Customary representations and warranties include: capacity and authority; title to the shares; audited and management accounts; records; business since the last accounts date; assets; debtors; intellectual property; confidential information; contracts; joint ventures, partnerships and corporate structure; data protection and privacy; litigation and disputes; compliance and regulatory matters; competition; insurance; employees and sponsorship; pensions; real estate; and tax. Breach of a representation or warranty constitutes a breach of contract, which will generally entitle the other party to claim damages.