What is Warranty?
A formal guarantee that all product information and specifications are accurate is known as a warranty. that the product is well-made in terms of quality, fitness, performance, and durability, among other things. It is a supplement to the primary objective of the contract. It verifies the performance, fitness, and quality of a product.
During the warranty period, the product will be repaired or replaced if necessary if these facts do not satisfy you. By demonstrating that they are confident in the quality of their products, businesses offer warranties to increase customer confidence in them.
Following the completion of a product, businesses carry out a series of tests to determine the appropriate warranty period. After ensuring that manufactured items will last for a predetermined amount of time without needing to be serviced, businesses are more likely to offer a guarantee for a predetermined amount of time.
What is Guarantee?
A commitment to the product or service’s performance after sale is known as guarantee. It says that the manufacturer has made a promise about the product’s content, quality, or performance. If the manufacturer doesn’t live up to that promise, the product will be fixed or replaced, or the money paid as consideration will be reimbursed.
Like the warranty, the guarantee only lasts for a predetermined amount of time. However, it functions as a consumer right. The guarantee applies only to manufacturer defects and covers all of the device’s features. The manufacturer guarantees that there will be no additional costs involved in repairing or replacing the entire item.
In most cases, the guarantee is taken for granted; However, it may be stated in writing for certain items. An implicit guarantee contract is hard to prove.
Difference between Warranty and Guarantee :