FOLIO Ontology

Product Liability Representation

IRI:
https://folio.openlegalstandard.org/R8moeCg3i0lZQ5CEjooCIAY
Preferred Label N/A
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Definition

Product Liability Representation is a clause in merger and acquisition agreements where the selling party attests to the absence of product defects or claims arising from sold or distributed products of the target company. It serves to protect the buyer from potential undisclosed liabilities or claims related to product malfunctions, damages, or injuries that may arise after the acquisition.

Class Relationships

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Additional Information

Metadata

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Description

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Editorial Information

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Editorial Note

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Identifier

N/A

Deprecated

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Source and Origin

No source or origin information available