When you purchase a product from a supplier, it is important to ensure that the product comes with a warranty that protects you against any defects or malfunctions. A supplier warranty agreement is a legal document that outlines the terms and conditions of the warranty and the responsibilities of both the supplier and the buyer.
If you are a supplier, it is important to have a clear and concise supplier warranty agreement in place to protect yourself against any potential legal disputes. Here is a sample supplier warranty agreement that you can use as a guide to create your own:
1. Warranty Period: The supplier warrants that the product will be free from defects in materials and workmanship for a period of [insert number of months or years] from the date of purchase.
2. Warranty Coverage: The warranty covers all defects and malfunctions caused by normal use of the product. It does not cover damage caused by misuse, negligence, or unauthorized alteration or repair of the product.
3. Warranty Remedies: If the product fails to meet the warranty during the warranty period, the supplier will, at its discretion, repair or replace the product with a new one or issue a refund for the purchase price.
4. Exclusions and Limitations: The supplier is not liable for any indirect, incidental, or consequential damages arising from the use of the product, including but not limited to lost profits or loss of use. The supplier`s liability under this warranty is limited to the purchase price of the product.
5. Claim Procedure: To make a claim under this warranty, the buyer must notify the supplier in writing within [insert number of days] of the discovery of the defect or malfunction. The buyer must provide proof of purchase and a detailed description of the problem.
6. Governing Law: This warranty agreement shall be governed by and construed in accordance with the laws of [insert state or country]. Any disputes arising from this agreement shall be resolved in [insert location of arbitration or court].
7. Entire Agreement: This warranty agreement constitutes the entire agreement between the supplier and the buyer and supersedes all prior or contemporaneous negotiations, discussions, and agreements between the parties.
In conclusion, a well-written supplier warranty agreement is essential for protecting both the supplier and the buyer from any potential legal disputes. It is important to consult with a legal professional to ensure that your supplier warranty agreement complies with all relevant laws and regulations.