Representations and warranties
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Representations and warranties Start Comparison
Materiality in representations — how is it quantified (e.g., by a USD amount)?

Frequency/market practice: Fairly common; materiality qualifiers are commonly seen, but are often not quantified (other than specific warranties, e.g., contract value).

How is knowledge qualified (e.g., specific people, actual/constructive knowledge)?

Analysis: Knowledge qualifiers are common, often limited to the actual knowledge and due enquiry of a specified list of senior management.

Is a warranty that there is no materially misleading/omitted information common?

Frequency/market practice: Common.

Is disclosure of the data room common?

Frequency/market practice: Very common; market practice in Sweden is full disclosure of what has been fairly disclosed in the data room.