What is included in the recitals of a legal contract?

The recitals of a legal contract serve as an introduction that provides background information relevant to the agreement. This section typically outlines the purpose of the contract, the parties involved, and the context under which the agreement is being made. By including this background information, recitals help to set the stage for the specific obligations and rights detailed in the body of the contract. They aid in providing clarity and understanding to the parties about why they are entering into the contract.

The other options focus on specific elements that are clearly articulated within the main body of the contract rather than in the recitals. Statements of warranties and guarantees are typically found in separate sections outlining the obligations of the parties. Details about delivery and payment terms would likewise be structured within distinct clauses that specify the logistical and financial responsibilities. Specific clauses regarding dispute resolution are also essential components of the contract but are typically addressed in sections specifically designed to outline the procedures both parties agree to follow in the event of a disagreement.