representations and warranties
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
A set of factual statements of past or present matters by which a party induces the other to contract and which, if untrue, may give rise to a claim for misrepresentation or breach of warranty respectively.
The share purchase agreement contained extensive representations and warranties about the target company's accounts and tax affairs.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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