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

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Multi-State
Control #:
US-01815BG
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Description

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.

The New York Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is a legally binding document that outlines the specific terms and conditions surrounding the sale and subsequent re-sale of goods on a purchaser's website. This agreement aims to protect both the purchaser and the seller by establishing clear guidelines and responsibilities. One type of the New York Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website pertains to the representation and warranty of the goods being sold. This section outlines the seller's obligation to provide accurate and truthful information about the goods, such as their condition, specifications, and any defects. It also lays out the purchaser's right to inspect the goods upon receipt and seek compensation or replacement if the goods do not meet the provided representations and warranties. Another type of this agreement relates to the warranty disclaimers and limitations. This section sets forth any disclaimers of implied warranties by the seller, clarifying that the purchaser is buying the goods "as is" and removing any responsibility from the seller for any faults or malfunctions that may occur after the re-sale. It may also include limitations on the purchaser's ability to seek damages or other remedies from the seller in case of disputes regarding the goods' quality or performance. Furthermore, the New York Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website may address the dispute resolution process. This section outlines the steps that both parties must follow in the event of a disagreement or conflict arising from the re-sale of the goods. It typically includes provisions for negotiation, mediation, and arbitration, specifying which party will bear the costs associated with these processes. Other aspects commonly covered in this agreement include the assignment and transferability of rights and obligations, confidentiality of any proprietary information disclosed during the transaction, and the governing law and jurisdiction that will apply to the agreement. In summary, the New York Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is a legal instrument that establishes the rules and expectations surrounding the sale and re-sale of goods on a purchaser's website. By defining representations, warranties, warranty disclaimers, dispute resolution procedures, and other relevant provisions, this agreement ensures transparency, accountability, and protection for both the purchaser and the seller.

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FAQ

Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

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.

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 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.

6.3 Non-Contravention. The execution and delivery of, and the performance of the actions contemplated by this Agreement and each Ancillary Agreement by Purchaser will not violate any applicable Law.

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.

A Business Purchase Agreement is a contract used to transfer the ownership of a business from a seller to a buyer. It includes the terms of the sale, what is or is not included in the sale price, and optional clauses and warranties to protect both the seller and the purchaser after the transaction has been completed.

Purchased Assets and Excluded Assets This can manifest in the agreement in one of two ways - the agreement can list only the assets that the buyer will choose to purchase, or an agreement can state that the buyer will purchase all the assets of the business, excluding certain listed assets.

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.

First and foremost, a purchase agreement must outline the property at stake. It should include the exact address of the property and a clear legal description. Additionally, the contract should include the identity of the seller and the buyer or buyers.

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The EU-UK Agreement respects the principles set by the European Council in April 2017,This will create new barriers to trade in goods and services, ... The identity of Buyer, the identity of the goods being purchased (theand these Terms and Conditions shall be the complete and final agreement (the ...An express warranty is a statement about the products, either oral or written intois a guarantee the product you're selling meets the buyer's purpose, ... 30-Jun-2020 ? The Procurement Manual details the UN Secretariat's (UN) procurement procedures and processes and provides further guidance for carrying out ... 09-Nov-2018 ? 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 ... Assets and shall file it with its check for the sales tax disclosed upon the return with the New York. State Sales Tax Department. (b) the Purchaser shall:. 23-Jan-2019 ? In a traditional M&A transaction, the seller (or its shareholders) agree to indemnify the buyer (subject to caps, exclusions, and time limits) ... What Should I Include in a Sales Contract? ? What Is a Sales Contract? Sometimes called a sale of goods contract, a sales agreement, or a purchase agreement ... Whether you're new to exporting or just want to learn the latest ideas andwhere buyers from around the world come to purchase U.S. goods and services. 29-Mar-2021 ? website, all of which taken together are the complete and exclusivewith respect to Buyer's purchase of ZM's Products (the ?Agreement?).

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