Representation Business

Extracted Attributes

• Role in M&A

  Crucial for allocating risk between sellers and buyers in merger and acquisition agreements.

• Types of Statements

  Can be express (clearly stated) or implied (understood without being directly stated).

• Purpose (Transactions)

  Provides a foundation for trust and accountability in contracts by requiring accurate and relevant information disclosure, reducing the risk of disputes, and establishing transparency.

• Categories (Transactions)

  Fundamental representations (basic assurances about ownership, authority) and Non-fundamental representations (various business aspects).

• Primary Function (Transactions)

  Statements about the current status of a business or its operations to provide factual information and describe the existing state of affairs.

• Primary Function (Entertainment)

  Managing talent and facilitating deals for artists and athletes.

Jennifer Siebel Newsom

Jennifer Lynn Siebel Newsom (née Siebel; born June 19, 1974) is an American documentary filmmaker and actress who has served as the first partner of California since 2019 as the wife of Governor Gavin Newsom. She was the director, writer, and producer of the film Miss Representation (2011), which premiered in the documentary competition at the Sundance Film Festival. The film examines how the media has underrepresented women in positions of power. The Mask You Live In (2015), the second film that she wrote, produced and directed, scrutinizes American society's definition of masculinity. During her tenure as the wife of the governor, the role of first lady was retitled first partner to be gender inclusive. She was previously the state's second lady from 2011 to 2019 and first lady of San Francisco from 2008 to 2011.

Web Search Results

• Representations and Warranties Play a Crucial Role in Business ...

  Representations are statements about the current status of a business or its operations which provide factual information and fairly describe the existing state of affairs. They can cover a wide range of areas, such as the financial condition of the business, the validity of contracts, the accuracy of financial statements and the company’s compliance with applicable laws and regulations, among many other things. [...] Representations fall into two broad categories. Fundamental representations are basic assurances about a seller’s ownership of the assets or business that is being sold, as well as their authority to enter into an agreement. Non-fundamental representations relate to various aspects of the business that a buyer would want to know about. For example, in an agreement to purchase a business, the seller’s representations might include: [...] Representations and Warranties Play a Crucial Role in Business Transactions | Stradling Image 1 Representations and warranties play a crucial role in business transactions and are commonly used in merger and acquisition agreements to allocate risk between sellers and buyers.Accurate representations and reliable warranties are essential for maintaining trust and ensuring fair business transactions. Let’s break down what they mean: #### Representations

• Representation: Overview, definition, and example - Cobrief

  Representation provides a foundation for trust and accountability in contracts by requiring parties to disclose accurate and relevant information. It ensures that agreements are based on truthful statements and protects parties from entering into contracts under false pretenses. By including clear and specific representation clauses in agreements, businesses can reduce the risk of disputes, protect their interests, and establish transparency in contractual relationships. [...] Representation refers to a statement or assertion made by one party in a contract or agreement to induce the other party to enter into the agreement. These statements are typically about facts or conditions, such as the accuracy of financial statements, ownership of assets, or compliance with laws. Representations can be express (clearly stated) or implied (understood without being directly stated). [...] If a representation is found to be false, it can result in claims for misrepresentation or breach of contract, potentially leading to damages or rescission of the agreement. For businesses, accurate representations help reduce the risk of disputes and establish credibility. ### Understanding representation through an example

• Definition of Representation - Divestopedia

  A representation is a specific statement about the state of affairs of a company to be sold. This statement is made by the parties in an agreement. A representation may be made only for material matters or out of knowledge. It may include positive statements, such as details about the management team in place, or negative phrases, such as “there is no pending litigation.” The representation provides the premise upon which parties rely to close a deal. ## Divestopedia Explains Representation [...] A wide variety of statements are made in purchase and sale agreements, along with a schedule in which exceptions to the representations are listed. A buyer expects certain aspects of a firm to be in order. If this is not the case, the buyer expects to pay less to acquire the company. This is why a representation, or a statement of facts about the past, the present or the future, is made for the transaction. [...] Overall, representations serve the following purposes: If the purchase price is paid in cash, the seller also requires a representation from the buyer to assess its financial status. Share This Term Facebook LinkedIn Twitter Facebook LinkedIn Twitter #### Related Terms #### Related Reading #### Tags #### Trending Articles advisor-investment-consulting-marketing-plan_1 ##### EBITDAC: The Mother of All Add-backs pay-back-cube-with-letters-sign-with-wooden-cubes

• Company Representation: Who Can Sign Contracts for Your ...

  Representing a company vis-à-vis third parties is a central part of day-to-day business. Particularly in companies with employees, it is often not possible or useful for owners to handle all legal transactions such as contract signings, terminations, or communicating with authorities themselves. Therefore, it is necessary for certain persons to be authorised to act on behalf of the company. ## Who is authorised to represent a company? ### 1. Legal representation by corporate bodies [...] Representing a company vis-à-vis third parties is a central part of day-to-day business. Particularly in companies with employees, it is often not possible or useful for owners to handle all legal transactions such as contract signings, terminations, or communicating with authorities themselves. Therefore, it is necessary for certain persons to be authorised to act on behalf of the company. Book a meeting with a Lex Futura Team Member Back to overview Get PDF ## Where we are [...] If a representative is listed in the commercial register, their signing authority is also recorded, specifying whether they have sole or joint signing rights. Registering a representative provides legal certainty in business transactions, as third parties cannot claim ignorance of their authority. ### 3. Special Case: Prima facie authorisation – protection of legitimate expectations in business transactions

• 12 Examples of Diverse Companies - Team Building

  Salesforce makes cloud-based software to help businesses find prospects and close deals. The company has recorded an accelerated level of representation and diversity. Still, it maintains its goal of 50% of the US employees from underrepresented groups by 2023.