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A Warranty Agreement is a crucial legal document used when a business needs to provide formal warranty coverage for its products or services in Pakistan. This document is essential for compliance with Pakistani consumer protection laws and the Contract Act 1872, offering protection to both the business and the consumer. The agreement typically covers warranty duration, scope of coverage, claim procedures, and available remedies, while clearly stating exclusions and limitations. It's particularly important in transactions involving durable goods, equipment, or significant purchases where long-term product support or guarantees are necessary. The Warranty Agreement helps prevent disputes by clearly documenting the warrantor's commitments and the conditions under which the warranty remains valid, while ensuring alignment with Islamic commercial principles as applicable under Pakistani law.
