Oregon Warranty Clauses

State:
Multi-State
Control #:
US-OG-489
Format:
Word; 
Rich Text
Instant download

Description

The Warranty Clauses form, to have and to hold, subject to the terms, exceptions, and other provisions set out in this Assignment, the “assets” unto assignee, its successors and assigns, forever, however the assignments and conveyances made by this assignment are made without warranty.

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FAQ

Unless excluded or modified as provided in ORS 72.3160 (Exclusion or modification of warranties), a warranty that the goods shall be merchantable is implied in a contract for their sale if the seller is a merchant with respect to goods of that kind.

A workmanship warranty provides homeowners with coverage against workmanship or installation errors. This type of warranty generally covers about one year following the completion of the work. However, this is not true for all contractors.

Most contractors are familiar with the ?one-year warranty,? assuming that they are not liable for workmanship defects after one year.

The Contractor warrants to the Agency that materials and equipment furnished under the Contract will be of good quality and new unless otherwise required or permitted by the Contract Documents, that the Work will be free from faults and defects not inherent in the quality required or permitted, that the materials, ...

The Department of Consumer and Business Services in Oregon oversees home warranty contracts to protect consumers and maintain fair practices within the industry.

Construction Defect Law and the 'Right to Cure' Statute of LimitationsOregon6 years for contracts and property damage2 years for personal injuryPennsylvania4 years for contracts2 years for tortsRhode Island10 or 20 years for contracts3 years for personal injury10 years for property damage48 more rows

The law does not require a specific time for warranty protection. A typical new home warranty protects against structural defects for five to ten years and promises to repair or replace major systems for one to two years. You may select the time period for the warranty. How much can you charge for the warranty?

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Oregon Warranty Clauses