What is a warranty in a contract?

A warranty in a contract is a promise made by one party, often a seller, that certain conditions are true about the product or services they are providing. This promise is made to the other party, often the buyer, as a way of assuring them that the product or service will meet certain expectations. In most cases, warranties are included as part of the contract and are legally binding. In Nebraska, there are two types of warranties that can be included in a contract: express and implied warranties. An express warranty is a specific, written promise made by one party to the other. This promise must be explicitly stated in the contract for it to be considered an express warranty. An example of an express warranty would be a company promising that a product will last for a certain amount of time. An implied warranty is a guarantee that covers the quality and condition of a product or service that is not explicitly stated in the contract. This type of warranty is based on the accepted standards of quality, fit, or function for the product or service in question. In Nebraska, an implied warranty of merchantability is included with every purchase unless explicitly excluded from the contract. This warranty says that the product is fit for the purpose for which it was made or bought. In short, a warranty is a promise made by one party in a contract that assures the other party of certain conditions of the product or service. Different types of warranties are available, including express and implied warranties. In Nebraska, an implied warranty of merchantability is included with every purchase unless specifically excluded from the contract.

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