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Accuracy of information clause: Copy, customize, and use instantly

Introduction

An accuracy of information clause ensures that all information provided in the agreement, whether by the parties or their representatives, is accurate and reliable. It typically requires each party to confirm that the information supplied is correct and complete, and it may provide for remedies or consequences if inaccurate information is found. This clause is crucial to maintaining trust between parties and ensuring that decisions based on the information are sound.

Below are templates for accuracy of information clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.

Accuracy of information clause for general representation

This variation applies when both parties are required to represent that the information provided is accurate.

The parties represent and warrant that all information provided by them in relation to this Agreement is true, complete, and accurate to the best of their knowledge. In the event that any such information is found to be inaccurate or misleading, the party responsible for providing the information shall immediately notify the other party and take necessary steps to correct the misinformation.

Accuracy of information clause with obligation to update

This variation applies when the parties have an obligation to update information provided.

Each party agrees to promptly notify the other party of any changes or updates to the information provided under this Agreement. If any information provided by either party becomes inaccurate or incomplete during the term of this Agreement, that party shall take immediate action to provide updated and accurate information.

Accuracy of information clause for pre-contractual disclosures

This variation applies when the accuracy of information is relevant prior to entering into the contract.

Each party acknowledges that they have disclosed all relevant and accurate information to the other party prior to the execution of this Agreement. Any material misrepresentation or omission discovered in the disclosed information may constitute grounds for the termination of this Agreement or other remedies as set forth herein.

Accuracy of information clause for third-party representations

This variation applies when third-party representations are involved.

The parties agree to provide accurate and complete information not only based on their own knowledge but also in reliance on information received from third parties. The party providing such information represents that it has taken reasonable steps to ensure the accuracy of the information received from third parties and is not aware of any inaccuracies.

Accuracy of information clause for breach and remedies

This variation applies when there are consequences for providing inaccurate information.

If any party provides information that is subsequently determined to be inaccurate or misleading, the party responsible for the inaccurate information shall indemnify the other party for any losses or damages resulting from the inaccuracy. In addition, the non-breaching party may terminate this Agreement upon discovery of the breach.

Accuracy of information clause for regulatory compliance

This variation applies when the accuracy of information is relevant for compliance with regulations.

Each party affirms that all information provided under this Agreement is accurate and complies with applicable laws and regulations. Should any party discover that the provided information is inaccurate or non-compliant with regulatory requirements, it will promptly notify the other party and take corrective action.

Accuracy of information clause for audit rights

This variation applies when one party has the right to audit the accuracy of information provided.

Each party agrees to maintain accurate records of all information provided under this Agreement and agrees to allow the other party, upon reasonable request, to audit such records for the purpose of verifying the accuracy of the information provided. Failure to cooperate with an audit request may result in termination or other remedies as specified in this Agreement.

Accuracy of information clause for representations regarding financial statements

This variation applies when the accuracy of financial information is critical.

Each party warrants that any financial statements or documents provided in connection with this Agreement are true, complete, and accurate to the best of their knowledge. The parties acknowledge that reliance on inaccurate financial information may result in significant consequences, and the responsible party shall be liable for any damages resulting from the use of such information.

Accuracy of information clause for data protection compliance

This variation applies when the accuracy of information is relevant for data protection.

Each party agrees that all personal data and sensitive information provided under this Agreement is accurate and in compliance with applicable data protection laws. In the event that any information is found to be inaccurate or non-compliant with data protection regulations, the party responsible shall promptly rectify the issue and ensure that all future data submissions are accurate.

Accuracy of information clause for confidential information

This variation applies when the accuracy of confidential information is a concern.

The parties agree that all confidential information shared under this Agreement will be accurate and not misleading. If any confidential information is found to be inaccurate, the disclosing party will promptly correct the information and inform the receiving party of any potential risks arising from the inaccuracy.

Accuracy of information clause for tax filings and obligations

This variation applies when the accuracy of tax-related information is critical.

Each party represents that all tax-related information provided under this Agreement, including returns, filings, and supporting documents, is true, correct, and complete. Any inaccuracies discovered in tax filings will be promptly addressed and corrected by the responsible party, who shall bear any penalties or liabilities arising from such inaccuracies.

Accuracy of information clause for intellectual property rights

This variation applies when intellectual property information is shared.

Each party affirms that all intellectual property rights and associated information provided under this Agreement are accurate and complete. Should any inaccuracies be found in the intellectual property rights provided, the party responsible will correct the inaccuracies and bear any costs arising from such corrections.

Accuracy of information clause for material changes

This variation applies when the accuracy of information is affected by material changes.

Each party agrees to inform the other of any material changes in the information provided under this Agreement. If any change materially affects the accuracy of the information, the responsible party must promptly provide the other party with updated and accurate details.

Accuracy of information clause for information provided by affiliates

This variation applies when affiliates or subsidiaries provide information.

Each party agrees that any information provided by its affiliates, subsidiaries, or representatives will be accurate and reliable. The disclosing party is responsible for ensuring that the information provided by its affiliates complies with the accuracy requirements outlined in this Agreement.

Accuracy of information clause for audit and verification by third parties

This variation applies when third-party verification of information is required.

The parties acknowledge that any information provided under this Agreement may be subject to verification by third-party auditors. Both parties agree to cooperate fully with any audit process and to provide access to the necessary documentation to verify the accuracy of the information provided.

Accuracy of information clause for false or misleading representations

This variation applies when a party makes false or misleading representations.

If any party makes false or misleading representations or provides inaccurate information under this Agreement, the responsible party will be liable for any resulting damages, including the costs incurred by the other party in rectifying the misinformation.

Accuracy of information clause for warranty of truthfulness

This variation applies when each party warrants the truthfulness of the information provided.

Each party warrants that all information provided under this Agreement is true, accurate, and complete to the best of its knowledge. If any party becomes aware of any inaccuracy or omission, it shall promptly correct such information and notify the other party of the correction.

Accuracy of information clause for representations in marketing materials

This variation applies when information in marketing materials is being provided.

The parties agree that all information contained in marketing materials related to this Agreement is accurate and truthful. Each party shall promptly correct any discrepancies or inaccuracies in the marketing materials upon discovery, and shall ensure that all public statements align with the factual content of this Agreement.

Accuracy of information clause for information given for regulatory purposes

This variation applies when providing information to regulatory authorities.

Each party agrees to ensure that all information provided to regulatory authorities under this Agreement is accurate, complete, and complies with applicable laws and regulations. In the event that any provided information is found to be incorrect or incomplete, the responsible party will take immediate corrective action.

Accuracy of information clause for financial representations

This variation applies when financial information is shared between parties.

The parties represent that all financial information, including statements, projections, and records provided under this Agreement, is accurate and reflects the true financial condition of the disclosing party. Any discrepancies or inaccuracies will be rectified immediately, and the responsible party shall bear any costs arising from such corrections.

Accuracy of information clause for reliance on third-party data

This variation applies when one party relies on third-party data.

Each party acknowledges that it may rely on third-party data in making decisions under this Agreement. The party providing the data affirms that it has taken reasonable steps to ensure the accuracy and completeness of the third-party data, and will notify the other party immediately if any inaccuracy or issue arises.

Accuracy of information clause for personal data

This variation applies when personal data is shared between parties.

The parties agree that all personal data provided in connection with this Agreement is accurate, complete, and compliant with applicable data protection laws. If any inaccuracies in the personal data are discovered, the responsible party will take corrective action and ensure that all future data submissions are accurate.

Accuracy of information clause for disclosure of risks

This variation applies when one party discloses potential risks.

The parties agree to disclose all material risks associated with their performance under this Agreement. Any information regarding risks, liabilities, or potential issues must be accurate and fully disclosed. If any risk information is found to be inaccurate or incomplete, the responsible party shall notify the other party immediately and take necessary actions.

Accuracy of information clause for annual reporting

This variation applies when annual reports are shared between parties.

Each party agrees to provide an accurate and truthful annual report regarding the status and performance of its obligations under this Agreement. The reports will be reviewed for accuracy, and any discovered errors will be corrected and communicated to the other party as soon as possible.

Accuracy of information clause for change in circumstances

This variation applies when there is a change in the circumstances that affects the provided information.

Each party agrees to inform the other party of any material changes to the information provided under this Agreement. If any changes affect the accuracy of the original information, the party responsible shall promptly update the other party and provide corrected information.

Accuracy of information clause for compliance with laws

This variation applies when compliance with laws is a factor in the accuracy of information provided.

The parties represent and warrant that all information provided under this Agreement complies with applicable laws, including regulatory and tax requirements. If any information is found to be inaccurate due to non-compliance with laws, the responsible party shall promptly correct the information and bear any associated costs.

Accuracy of information clause for health and safety information

This variation applies when health and safety information is shared.

The parties agree that all health and safety information provided under this Agreement is accurate and up to date. If any health and safety risks or data change, the responsible party must immediately inform the other party and provide updated, accurate information.

Accuracy of information clause for intellectual property disclosures

This variation applies when intellectual property information is shared.

The parties agree that all intellectual property information disclosed in relation to this Agreement is accurate, complete, and reflects the true ownership and status of the intellectual property. If any discrepancies or inaccuracies are discovered, the disclosing party will promptly notify the other party and provide updated information.

Accuracy of information clause for business representations

This variation applies when business-related information is disclosed.

Each party agrees that all business-related information, including organizational structure, key personnel, and operations, is accurate and complete. Any changes or inaccuracies in the business information will be promptly disclosed to the other party, and the responsible party will ensure all information is corrected as soon as possible.

This variation applies when legal compliance is involved in the accuracy of information.

Each party represents and warrants that all legal documents, disclosures, and representations made under this Agreement are accurate and comply with applicable laws. If any document is found to be inaccurate or non-compliant with legal requirements, the responsible party will promptly rectify the situation and notify the other party.

Accuracy of information clause for verification and audit

This variation applies when verification or auditing is necessary.

Each party agrees to allow the other party to verify the accuracy of the information provided under this Agreement. Any discrepancies discovered during the verification process will be promptly corrected by the responsible party, and the other party will be notified of any required amendments.

Accuracy of information clause for performance benchmarks

This variation applies when performance benchmarks are involved in the information provided.

The parties agree that all information related to performance benchmarks is accurate and reflective of the actual performance levels. If any performance information is found to be inaccurate, the responsible party will promptly correct the record and provide the other party with the most up-to-date and accurate data.

Accuracy of information clause for disclosure in contractual negotiations

This variation applies when information is disclosed during contractual negotiations.

The parties represent that all information provided during the negotiation of this Agreement is accurate, complete, and truthful. If any of the disclosed information is later found to be inaccurate, the party responsible will take immediate steps to correct it and will notify the other party of any necessary revisions.

This variation applies when insurance-related information is provided.

The parties agree that all information related to insurance policies, coverage, and claims provided under this Agreement is accurate and complete. If any discrepancies are found in the insurance details, the responsible party shall notify the other party immediately and provide corrected information.

Accuracy of information clause for accuracy in financial statements

This variation applies when financial statements are involved.

The parties agree that all financial statements and documents provided under this Agreement will be true, complete, and accurate to the best of each party's knowledge. Any discrepancies discovered in the statements will be rectified promptly, and the responsible party will notify the other party of the corrections made.

Accuracy of information clause for personal guarantees

This variation applies when personal guarantees are given.

The party providing a personal guarantee under this Agreement warrants that all information regarding their financial standing and assets is accurate. Should any information change that impacts the accuracy of the personal guarantee, the responsible party will promptly notify the other party and provide updated documentation.

Accuracy of information clause for environmental data

This variation applies when environmental data is provided.

The parties agree that any environmental data disclosed under this Agreement will be accurate and reflective of the current environmental conditions. In the event that new data becomes available or errors are discovered, the responsible party shall immediately update the information and inform the other party.

Accuracy of information clause for intellectual property ownership

This variation applies when information about intellectual property ownership is disclosed.

The parties represent that all information regarding intellectual property ownership, licenses, and patents provided under this Agreement is accurate and complete. If any intellectual property rights are transferred or altered, the responsible party will promptly notify the other party of the changes and provide updated information.

Accuracy of information clause for third-party reports

This variation applies when third-party reports are involved.

The parties agree to provide accurate and reliable information, including third-party reports, under this Agreement. Each party affirms that the third-party reports provided are true and have been reviewed for accuracy. Any discrepancies found in the third-party reports will be addressed promptly by the responsible party.

Accuracy of information clause for employee data

This variation applies when employee data is shared.

The parties agree that all employee data provided under this Agreement will be accurate and complete. In the event of any discrepancies or inaccuracies in the employee data, the responsible party shall correct the information and notify the other party as soon as possible.

Accuracy of information clause for product specifications

This variation applies when product specifications are shared.

The parties agree that all product specifications and technical data provided under this Agreement are accurate and reflect the actual characteristics of the products involved. Any deviations or errors in the specifications will be promptly corrected, and the responsible party will notify the other party of the changes.

Accuracy of information clause for financial projections

This variation applies when financial projections are provided.

Each party represents that any financial projections provided under this Agreement are based on the best available data and are accurate to the best of their knowledge. If the projections need to be revised due to new information, the responsible party will notify the other party and update the projections accordingly.

Accuracy of information clause for service level commitments

This variation applies when service level commitments are made.

The parties agree that all information provided regarding service levels, delivery timelines, and performance expectations under this Agreement is accurate. If any information provided changes, the responsible party shall promptly notify the other party and update the service level commitments.

This variation applies when tax-related information is provided.

The parties agree that all tax-related information, including returns, filings, and supporting documents provided under this Agreement, will be true, accurate, and complete. If any inaccuracies are discovered, the responsible party will promptly correct them and notify the other party of the revisions made.

Accuracy of information clause for regulatory filings

This variation applies when regulatory filings are involved.

Each party warrants that all regulatory filings, reports, and submissions made under this Agreement are accurate, complete, and in compliance with applicable laws. If any inaccuracies are found in the filings, the responsible party will correct the information and provide the updated filings to the relevant authorities.

Accuracy of information clause for operational reports

This variation applies when operational reports are shared.

The parties agree that all operational reports and performance metrics provided under this Agreement will be accurate and truthful. Any discrepancies discovered in the reports will be promptly rectified by the responsible party, and the other party will be notified of any changes.

This variation applies when legal compliance information is provided.

Each party represents that the information provided under this Agreement complies with all applicable laws, regulations, and standards. If any information is found to be non-compliant or inaccurate, the responsible party will promptly correct the information and take steps to ensure future compliance.

Accuracy of information clause for business representations

This variation applies when business-related representations are made.

The parties agree that all business-related information, including company structure, key personnel, and financial standing, is accurate and reflects the true status of the business. Any material changes in business operations or ownership will be disclosed to the other party as soon as they are known.

Accuracy of information clause for marketing claims

This variation applies when marketing claims are made.

The parties agree that all marketing claims and representations made under this Agreement are truthful and substantiated. If any marketing claims are found to be false or misleading, the responsible party will immediately correct the information and ensure that future marketing materials are accurate.

Accuracy of information clause for product quality

This variation applies when information regarding product quality is disclosed.

The parties agree that all information related to the quality and specifications of products provided under this Agreement is accurate and reflects the actual condition of the products. Any deviations from the stated quality or specifications will be promptly disclosed to the other party and corrected.

Accuracy of information clause for customer data

This variation applies when customer data is shared.

The parties agree that all customer data provided under this Agreement will be accurate and complete. Any discrepancies discovered in the customer data will be promptly corrected by the responsible party, and the other party will be notified of the corrections.

Accuracy of information clause for warranties and guarantees

This variation applies when warranties or guarantees are given.

The parties represent and warrant that all information regarding warranties, guarantees, and product performance provided under this Agreement is accurate and truthful. If any discrepancies in the warranties or guarantees are discovered, the responsible party will promptly correct the information and inform the other party of the updates.

Accuracy of information clause for trade secrets and proprietary information

This variation applies when trade secrets or proprietary information is shared.

The parties agree that all trade secrets and proprietary information provided under this Agreement is accurate and reflects the true nature of the information. If any errors or inaccuracies are found, the responsible party will correct the information and notify the other party promptly.

Accuracy of information clause for pre-contractual disclosures

This variation applies when information is disclosed during negotiations before the contract is signed.

The parties agree that all information disclosed during the negotiation and drafting of this Agreement is true, complete, and accurate to the best of their knowledge. If any discrepancies are discovered after execution, the responsible party will immediately correct the information and provide the other party with an updated disclosure.

Accuracy of information clause for joint venture disclosures

This variation applies when information is shared in the context of a joint venture.

The parties agree that any information provided during the formation of the joint venture, including financials, ownership structure, and intellectual property, is accurate and complete. Any material inaccuracies will be corrected as soon as they are identified, and the responsible party will notify the other party promptly.

Accuracy of information clause for compliance with industry standards

This variation applies when the accuracy of information is necessary for compliance with industry regulations.

Each party warrants that all information provided under this Agreement complies with relevant industry standards and regulations. Should any part of the information be found to be non-compliant, the responsible party shall promptly correct the issue and ensure that future disclosures meet the applicable standards.

Accuracy of information clause for technical specifications

This variation applies when technical specifications are provided under the agreement.

The parties agree that all technical specifications related to the products or services provided under this Agreement are accurate, up-to-date, and in line with industry standards. Any discrepancies discovered in the technical details will be rectified by the responsible party, and the updated specifications will be provided to the other party.

Accuracy of information clause for marketing and promotional materials

This variation applies to marketing and promotional information shared between parties.

The parties agree that all marketing, advertising, and promotional materials provided in connection with this Agreement are accurate, true, and complete. If any inaccuracies or misleading statements are discovered, the responsible party will correct the information immediately and notify the other party of the correction.

Accuracy of information clause for data integrity

This variation applies when data integrity is a key element of the information provided.

The parties agree that all data shared under this Agreement, including but not limited to financial, operational, and customer data, is accurate and complete. If any data is found to be incomplete or inaccurate, the responsible party will immediately correct the data and provide the updated version.

This variation applies when employee-related information is provided under the agreement.

The parties represent that all employee-related information provided in connection with this Agreement, including employment status, qualifications, and compensation, is accurate and complete. If any discrepancies arise regarding employee information, the responsible party shall take immediate corrective action.

This variation applies when insurance-related information is involved.

The parties agree that all insurance-related information provided under this Agreement is accurate, up-to-date, and reflects the true coverage status. If any changes or discrepancies in insurance coverage arise, the responsible party will promptly correct the information and inform the other party of any adjustments.

Accuracy of information clause for representations regarding third-party obligations

This variation applies when third-party obligations are disclosed.

Each party warrants that all representations regarding third-party obligations, including contracts, debts, and liabilities, are accurate and complete. If any third-party information is found to be incorrect, the responsible party shall promptly correct the record and notify the other party of any changes.

Accuracy of information clause for ongoing obligations to update

This variation applies when a party has an ongoing obligation to update provided information.

Each party agrees to update any information provided under this Agreement on an ongoing basis to ensure its accuracy. If any changes or inaccuracies are identified, the responsible party shall promptly provide the other party with corrected information.

This variation applies when financial reporting obligations are outlined.

The parties agree that all financial reports and statements provided under this Agreement are true, complete, and accurate. If any inaccuracies are identified in the financial reports, the responsible party will correct them immediately and provide the other party with updated reports.

Accuracy of information clause for intellectual property rights

This variation applies when intellectual property rights are shared.

The parties represent that all information regarding intellectual property rights, licenses, and ownership provided under this Agreement is accurate and complete. If any intellectual property details are found to be inaccurate, the responsible party will notify the other party and correct the information as needed.

Accuracy of information clause for financial obligations

This variation applies when financial obligations are disclosed.

The parties agree that all financial obligations, including debts, liabilities, and repayment schedules, disclosed under this Agreement are accurate and complete. If any discrepancies are discovered, the responsible party will promptly correct the information and inform the other party.

Accuracy of information clause for operational forecasts

This variation applies when operational forecasts are provided.

Each party represents that all operational forecasts and projections provided under this Agreement are based on reasonable assumptions and are accurate to the best of their knowledge. If any assumptions or data underlying the forecasts change, the responsible party will update the forecasts and notify the other party of the revisions.

Accuracy of information clause for public disclosures

This variation applies to public disclosures made under the agreement.

The parties agree that all public disclosures, including press releases, financial disclosures, and regulatory filings, will be accurate and complete. If any inaccuracies are discovered, the responsible party will immediately correct the disclosure and provide the other party with the revised version.

Accuracy of information clause for representations about the business

This variation applies to representations regarding the business itself, such as operations or performance.

The parties represent that all information related to the business’s operations, financial condition, and performance, provided in connection with this Agreement, is accurate and reflects the true state of the business. Any material inaccuracies discovered in this information will be corrected promptly by the responsible party.

Accuracy of information clause for disclosure of liabilities

This variation applies when liabilities need to be disclosed.

The parties agree that all liabilities, whether known or contingent, disclosed under this Agreement are accurate and complete. If any liabilities are found to be omitted or misrepresented, the responsible party will immediately disclose the correct information to the other party.

Accuracy of information clause for financial backing

This variation applies when financial backing or guarantees are provided.

The parties represent that any financial backing, guarantees, or funding commitments disclosed under this Agreement are accurate and true. If any financial backing details are found to be incorrect, the responsible party will notify the other party and provide corrected details.

Accuracy of information clause for tax filings

This variation applies when tax filings are provided.

Each party warrants that all tax filings, returns, and supporting documentation provided under this Agreement are true, complete, and accurate. If any tax filings are found to be inaccurate, the responsible party shall promptly correct them and notify the other party of the amendments.

Accuracy of information clause for status of existing contracts

This variation applies when information regarding existing contracts is disclosed.

The parties agree that all information regarding the status of existing contracts, including performance and obligations, is accurate and complete. If any contract terms or statuses change, the responsible party will notify the other party and provide updated information.

Accuracy of information clause for business structure

This variation applies when a party’s business structure is disclosed.

Each party agrees that all information provided regarding their business structure, including ownership interests, subsidiaries, and corporate governance, is accurate and complete. If there are any changes to the business structure, the responsible party will notify the other party immediately and provide updated information.

Accuracy of information clause for environmental compliance

This variation applies when environmental compliance information is provided.

The parties represent that all information regarding environmental compliance, including permits, certifications, and audits, is accurate and complete. If any discrepancies are found in the environmental compliance information, the responsible party will promptly correct it and inform the other party of the correction.

This variation applies when information regarding legal proceedings is disclosed.

Each party agrees that all information related to ongoing or potential legal proceedings, including lawsuits and regulatory investigations, is accurate and up to date. If any new proceedings arise or existing proceedings change, the responsible party will notify the other party and provide updated details.

Accuracy of information clause for sales projections

This variation applies when sales projections are provided.

The parties agree that all sales projections provided under this Agreement are based on reasonable assumptions and reflect the true expectations of the business. If any projections change, the responsible party will update the projections and notify the other party of the revisions.

Accuracy of information clause for product quality assurance

This variation applies when product quality information is shared.

Each party represents that all product quality assurance data and reports provided under this Agreement are accurate and reflective of the actual quality of the products. If any discrepancies in product quality are discovered, the responsible party will take corrective action and inform the other party immediately.

Accuracy of information clause for insurance coverage

This variation applies when insurance coverage details are disclosed.

The parties agree that all insurance coverage information provided under this Agreement, including types of coverage, limits, and insurers, is accurate and complete. If any discrepancies are identified in the coverage details, the responsible party shall promptly correct the information and notify the other party.

Accuracy of information clause for financial condition

This variation applies when financial condition information is provided.

Each party warrants that all information regarding their financial condition, including assets, liabilities, and equity, is accurate and truthful. If any inaccuracies are discovered in the financial condition information, the responsible party will promptly correct the information and notify the other party.

Accuracy of information clause for contractual obligations

This variation applies when contractual obligations are disclosed.

The parties agree that all information regarding the contractual obligations of each party is accurate and complete. If any obligations are omitted or misstated, the responsible party will correct the information and notify the other party of the necessary adjustments.

Accuracy of information clause for asset valuations

This variation applies when asset valuations are provided.

The parties agree that all asset valuations provided in connection with this Agreement are accurate and based on current market conditions. If any asset valuations are found to be incorrect, the responsible party will promptly correct the valuation and inform the other party of the update.

Accuracy of information clause for customer relationships

This variation applies when customer relationship information is shared.

The parties agree that all information related to customer relationships, including customer lists, contracts, and agreements, is accurate and complete. If any discrepancies are discovered in the customer information, the responsible party will update the information and notify the other party immediately.

Accuracy of information clause for supplier agreements

This variation applies when information regarding supplier agreements is provided.

Each party represents that all information related to supplier agreements, including terms, prices, and delivery schedules, is accurate and up to date. If any changes occur in the supplier agreements, the responsible party will promptly inform the other party and provide updated details.

Accuracy of information clause for credit history

This variation applies when credit history is shared.

The parties agree that all information regarding their respective credit histories, including credit scores, outstanding debts, and payment records, is accurate and complete. If any inaccuracies are found, the responsible party will promptly correct the information and notify the other party of the changes.

Accuracy of information clause for ownership interests

This variation applies when ownership interests are disclosed.

The parties agree that all information related to their ownership interests in the LLC or partnership, including percentages of ownership and voting rights, is accurate and up to date. If any changes occur in ownership interests, the responsible party will promptly update the information and notify the other party.

Accuracy of information clause for compliance with health and safety standards

This variation applies when health and safety information is disclosed.

Each party warrants that all health and safety information provided under this Agreement is accurate and in compliance with applicable laws and regulations. If any discrepancies or inaccuracies are discovered in the health and safety data, the responsible party will promptly correct the information and inform the other party.

Accuracy of information clause for real estate holdings

This variation applies when information regarding real estate holdings is shared.

The parties agree that all information provided regarding real estate holdings, including ownership, lease agreements, and valuations, is accurate and complete. If any discrepancies are identified in the real estate data, the responsible party will promptly update the information and notify the other party.

Accuracy of information clause for financial accounts

This variation applies when financial account information is provided.

The parties agree that all information related to financial accounts, including bank accounts, investment accounts, and credit lines, is accurate and reflects the true status of the accounts. Any changes or inaccuracies will be promptly corrected by the responsible party and communicated to the other party.

Accuracy of information clause for technology infrastructure

This variation applies when technology infrastructure details are provided.

Each party agrees that all information related to its technology infrastructure, including systems, hardware, and software, is accurate and up to date. If any issues or discrepancies arise regarding the technology infrastructure, the responsible party will promptly correct the information and inform the other party.

Accuracy of information clause for tax status

This variation applies when tax status information is disclosed.

The parties agree that all information provided regarding their tax status, including tax filings, liabilities, and exemptions, is accurate and complete. If any inaccuracies are discovered, the responsible party will promptly correct the information and notify the other party of the adjustments.

Accuracy of information clause for logistics and supply chain

This variation applies when logistics and supply chain information is shared.

Each party represents that all information related to logistics, including transportation, warehousing, and inventory management, is accurate and up to date. If any discrepancies or inaccuracies in the logistics information arise, the responsible party will promptly update the data and notify the other party.

Accuracy of information clause for loan documentation

This variation applies when loan documentation is provided.

The parties agree that all information related to loan agreements, including terms, interest rates, and repayment schedules, is accurate and complete. If any discrepancies are found in the loan documentation, the responsible party will immediately correct the information and inform the other party of the updates.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

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