Maryland Disclaimer of Implied Warranties

• Category: Contracts - Sale of Goods
• State: Multi-State
• Control #: US-01685-AZ
• Format: Word; Rich Text

Description

This form is a Disclaimer of Implied Warranties. This form disclaims all implied warranties, including the implied warranty of merchantability. The goods purchsed by the buyer are considered to be sold "as is". The Maryland Disclaimer of Implied Warranties is a legal provision that allows individuals or businesses to deny or exclude certain implied warranties on the sale or lease of goods in the state of Maryland. Implied warranties are the unwritten promises that the law assumes the seller or lessor has made regarding the quality, fitness for a particular purpose, or merchantability of the goods being sold or leased. By incorporating a disclaimer of implied warranties into a contract or agreement, the seller or lessor is informing the buyer or lessee that they are not responsible for any defects, malfunctions, or shortcomings in the goods being transferred. It ensures that the buyer or lessee is aware that they are assuming the risks associated with any potential issues that may arise after the transaction. In Maryland, there are two common types of disclaimers of implied warranties: the disclaimer of the implied warranty of merchantability and the disclaimer of the implied warranty of fitness for a particular purpose. 1. Disclaimer of the Implied Warranty of Merchantability: This disclaimer protects sellers or lessors from any liability related to the quality or condition of the goods being sold or leased. It asserts that the seller or lessor has no responsibility for any defects or flaws that may render the goods unsuitable for their intended use. This disclaimer is typically used when the sale or lease of goods is made "as is" or includes an explicit statement disclaiming any warranties. 2. Disclaimer of the Implied Warranty of Fitness for a Particular Purpose: This disclaimer relieves sellers or lessors of any liability regarding whether the goods are suitable for a specific purpose that the buyer or lessee has communicated to them. If the buyer or lessee relies on the seller's or lessor's expertise to select goods that meet their specific requirements, this disclaimer ensures that the seller or lessor will not be held responsible if the goods fail to fulfill those expectations. These disclaimers must be clear, conspicuous, and unambiguous to be enforceable. They should be prominently displayed in the contract or agreement and brought to the attention of the buyer or lessee before the transaction takes place. Overall, the Maryland Disclaimer of Implied Warranties provides protection to sellers and lessors by limiting their liability for any deficiencies in the goods being sold or leased. It is important for both parties involved in a transaction to be aware of these disclaimers and understand the implications they have on their rights and responsibilities.

The Maryland Disclaimer of Implied Warranties is a legal provision that allows individuals or businesses to deny or exclude certain implied warranties on the sale or lease of goods in the state of Maryland. Implied warranties are the unwritten promises that the law assumes the seller or lessor has made regarding the quality, fitness for a particular purpose, or merchantability of the goods being sold or leased. By incorporating a disclaimer of implied warranties into a contract or agreement, the seller or lessor is informing the buyer or lessee that they are not responsible for any defects, malfunctions, or shortcomings in the goods being transferred. It ensures that the buyer or lessee is aware that they are assuming the risks associated with any potential issues that may arise after the transaction. In Maryland, there are two common types of disclaimers of implied warranties: the disclaimer of the implied warranty of merchantability and the disclaimer of the implied warranty of fitness for a particular purpose. 1. Disclaimer of the Implied Warranty of Merchantability: This disclaimer protects sellers or lessors from any liability related to the quality or condition of the goods being sold or leased. It asserts that the seller or lessor has no responsibility for any defects or flaws that may render the goods unsuitable for their intended use. This disclaimer is typically used when the sale or lease of goods is made "as is" or includes an explicit statement disclaiming any warranties. 2. Disclaimer of the Implied Warranty of Fitness for a Particular Purpose: This disclaimer relieves sellers or lessors of any liability regarding whether the goods are suitable for a specific purpose that the buyer or lessee has communicated to them. If the buyer or lessee relies on the seller's or lessor's expertise to select goods that meet their specific requirements, this disclaimer ensures that the seller or lessor will not be held responsible if the goods fail to fulfill those expectations. These disclaimers must be clear, conspicuous, and unambiguous to be enforceable. They should be prominently displayed in the contract or agreement and brought to the attention of the buyer or lessee before the transaction takes place. Overall, the Maryland Disclaimer of Implied Warranties provides protection to sellers and lessors by limiting their liability for any deficiencies in the goods being sold or leased. It is important for both parties involved in a transaction to be aware of these disclaimers and understand the implications they have on their rights and responsibilities.