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Contract & Commercial Law vocabulary · Contract Terms & Clauses

Warranty

Meaning in contract & commercial law, with examples

/ˈwɒrənti/nounCore term

In contract & commercial law, warranty means: A promise in a contract that a fact is true or that goods or services meet a certain standard; if it proves wrong, the other party can usually claim damages.

In Turkish: garanti, tekeffül, taahhüt

How it is used

Two main uses: product warranties (a 12-month warranty on equipment) and contractual warranties in M&A, often paired as 'representations and warranties'. In English law a breach of warranty normally gives a right to damages, not a right to terminate.

Example sentences

  1. The seller warrants that the accounts give a true and fair view of the company.

  2. The machines come with a two-year warranty against defects.

  3. We will bring a claim for breach of warranty.

Common collocations

  • breach of warranty
  • give a warranty
  • representations and warranties
  • warranty period
  • warranty claim
  • representationA statement of fact made by one party, before or when the contract is signed, that encourages the other party to enter into it.
  • conditionAn essential term of a contract whose breach allows the other party to terminate; also an event that must happen before an obligation starts or that brings it to an end.
  • indemnityA promise by one party to cover specific losses or costs that the other party suffers, for example claims brought against it by third parties.
  • guaranteeA promise by one person or company, the guarantor, to pay another party's debt or perform its obligations if that party fails to do so.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Contract Terms & Clauses

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This page explains English vocabulary for learners. It is not legal advice.