How is Limited Lifetime Warranty defined in a legal contract?
- Limited Lifetime Warranty means a guarantee provided by the manufacturer to the original end-user purchaser, promising that the product will be free from defects in materials and workmanship throughout its useful service life during the original end-user purchaser’s ownership of the product. The same applies regarding the time or mileage for which the Product was originally installed during the original end-user purchaser’s ownership of the vehicle.
Seen in 5 SEC filings - Limited Lifetime Warranty means the manufacturer, such as GDY, offering a guarantee to repair the product if found defective in material or workmanship for as long as the original purchaser owns the product. This guarantee extends to only the first retail purchaser of the product, starting from the date of delivery. The warranty is valid under normal use requirements, and it may exclude any transportation costs for product recall to the manufacturer or the seller.
Seen in 1 SEC filing - Limited Lifetime Warranty means coverage as long as you, the owner of the product, own it. It applies to any individual who is the original owner or a transferee who properly transferred coverage within the first ten years.
Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of limited lifetime warranty’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Limited Lifetime Warranty means a guarantee from the [Manufacturer] that the [Product] will be free of defects for the duration of the original owner’s possession.
Relevant Contract Types
Relevant Circumstances
- Any sales transaction where a product is sold and warranty is provided
- A scenario in which a business to business sale is taking place
- When manufacturing and selling consumer products
Relevant Sectors
Genie Definition 2
- Limited Lifetime Warranty means coverage provided by [Manufacturer] for as long as the [Product]'s original owner or [Transferee] owns it.
Relevant Contract Types
Relevant Circumstances
- When a manufacturer offers a warranty on a product to the original purchaser
- Transfer or resale of items with the existing warranty to a new owner
Relevant Sectors
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Limited Lifetime Warranty means a guarantee from the [Manufacturer] that the [Product] will be free of defects for the duration of the original owner's possession.
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