How is Accuracy of Information defined in a legal contract?
- Accuracy of Information means all the factual data, whether previously or at the same time provided in writing to the concerned authority for the purpose of this warranty or any related dealings, is, and any other such documented factual data later provided will be, completely correct and substantially accurate in all respects on the date on which such information is dated or attested and by the execution and handing over of this warranty by the representative, such data is not, or won't be, incomplete by excluding any material fact required to render such information not substantially misleading. Seen in 1 SEC filing.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Accuracy of Information means factual data provided in writing, that is complete, correct and substantially accurate in all essential aspects.
Relevant Contract Types
Relevant Circumstances
- During the due diligence process.
- When any entity is required to share critical data.
- During a merger or acquisition.
Relevant Sectors
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