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

State:
Multi-State
County:
Franklin
Control #:
US-01815BG
Format:
Word; 
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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 Franklin Ohio Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is a legal document that outlines the terms and conditions by which goods are purchased and subsequently re-sold on a website belonging to the purchaser. This agreement aims to provide clarity and protection for all parties involved in the transaction. In basic terms, the agreement sets forth the representations and warranties made by the seller regarding the goods being sold. It ensures that the goods are accurately described, meet certain quality standards, and are free from any defects or legal issues. The purchaser relies on these representations and warranties when deciding to purchase and re-sell the goods on their website. The Franklin Ohio Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website can have variations or subtypes depending on specific circumstances. Some examples include: 1. Buyer-Seller Agreement: This type of agreement outlines the responsibilities and obligations of both the buyer and seller in relation to the goods being purchased and re-sold. It covers aspects such as the condition of the goods, payment terms, delivery arrangements, and dispute resolution mechanisms. 2. Limited Warranty Agreement: This type of agreement specifies the extent of the seller's warranty and limits their liability for any defects or issues with the goods. It may outline the duration of the warranty, the remedies available to the purchaser, and any exclusions or limitations to the warranty. 3. Indemnification Agreement: This type of agreement provides indemnification to the purchaser against any losses, damages, or liabilities arising from the goods and their re-sale. It ensures that the seller takes responsibility for any legal claims, intellectual property infringement, or other issues related to the goods. 4. Return and Refund Policy: This type of agreement establishes the terms and conditions under which the purchaser can return or get a refund for the goods purchased and re-sold on their website. It covers aspects such as the time frame for returns, acceptable reasons for return, condition requirements for a refund, and any associated restocking fees. 5. Dispute Resolution Agreement: This type of agreement lays out the process for resolving any disputes that may arise between the buyer and seller concerning the representation and warranty of the goods. It may specify whether arbitration, mediation, or litigation is the chosen method for resolving conflicts. In conclusion, the Franklin Ohio Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is an important legal document that protects the interests of both the buyer and seller. It ensures that the goods are accurately represented, meet certain quality standards, and provides mechanisms for resolving disputes and handling returns.

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FAQ

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.

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.

What are Reps and Warranties? Reps and warranties refer to statements of fact that a seller makes as part of trying to persuade a buyer to purchase their business. Each of the parties in the transaction relies on the other to provide true information about the transaction.

Most purchase agreements are contingent upon a satisfactory home inspection and mortgage financing approval. There are other types of contingencies as well, in addition to the most common ones mentioned above. Buyers should use a "market-minded" approach when adding these items to their contracts.

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 purchase agreement must detail the property to be sold, identifying the exact address and including the property's legal description as contained in official records of the local jurisdiction. Additionally, the identity of the seller (or sellers) and the buyer (or buyers) must be noted.

As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.

The representations and warranties allocate risk between the parties and serve as the foundation for an indemnification claim in case of a breach or inaccuracy. A breach or inaccuracy of a representation or warranty can also provide the other party with a right to terminate or refuse to close the transaction.

A purchase agreement is a type of contract that outlines terms and conditions related to the sale of goods. As a legally binding contract between buyer and seller, the agreements typically relate to buying and selling goods rather than services. They cover transactions for nearly any type of product.

Fundamental representations and warranties are defined in the purchase agreement for issues that are so material that the buyer would not have agreed to the transaction if the statements were false. These are not limited by the cap and basket.

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(a) Original Limited Equity Home Ownership Program Declaration of Restrictions for For-Sale Affordable. 5.9.4 Consumer attitudes and behaviour regarding online purchases .888 Auctions reserves the right not to sell any lot arising from conflicts in clerking or for any other reason. View details, map and photos of this retail property with 0 bedrooms and 0 total baths.

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