How is Defect Liability Period defined in a legal contract?
- Defect Liability Period means the specified duration from the completion until final certification, during which the contractor is responsible for rectifying all defects appearing in executed works covered by the contract. This includes warranties against issues related to manufacturing, construction and craftsmanship. Seen in 260 SEC filings.
- Defect Liability Period means the valid period of the warranties provided by the Contractor after Completion of the Facilities or a part thereof. The contractor is accountable for defects in the Facilities during this time. Seen in 201 SEC filings.
- Defect Liability Period means a year following the commissioning of a project and its acceptance. During this period, the contractor is responsible for rectifying any defects and damage. Seen in 161 SEC filings.
- Defect Liability Period means the time period commencing from the date of virtual completion issued by the Consultant/Engineer-in-charge and accepted by the Employer. Seen in 64 SEC filings.
- Defect Liability Period means a year from the issuance of virtual completion by the Engineer-in-Charge/Employer. However, for specialist contracts like anti-termite treatment, waterproofing treatment and the like, the warranty period specified in those contracts will supersede the defect liability period and the defect liability period of a year will be extended to the warranty period. Seen in 60 SEC filings.
- Defect Liability Period means the valid period of the warranties provided by the Contractor and the contractor is responsible for any defects related to the facilities during this time period. Seen in 45 SEC filings.
- Defect Liability Period means the duration from the completion of the facilities or a part thereof during which the contractor is accountable for correcting any defects related to the facilities. Seen in 44 SEC filings.
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 defect liability period' 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
Defect Liability Period means the duration post-completion during which a contractor is accountable for rectifying defects in supplied materials or performed works.
Relevant Contract Types
- Construction Contracts
- Software Development Contracts
- Engineering and Procurement Contracts
- Equipment Purchase and Installation Contracts
Relevant Circumstances
- Completion of construction or manufacturing projects.
- Execution of technical equipment installations.
- Delivery of software or technology services.
Relevant Sectors
Genie Definition 2
Defect Liability Period means the validity period of the contractor's provided warranties during which the contractor is responsible for any defects in the delivered facilities or part thereof.
Relevant Contract Types
Relevant Circumstances
- Post-delivery of manufactured goods or products.
- Following the installation of technical or digital infrastructure.
Relevant Sectors
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Defect Liability Period means the duration post-completion during which a contractor is accountable for rectifying defects in supplied materials or performed works
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