Warranty clauses in commercial contracts are usually used to clarify the warranties and representations of both parties regarding specific circumstances or facts during the performance of the contract. These clauses help to ensure the rights and responsibilities of the parties to the contract in the transaction and reduce the risks of the transaction. Warranties can be multifaceted, but here are some common types of warranties:
Product or Service Quality Assurance:
This guarantee relates to the quality, performance, functionality, or compliance with specific standards of a product or service. For example, a contract may contain a guarantee that a product will maintain a certain quality standard for a specific period of time, or a commitment by a service provider to provide a high level of service for the duration of the contract.
As. the sellers shall guarantee that the commodity must be in conformity with the quality and specifications specified in this contract and letter of quality guarantee. the guarantee period shall be 3 months after the arrival of the goods at the port of destination, and during the period the sellers shall be responsible for the damage due to the defects in designing and manufacturing of the manufacturer.
The seller shall ensure that the quality specifications of the goods must comply with the provisions of this contract and the quality assurance certificate, and the quality assurance period shall be within three months of the arrival of the goods at the port of destination, and the seller shall be responsible for compensation for the damage caused by the defects of the manufacturer in the design and manufacturing process.
Legal Compliance Guarantee:
This type of assurance ensures that the parties to the contract comply with the relevant laws and regulations. This may include the legality of the production or sale of products, the legality of services, and ensuring that contractual actions comply with industry standards and legal requirements.
As. both parties warrant that they will comply with all applicable laws and regulations in the performance of this agreement.
The parties warrant to comply with all applicable laws and regulations in the performance of this Agreement.
Ownership and Intellectual Property Guarantees:
This guarantee relates to the ownership and legitimacy of the assets, intellectual property or other rights involved in the contract. It ensures that the provider has the right to ** or transfer the relevant assets or intellectual property rights and guarantees that there is no infringement.
As. party b guarantees that the document supplied by party b shall be of the latest technical documentation being used by party b. party b shall also supply to party a during the validity term of the contract, the technical information relevant to any development and improvement of the contract product.
party b guarantees that the documentation supplied by party b shall be complete,correct, legible and dispatched within the stipulated period in this contract.
if the documentation supplied by party b is not in conformity with the stipulations in the annex to this contract, party b shall, within the shortest possible time but not later than thirty(30) days after receipt of the party a's written notice, dispatch free of charge, to the party a the missing or the correct and legible documentation.
Party B guarantees that the technical information provided is the latest technical information actually used by Party B, and guarantees that Party A will be provided with any technical information on the improvement and development of the products listed in the contract in a timely manner during the validity period of the contract.
Party B guarantees that the technical information provided is complete, correct and clear, and that it is delivered in a timely manner according to the time specified in the contract.
If the technical information provided by Party B does not conform to the provisions of the annex to this contract, Party B must send the missing technical information or correct and clear technical data to Party A free of charge within the shortest time (no later than 30 days) after receiving Party A's written notice.
Payment and Settlement Guarantee:
This type of assurance ensures that the parties to the contract make payments on time or meet their payment obligations. It may include the method, duration and amount of payment, as well as ensuring the security and legitimacy of the payment route.
As. the buyer warrants to make payment in accordance with the terms and conditions of this agreement within thirty (30) days of receiving an invoice.
Buyer warrants payment within thirty (30) days of receipt of the invoice in accordance with the terms of this Agreement.
Confidentiality Guarantee:
In the case of trade secrets or sensitive information, the confidentiality guarantee ensures the confidentiality of the confidential information by the parties to the contract and stipulates the responsibilities and obligations for the protection of the information.
As. both parties agree to maintain the confidentiality of any and all information disclosed under this agreement, including but not limited to trade secrets, business plans, financial information, and any proprietary data. the parties agree not to disclose, directly or indirectly, any such confidential information to any third party without the prior written consent of the disclosing party.
The parties agree to maintain the confidentiality of all information disclosed pursuant to this Agreement, including, but not limited to, trade secrets, business plans, financial information, and any proprietary data. The parties agree not to disclose such Confidential Information, directly or indirectly, to any third party without the prior written consent of the disclosing party.
Reference. Stylistics and Translation of International Business Contracts" by Liu Qingqiu.
*: Translation.