Warranties given by a Seller in relation to a business acquisition. This can be inserted as a Schedule to the Business Acquisition Agreement. This Warranties are drafted in favour of the Seller.
The Seller has obtained all corporate authorisations and all other applicable governmental, statutory, regulatory or other consents, licences, authorisations, waivers or exemptions required to empower it to enter into and perform its obligations under this Agreement.
The Seller is the sole beneficial owner of the Business.
The Seller has obtained all corporate authorisations required to empower it to enter into this Agreement and to perform its obligations hereunder in accordance with their terms.
The Seller is the legal and beneficial owner free from all encumbrances equities and claims of the whole of the share capital of the Business.
The Seller (a) is duly organised and validly existing under the laws of the place of its incorporation and (b) has full corporate power and authority to carry on the Business as it is now being conducted and to own the material properties and assets it now owns.