Warranty
Warranty
A warranty agreement, or a guarantee, is a safety net the seller provides when providing a service or product to a buyer. The agreement states the assumption of responsibility of the seller in the case of not fulfilling the expected and agreed condition of the delivered product or part.
A warranty agreement also reinforces the trust in the product or service the seller or manufacturer offers, earning the buyer’s confidence. In this type of agreement, all the details regarding the refund and replacement of the defective goods need to be clearly stated, along with the required period.