warranty

A warranty is a promise or assurance given in contract by a party to the other party to the contract. Warranties come in different forms and flavours. The warranties given in a contract will depend upon the type of contract and the intention of the parties. Warranties should be contrasted with conditions of contract, which are fundamental terms of the contract.

Usage: As the seller's goods were not free from defects in material and workmanship, they were in breach of a warranty under the agreement.

Related Words: conditions of contract; exclusion clauses; entire agreement clause.