Warranties

Promises provided to the purchasing organization in a contract (generally regarding the quality, longevity, and sustainability of the goods or services procured). You have the right to be indemnified (collect damages) if the warranty is not satisfied. There are differences between “expressed” (clearly in writing) and “implied” (understood from the context) warranties and how each is interpreted. 

Disclaimer: The views and opinions expressed in this article are those of the Subject Matter Experts and do not necessarily reflect the official policy or position of The Procurement School.