Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Misrepresentation

Misrepresentation is the act of a Party providing false or misleading to another Party.

When they enter a contract together, this mislead Party suffers a loss as a result. 

Misrepresentation can occur in three different ways: 

  • Fraudulent - the. misrepresentation was made knowingly
  • Negligent - reasonable care was not taken to ensure the representation was accurate
  • Innocent - the misrepresentation is neither of the above