authenticity, and condition of the products. This section typically includes statements regarding the origin, quality, and compliance of the goods with applicable laws and regulations. 3. Warranties: The agreement outlines the warranties provided by the seller to the buyer. These warranties may cover various aspects, including the performance, durability, and functionality of the goods. It ensures that the goods meet the stated specifications and are free from defects. 4. Disclaimer of Other Warranties: This section clarifies that any other warranties not explicitly mentioned in the agreement are disclaimed. It protects the seller from any implied warranties that may exist under Arkansas law. 5. Indemnification: The agreement includes provisions for indemnification, whereby the seller agrees to compensate the buyer for any damages, losses, or liabilities arising from misrepresentation or breach of warranty by the seller. 6. Limitation of Liability: This clause limits the maximum liability of the seller in case of any dispute or claims arising from the sale and resale of the goods. It helps establish a fair and reasonable limit on potential damages. Types of Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website may include: 1. Specific Product Agreement: This type of agreement is tailored for a specific product or category of goods, providing detailed representations and warranties specific to those goods. 2. General Merchandise Agreement: This agreement covers a wide range of goods purchased for resale on the purchaser's website. It outlines general representations and warranties applicable to multiple products. 3. Exclusive Supplier Agreement: This type of agreement establishes an exclusive supplier relationship between the buyer and seller, whereby the seller becomes the sole provider of the goods for the purchaser's website. 4. Limited Warranty Agreement: In this variation, the seller provides limited warranties for the goods, specifying the duration, coverage, and terms of the warranty. It is important to consult with legal professionals or seek specialized advice while drafting or entering into any Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website to ensure compliance with Arkansas state laws and to protect the rights and interests of all parties involved.

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FAQ

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.

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.

Representations and warranties are assertions or assurances given by the parties to the agreement. While most purchase agreements contain representations and warranties from seller and buyer, the seller representations and warranties typically are the most extensive and more important.

In most commercial real estate purchase and sale agreements, both purchasers and sellers make standard representations and warranties to each other. These representations and warranties are statements of fact and assurances made by the parties within a purchase and sale agreement.

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.

Definition of representation 1 : one that represents: such as. a : an artistic likeness or image. b(1) : a statement or account made to influence opinion or action. (2) : an incidental or collateral statement of fact on the faith of which a contract is entered into.

A covenant is a promise. Unlike both representations and warranties, covenants don't include statements of fact. Covenants also focus on the future. They aren't concerned about what happened in the past or what is happening in the present.

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.

The purpose of representations and warranties is to disclose information between the two parties. Those given by the seller in a business contract tend to be more extensive because they could include information about stocks, liabilities, assets, and any target companies involved in the transaction.

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.

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Fannie Mae makes no representation or warranty regarding any of theagreement in the individual loan file (and at its option, the. Provisions regarding environmental issues, any pending condemnation proceedings, or the condition of personal property contained within the purchaser's contract ...By RA McEowen ? that a farmer breached an express warranty in an oral contract for the sale of hard red spring wheat to be resold by the buyer to other farmers for seeding ... It's important to understand the different types of coverage (builder warranty versus home warranty or service contract), what they cover, how to make a ... WARRANTY. Priority Wire warrants that, unless otherwise agreed in writing and signed by Priority Wire and purchaser, all products sold to purchaser (?Products?) ... Drafting a bill of sale is a legally binding document that may provide evidence of the sale of your personal property. Learn more. To the sale and marketing of goods purchased for re-sale. This technical distinction can have practical consequences. Legal, equitable, and express contractual ...19 pagesMissing: Arkansas ? Must include: Arkansas to the sale and marketing of goods purchased for re-sale. This technical distinction can have practical consequences. Legal, equitable, and express contractual ... Products? means the equipment, parts, materials, supplies, and other goods Seller has agreed to supply to Buyer under the Contract. ?Seller? means the entity ... By SJ Burnham · 1986 · Cited by 4 ? purchased about half of these cars from dealers and half from pri- vate parties.3 Thewarranties otherwise implied in a sales contract by state law.' By. ?As Is? Disclaimer Does Not Apply to the Warranty of Good Title; 5.Used car installment sales or other purchase agreements frequently ...

Analysis Warranty Terms What does 'Warranty' really mean? What is not covered by warranty What is covered in our warranty? Terms of Warranty. What is covered by Consumer Warranty? Warranties covered are your products, including parts, labor, consumables, accessories and services. Not covered are third party repairs or alterations except parts made necessary to the use or ability of these products. What is not covered In general, Warranties do not cover defects in materials or workmanship. This includes damage caused by: The misuse or abuse of the Product, The negligence of an employee, The use or inability of the Owner and its officers, trustees, or employees to handle or maintain this Product, The criminal conduct of any person resulting from the use or inability to use this Product, or The acts or circumstances of any government. The ownership of this Product belongs to the Owner and is the exclusive remedy for claims based on a defect.

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Arkansas Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website