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Warranty definition

Question
What is the definition of "warranty"? 
Answer
A warranty is a promise, either implied or written, that a product will conform to specifications and/or perform as expected. It is, in general terms, an assurance given by one party upon which another may rely. Warranties are typically given with certain time parameters and other limitations.

Warranty law is complex and should be carefully researched by those who provide products or services. Consult an attorney who is knowledgeable in warranty law. 
Brain Trust contributor: Author of Instant Profits: Making Your Business Pay
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