Sales Agreement with Warranties: 3 Practical Examples

Explore diverse examples of sales agreements with warranties, tailored for various business scenarios.
By Jamie

Introduction

A sales agreement with warranties is a crucial legal document that outlines the terms of a sale, ensuring that the buyer receives products that meet certain quality standards. Warranties provide assurance regarding the condition, functionality, and longevity of the goods sold. This guide presents three practical examples of sales agreements with warranties, designed to demonstrate how these agreements can be utilized across different industries.

Example 1: Electronics Sales Agreement with Warranty

In the context of consumer electronics, this agreement is relevant for retailers selling products such as smartphones or laptops. Retailers often provide warranties to enhance customer trust and satisfaction.

Sales Agreement for Electronics
This Sales Agreement (“Agreement”) is entered into as of [Date] between [Seller Name], located at [Seller Address] (“Seller”), and [Buyer Name], located at [Buyer Address] (“Buyer”).

  1. Product Description: The Seller agrees to sell, and the Buyer agrees to purchase the following product: [Product Name, Model, Serial Number].
  2. Purchase Price: The total purchase price for the product is $[Amount].

  3. Warranties:

    • The Seller warrants that the product is free from defects in material and workmanship for a period of [X months/years] from the date of purchase.
    • The Seller will repair or replace any defective parts at no additional cost to the Buyer, provided that the Buyer notifies the Seller within the warranty period.
  4. Limitations: This warranty does not cover damages resulting from misuse, accidents, or unauthorized repairs.
  5. Governing Law: This Agreement shall be governed by the laws of the State of [State].

Notes: Retailers may offer extended warranties for an additional fee, which can be included in the agreement.

Example 2: Automotive Sales Agreement with Warranty

This example is applicable in the automotive industry, where warranties play a significant role in consumer confidence.

Sales Agreement for Automobiles
This Sales Agreement (“Agreement”) is made on [Date] between [Dealer Name], located at [Dealer Address] (“Dealer”), and [Buyer Name], located at [Buyer Address] (“Buyer”).

  1. Vehicle Description: The Dealer agrees to sell, and the Buyer agrees to purchase the following vehicle: [Make, Model, Year, VIN].
  2. Purchase Price: The total purchase price for the vehicle is $[Amount].

  3. Warranties:

    • The Dealer provides a limited warranty covering the powertrain for [X years/miles] from the date of purchase.
    • The warranty includes coverage for engine and transmission failures that are not caused by negligence.
  4. Exclusions: This warranty does not cover routine maintenance, wear and tear, or damage caused by accidents.
  5. Dispute Resolution: Any disputes arising from this Agreement shall be resolved through arbitration in [Location].

Notes: Dealers may offer additional warranties, such as bumper-to-bumper coverage, which can be outlined separately.

Example 3: Real Estate Sales Agreement with Warranty

In real estate transactions, warranties can protect buyers against undisclosed defects in property. This example illustrates a residential property sale.

Real Estate Sales Agreement
This Sales Agreement (“Agreement”) is made on [Date] between [Seller Name], located at [Seller Address] (“Seller”), and [Buyer Name], located at [Buyer Address] (“Buyer”).

  1. Property Description: The Seller agrees to sell, and the Buyer agrees to purchase the property located at [Property Address].
  2. Purchase Price: The total purchase price for the property is $[Amount].

  3. Warranties:

    • The Seller warrants that the property is free from structural defects and has no known issues with plumbing, electrical, or HVAC systems at the time of sale.
    • The Seller agrees to indemnify the Buyer against any claims arising from undisclosed defects for a period of [X months/years].
  4. Inspection Rights: The Buyer has the right to conduct inspections prior to closing and may terminate the Agreement if significant defects are discovered.
  5. Governing Law: This Agreement shall be governed by the laws of the State of [State].

Notes: It’s advisable for buyers to obtain a home warranty policy for further protection after the sale.

These examples illustrate how sales agreements with warranties can be tailored to fit various industries and provide essential legal protections for both buyers and sellers.