Warranty Release Of Liability Template for England and Wales

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Key Requirements PROMPT example:

Warranty Release Of Liability

"I need a Warranty Release of Liability to release our supplier from warranty obligations for manufacturing equipment purchased in January 2025, as we're satisfied with the equipment's performance and want to terminate the warranty early in exchange for a price reduction on future purchases."

Document background
A Warranty Release Of Liability is utilized when parties wish to formally terminate warranty obligations before their natural expiration or to settle warranty-related disputes. Under English and Welsh law, this document provides certainty and finality by clearly defining the scope of the release, any exceptions, and the consideration provided. It's particularly important in commercial transactions where parties need to document the termination of warranty obligations and protect against future claims. The document should be carefully drafted to ensure compliance with the Unfair Contract Terms Act 1977 and other relevant legislation.
Suggested Sections

1. Parties: Identifies all parties to the release, including full legal names and addresses

2. Background: Context of the warranty and circumstances leading to the release, including reference to original warranty

3. Definitions: Key terms used in the document including 'Warranty', 'Release Date', 'Original Agreement', etc.

4. Release Statement: Core statement of release from warranty obligations, including scope of release

5. Consideration: Statement of consideration provided for the release, even if nominal

6. Governing Law: Specification that agreement is governed by laws of England and Wales

Optional Sections

1. Surviving Obligations: Used when certain warranty provisions should remain in effect - lists any warranty obligations that survive the release

2. Third Party Rights: Used when third parties might be affected by the release - addresses rights of third parties under the Contracts (Rights of Third Parties) Act 1999

3. Confidentiality: Used when parties wish to keep terms confidential - specifies confidentiality obligations regarding the release

Suggested Schedules

1. Schedule 1 - Original Warranty: Copy or details of the original warranty being released

2. Schedule 2 - Released Claims: Specific list of warranty claims being released, including dates and descriptions

3. Schedule 3 - Excluded Claims: List of any claims specifically excluded from the release, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Unfair Contract Terms Act 1977: Key legislation that regulates exclusion and limitation clauses, determines which liability exclusions are enforceable, and requires reasonableness test for B2B contracts

Consumer Rights Act 2015: Governs consumer contracts by prohibiting unfair terms, setting out statutory rights that cannot be excluded, and requiring transparency and prominence of terms

Misrepresentation Act 1967: Addresses false statements that induced contract formation and affects ability to exclude liability for misrepresentation

Doctrine of Consideration: Common law principle ensuring release is supported by valid consideration, may require nominal consideration if deed not used

Capacity to Contract: Common law principle ensuring all parties have legal capacity to enter into the agreement

Privity of Contract: Common law principle that identifies who can be bound by the release

Contra Proferentem Rule: Legal principle stating that ambiguous terms in a contract should be interpreted against the interests of the party that drafted the terms

Companies Act 2006: Relevant when warranty release involves companies, governing corporate capacity and authority

Limitation Act 1980: Sets statutory time limits for bringing legal claims and affects duration of liability

Supply of Goods and Services Act 1982: Implies terms about quality and fitness for purpose in contracts for goods and services

Third Parties (Rights Against Insurers) Act 2010: Governs rights of third parties in relation to insurance and liability matters

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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