Contract Glossary
Warranty
Definition
A warranty is a promise that something works, meets certain standards, or is free from defects. Express warranties are spelled out in the contract. Implied warranties exist by law even if nobody writes them down — unless the contract specifically disclaims them.
In Practice
You hire a developer to build custom software. The contract includes a 90-day warranty: any bugs reported within 90 days of delivery get fixed at no extra cost. After the warranty period, bug fixes are billed at $150/hour. Without this warranty, you'd have to pay for fixes from day one. But check the fine print — many contracts include an 'AS IS' disclaimer that eliminates implied warranties, meaning the developer makes no promises about the software beyond what's explicitly stated.
Common in these contract types
Related terms
Frequently asked questions about warranty
Express warranties are promises you write into the contract — 'The software will process 10,000 transactions per second.' Implied warranties exist by law without being written — like the implied warranty of merchantability (the product is fit for its ordinary use). Express warranties are only limited by what you write. Implied warranties can be disclaimed.
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Create your contractThis content is for informational purposes only and does not constitute legal advice. For contracts with significant financial or legal implications, review by a qualified attorney is recommended.