Non Reliance Letter Hold Harmless Letter Template for England and Wales

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Key Requirements PROMPT example:

Non Reliance Letter Hold Harmless Letter

"I need a Non Reliance Letter Hold Harmless Letter for our upcoming property development project, where we're sharing preliminary financial projections with potential investors but want to ensure we're protected from any claims based on these early estimates. The letter should be particularly strong on disclaimers about forward-looking statements."

Document background
The Non Reliance Letter Hold Harmless Letter is commonly used in commercial transactions governed by English and Welsh law where parties share information but need to manage potential liability. It is particularly relevant when preliminary discussions occur, due diligence is conducted, or information is shared without formal verification. The document typically includes specific disclaimers, acknowledgments of non-reliance, and hold harmless provisions. It serves as a risk management tool, protecting information providers from claims based on informal statements or preliminary information provided during business discussions or negotiations.
Suggested Sections

1. Recipient Details: Full name and address of the recipient of the letter

2. Subject Matter: Clear identification of the transaction, information, or matter being addressed in the letter

3. Non-Reliance Statement: Express confirmation that recipient is not relying on any statements, representations, or information provided except as specifically agreed

4. Hold Harmless Provision: Specific indemnification and release of liability terms protecting the sender from future claims

5. Acknowledgment: Recipient's confirmation of understanding and agreement to the terms of the letter

Optional Sections

1. Specific Disclaimers: Additional disclaimers specific to the transaction or industry, used when dealing with regulated industries or complex transactions

2. Duration: Time period for which the non-reliance applies, used when the non-reliance needs to be time-limited

3. Permitted Reliance: Specific exceptions to non-reliance, used when certain representations are intended to be relied upon

Suggested Schedules

1. Schedule 1 - Specific Representations: Detailed list of statements or representations being specifically disclaimed

2. Schedule 2 - Related Documents: List of documents referenced in the main letter that are subject to the non-reliance provisions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Contract Law Fundamentals: Core principles from The Law of Contract (Common Law) and Contracts (Rights of Third Parties) Act 1999, which form the basic framework for contract formation and enforcement

Misrepresentation Act 1967: Key legislation governing false statements made during contract negotiations, particularly relevant for non-reliance provisions

Unfair Contract Terms Act 1977: Legislation controlling the use and enforceability of exclusion and limitation clauses in contracts, crucial for hold harmless provisions

Consumer Rights Act 2015: Legislation protecting consumer rights and regulating unfair terms in consumer contracts, if the letter involves consumer relationships

Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, relevant if the non-reliance letter involves financial matters or regulated activities

Financial Services Act 2012: Updates to financial services regulation, including provisions about financial market conduct and consumer protection

Limitation Act 1980: Statute setting time limits for bringing different types of legal claims, important for understanding enforcement periods

Hedley Byrne Principle: Key case law principle from Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964] establishing liability for negligent misstatements

Bannerman Principle: Case law from Bannerman v White [1861] establishing principles about representations and their importance in contract formation

Reasonable Reliance Doctrine: Common law principle determining when reliance on statements is legally reasonable and actionable

Duty of Care Principles: Common law principles establishing when and to whom a duty of care is owed, crucial for hold harmless provisions

Entire Agreement Doctrine: Legal principle governing the use and effectiveness of entire agreement clauses in contracts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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