Representations and Warranties are important facts and assurances about the parties that they guarantee about one another. The Company makes statements regarding its capitalization, authority, key contracts, intellectual property and certain aspects of its business. Any exceptions to the Company’s statements can be modified by a Disclosure Schedule that is attached to the Stock Purchase Agreement. The Investors confirm they are “accredited” and otherwise able to take on the risk of their investment. Neither the Company nor the Investors should disregard them as boilerplate, and all parties should read them carefully.