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.
South Dakota Warranty Clauses
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Multi-State
Control #:
US-OG-489
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Word;
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FAQ
Warranty Period . /?Maintenance Period? shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the Works performed under the Contract.
Condition and Warranty in Contract Law For example, for a buyer to purchase a car from a seller, the car must meet certain conditions such as being free of any major defects. If the car has any major defects, then the sale would not go through and the buyer would get their money back.
The Basic Concepts: A warranty is a legally binding commitment forming part of the sales contract which assures the buyer that the product or service is free from defects. A warranty often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty.
General Warranty Depending on the type of contract, a warranty clause may cover the products or services to be exchanged. For example, in a sale of goods, the warranty clause will generally promise that the seller will provide goods that are free of defects, otherwise the buyer can seek a legal remedy for the breach.
A typical warranty clause often covers defective work, materials and equipment, but excludes defects caused by abuse, alterations to the work, improper or insufficient maintenance, improper operation, or normal wear and tear.
The company will repair the product, at no cost, if the product is still under warranty. The company will repair any broken parts of a product using new or replacement parts. The product will be exchanged with a new product. The price of product will be refunded.
The company will repair the product, at no cost, if the product is still under warranty. The company will repair any broken parts of a product using new or replacement parts. The product will be exchanged with a new product. The price of product will be refunded.