Udaan Contracts Specialist Interview Questions and Answers

Representation refers to statements made by one party to another in a contract, while warranties are promises made by one party to another regarding the truthfulness of certain facts or conditions.

• Representations are statements of fact made by one party to another during negotiations or in the contract itself.

• Warranties are promises made by one party to another regarding the truthfulness of certain facts or conditions.

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Companies may face difficulties in commercial contracts negotiations due to conflicting interests, complex terms, and legal uncertainties.

• Conflicting interests between parties may lead to disagreements on terms and conditions.

• Complex terms and conditions may require extensive discussions and clarifications.

• Legal uncertainties such as ambiguous language or conflicting laws can complicate negotiations.

• External factors li...read more

Subscription pricing model creates issues due to lack of flexibility, potential for overpaying, and difficulty in predicting costs.

• Lack of flexibility in adjusting services based on changing needs or budget constraints

• Potential for overpaying if clients do not fully utilize all services included in the subscription

• Difficulty in predicting costs accurately, leading to budgeting challenges for both clients and service pr