This Waiver of Liability is often used in the area of employment to release one party from the responsibility for the losses suffered by another party and offer them protection from potential lawsuits. Compose this document to confirm that one of the parties to the agreement is not liable for any damages, losses, and other financial claims during a certain activity. Under this contract, a third party (guarantor) bears the responsibility for the obligations of the debtor in case the latter fails to make payments to the creditor or lender or violates other contractual provisions. You can create a Warranty Letter Template to attach it to your merchandise and share the terms or replacement or repair valid for a particular period of time.Ĭheck out the templates below to provide your business partners and customers with assurances with regard to your products and services, protect your own interests in risky transactions, and customize your own Warranty Template: It often contains remedies that compensate for the damage expressed or implied in the contract between two parties – in the event the item or service does not meet the expectations, the non-breaching party is entitled to receive some sort of compensation or the subject matter of the contract is repaired or replaced. Used in a variety of industries, a Warranty Form assures one party that the product or service delivered by the other party is free from faults and defects. What Is a Warranty?Ī Warranty is a typed or handwritten document that compels a party to the agreement to act in a specific way – for instance, they must offer products that meet the requirements listed in the contract or provide services that match their description in the agreement, offer, or advertisement. Warranties bind providers of services and manufacturers of goods to keep their end of the transaction – whether the Warranty is expressed or implied, the party that sold merchandise or rendered services must confirm their quality and indicate for how long the purchaser or beneficiary may contact them and ask for repair, replacement, or refund.
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