Warranty

A guarantee or promise which provides assurance by one party to the other party that specific facts or conditions are true or will happen. The factual guarantee may be enforced regardless of materiality which allows for a legal remedy if that promise is not true or is not followed. Although a warranty in its simplest form is an element of a contract, some warranties run with a product so that a manufacturer makes the warranty to a consumer with which the manufacturer has no direct contractual relationship.