Contractual nonreliance provisions, sometimes called “big boy” letters, have received their fair share of attention. And rightly so. A properly drafted nonreliance provision can be a powerful tool in defeating an adversary’s claim of reliance on extracontractual representations.

Non Reliance Letter. The Undersigned, on behalf of each Account, will, simultaneously with the execution and delivery of this Agreement, execute and deliver to the Agent, a non-reliance letter in the form attached as Exhibit B hereto.

What is a non-reliance letter? A non-reliance letter, in essence, states that no communication (written or oral) received from a party shall be deemed to be an assurance or guarantee as to the expected results of that transaction for another party.

Non-Reliance. (a) Each Lender acknowledges and agrees that the extensions of credit made hereunder are commercial loans and letters of credit and not investments in a business enterprise or securities.

"non-reliance" letter or email, whereby the lender and its counsel agree that the materials are provided solely for information purposes and no party may make a claim against the buyer or its counsel in reliance upon the disclosures set forth in the due diligence materials provided. In addition to conditions that expressly refer to

Big boy letters typically contain a non-reliance provision in which the buyer represents that it has made its investment decision based on its own knowledge and investigation without regard to anything the seller has said or not said (or only

2021年10月28日 · A well-drafted non-reliance clause will bar a later-asserted claim for common law fraudulent misrepresentation or fraudulent inducement. A non-reliance clause should not be confused with an integration clause.

2024年4月29日 · The non-reliance letter is a legal document designed to clarify the limitations of reliance on information exchanged between parties in a business transaction. It serves as a safeguard against potential misunderstandings and disputes by explicitly stating that one party should not solely base their decisions on the representations, statements ...

Non-Reliance. Each Seller is not relying on any statements or information from the Company concerning the Company, its business affairs or financial condition, other than as expressly set forth herein.

Due Diligence and Non-Reliance. Each Lender acknowledges and agrees that it has, independently and without reliance upon Agent or any other Lenders, and based upon such documents, information and anal...