Sets out the factual assurances each side gives the other.
In plain English
Promises about facts — e.g. 'we own this IP', 'we're validly incorporated', 'the goods meet spec'. If one turns out false, the other side has a claim. Keep them accurate and bounded.
Educational, not legal advice. Clause wording should be adapted to your specific facts. For high-stakes documents, have a qualified advocate review the drafting.