FOLIO Ontology

Exploring the Federated Open Legal Information Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R8moeCg3i0lZQ5CEjooCIAY
Label Product Liability Representation
Preferred Label N/A
Identifier N/A
Alternative Labels

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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

Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available