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Stronger than Oak! What is a no-reliance or "big boy" clause, do you want one in your contract, and is it enforceable in Tennessee?
Fraud in the inducement is a tort that is based on a fraudulent misrepresentation made by one party to a contract that the other party reasonably or justifiably relies upon to its detriment.
But what if the party to a contract that is allegedly injured by a false statement made by the other contracting party has agreed in the contract that it is not relying on any representation made by the other party.
This kind of clause is sometimes called a no-reliance clause or a "big boy" clause.
Today's episode is part of a series entitled "Stronger than Oak!" The "Stronger than Oak!" series is focused on contract issues.
This episode discusses fraudulent inducement and no-reliance clauses and whether they are or might be enforceable in the right circumstances in Tennessee.
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By Dan SmithFraud in the inducement is a tort that is based on a fraudulent misrepresentation made by one party to a contract that the other party reasonably or justifiably relies upon to its detriment.
But what if the party to a contract that is allegedly injured by a false statement made by the other contracting party has agreed in the contract that it is not relying on any representation made by the other party.
This kind of clause is sometimes called a no-reliance clause or a "big boy" clause.
Today's episode is part of a series entitled "Stronger than Oak!" The "Stronger than Oak!" series is focused on contract issues.
This episode discusses fraudulent inducement and no-reliance clauses and whether they are or might be enforceable in the right circumstances in Tennessee.