A Warranty Agreement allows you to offer the promise you will repair or replace any part of your product that is not up to snuff for free during a designated time period.A warranty agreement is a legal agreement provided by a manufacturer to a buyer accepting to repair or replace, free of charge, any part proving defective in material or workmanship. The Warranty agreement is an inevitable part of a sale of a product. It is an assurance provided by the manufacturer to provide repair or replacement, free of charge, of any part proving defective in material or workmanship for a certain time period after purchase. This agreement will contain the description of the product, as well as the details of the warranty coverage. It will contain the details of the manufacturer and the buyer, and materials or services that will not be covered by warranty.

The agreement will also have the list of service centers authorized by manufacturer.A warranty is a term of a contract. Depending on the terms of the contract, a product warranty may cover a product such that a manufacturer provides a warranty to a consumer with which the manufacturer has no direct contractual relationship.A warranty may be express or implied. An express warranty is expressly stated typically, written; whether or not a term will be implied into a contract depends on the particular contract law of the country in question. A product’s warranty acts as a guarantee that it will perform. However, not all warranties are equal. A warranty might cover a product for a lifetime or a matter of days. It may cover all kinds of damage or be limited to specific defects.