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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."
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
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
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
Definitions
Release of Warranty Obligations
Consideration
Representations and Warranties
Indemnification
Confidentiality
Release Exceptions
Surviving Obligations
Further Assurance
Third Party Rights
Entire Agreement
Severability
Waiver
Assignment
Notices
Costs
Counterparts
Governing Law
Jurisdiction
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