{"iri":"http://lmss.sali.org/R7WUWbLlupo51XOIT68Jiz2","id":"R7WUWbLlupo51XOIT68Jiz2","label":"Material Contracts Representation","definition":"Material Contracts Representation refers to a clause in merger and acquisition agreements where the selling party provides assurance about the status, validity, and enforceability of significant contracts to which the target entity is a party. It seeks to ensure that these critical contracts are in good standing and there are no hidden liabilities or issues that might adversely affect their value or enforceability.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/R9rCNhUCohkUGbQyd1C3uzz","id":"R9rCNhUCohkUGbQyd1C3uzz","label":"Bring-down of Representations and Warranties"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R7WUWbLlupo51XOIT68Jiz2/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}