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  1. Dictionary
    warranty
    /ˈwɒrənti/

    noun

    • 1. a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time: "the car comes with a three-year warranty"
    • 2. justification or grounds for an action or belief: archaic "you have no warranty for such an audacious doctrine"

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  2. www.investopedia.com › terms › wWarranty Definition, How It Works, Types, and Example

    Jun 30, 2024 · A warranty is a guarantee or promise made by a manufacturer or similar party regarding the condition of their product. A warranty also refers to the terms and...

  3. www.shiksha.com › online-courses › articlesDifference Between Condition and Warranty in Contract Law

    Jul 1, 2024 · What is a Warranty? A warranty is a secondary term or promise in the contract. It is not as crucial as a condition. A breach of warranty does not lead to the termination of the contract. Instead, it usually results in damages to compensate for the breach.

  4. legalvision.com.au › difference-between-warrantyWhat's the Difference Between Warranties and Indemnities ...

    Jul 18, 2024 · Warranties are assurances within the contract from the seller of the business to the buyer. The warranties layout information about the company, including: who owns the company before the sale; assets of the company; financial accounts; and. whether the company is subject to any legal proceedings.

  5. www.vedantu.com › commerce › express-and-impliedExpress and Implied Warranties – Explanation and Important FAQs

    Jul 8, 2024 · Express warranty definition varies as per the nature and quality of the product being sold. Such warranties are made by a seller guaranteeing that the concerned good will be of proper quality and fulfil the buyer's requirements.

  6. www.larksuite.com › en_us › topicsWarranties - Lark

    Jun 30, 2024 · Warranties, in the context of real estate, refer to legally binding assurances given by sellers to buyers regarding the condition, quality, and performance of a property. These warranties serve as a form of protection for buyers, ensuring that the property meets certain standards and specifications.

  7. legalvision.com.au › types-of-warranties-in-a5 Types of Warranties in a Mergers & Acquisition Transaction

    Jul 11, 2024 · 5 Types of Warranties in a Mergers and Acquisition Transaction. In large scale transactions, the parties will include warranties in a schedule to the contract and can span over many pages. Five of the most common warranties that parties include in larger transaction contracts are: 1. Solvency.

  8. uollb.com › blogs › uolConditions, Warranties, and Innominate Terms – UOLLB First ...

    Jul 6, 2024 · A warranty is a term of a contract that is not essential to the performance of the contract but is a promise made by one party to the other. If a warranty is breached, the innocent party can claim damages, but they do not have the right to terminate the contract.