Purchase Agreement Samples with Warranties

Introduction to Purchase Agreements with Warranties

A purchase agreement is a legally binding contract outlining the terms and conditions of the sale of goods or services. When warranties are included, they provide assurances about the quality and performance of the purchased items. This guide presents three diverse examples of purchase agreements with warranties, illustrating different contexts and uses.

Example 1: Residential Property Purchase Agreement with Warranty

When buying a home, buyers often seek warranties to protect against potential defects. This example outlines a purchase agreement for a residential property that includes a warranty for structural integrity and major systems.

In this context, a couple is purchasing a home and wants assurance that any defects in the roof or plumbing systems will be addressed within a specified time frame.

Example:

This Purchase Agreement (“Agreement”) is made as of [Date], by and between [Seller’s Name] (“Seller”) and [Buyer’s Name] (“Buyer”). The Seller agrees to sell and the Buyer agrees to purchase the property located at [Property Address] (“Property”) for the total purchase price of $[Purchase Price].

The Seller warrants that:

• The roof of the Property is free from leaks and defects for a period of [X years].
• All major systems (plumbing, electrical, and HVAC) are in good working condition and free from defects for a period of [X years].

Should any defects arise within the warranty period, the Seller agrees to repair or replace such items at no cost to the Buyer. This warranty is in addition to any other rights or remedies available to the Buyer under law.

Notes:

• Ensure to define the warranty period clearly.
• Consider including a clause for regular maintenance responsibilities.

Example 2: Purchase Agreement for Electronics with Warranty

In the electronics industry, warranties are essential for protecting consumers against defects. This example illustrates a purchase agreement for electronic goods that includes a warranty covering parts and labor.

A small business is purchasing a batch of laptops for employee use and wants assurance regarding product reliability and support.

Example:

This Purchase Agreement (“Agreement”) is made on [Date] between [Seller’s Company Name] (“Seller”) and [Buyer’s Company Name] (“Buyer”). The Seller agrees to sell and the Buyer agrees to purchase [Number] laptops at a total price of $[Total Price].

The Seller warrants that:

• Each laptop shall be free from defects in material and workmanship for a period of [X years] from the date of purchase.
• In the event that a laptop fails to perform as warranted, the Seller shall repair or replace it at no additional cost to the Buyer within [X days] of notification.

This warranty covers parts and labor, and does not apply to damages caused by misuse or unauthorized modifications.

Notes:

• Specify the procedures for making warranty claims.
• Consider including a limitation of liability clause.

Example 3: Vehicle Purchase Agreement with Warranty

When buying a vehicle, warranties can significantly influence a buyer’s decision. This example is a purchase agreement for a used car that includes a limited warranty covering key components.

A buyer is purchasing a used car from a dealership and wants to ensure that the engine and transmission are covered under warranty.

Example:

This Purchase Agreement (“Agreement”) is executed on [Date] by and between [Dealer’s Name] (“Seller”) and [Buyer’s Name] (“Buyer”). The Seller agrees to sell and the Buyer agrees to purchase a [Make, Model, Year] vehicle for a total price of $[Purchase Price].

The Seller warrants that:

• The engine and transmission of the vehicle are free from defects in materials and workmanship for a period of [X months] or [X miles], whichever comes first.
• Should any defects be found during the warranty period, the Seller will repair the defective components at no cost to the Buyer.

This warranty is non-transferable and applies solely to the original Buyer. The Buyer acknowledges that the vehicle is sold “as-is” except for the warranties expressly provided herein.

Notes:

• Clearly outline the limitations and exclusions of the warranty.
• Include information on how to claim warranty service.

By understanding these examples of purchase agreements with warranties, buyers can better protect their investments and clarify their rights in transactions.