{"iri":"https://folio.openlegalstandard.org/R7WUWbLlupo51XOIT68Jiz2","label":"Material Contracts Representation","sub_class_of":["https://folio.openlegalstandard.org/R9rCNhUCohkUGbQyd1C3uzz"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"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.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}