Understanding Warranties, Guarantees and Indemnities

Most people who have negotiated a goods or services contract will have come across the terms indemnity, guarantee and warranty.  They are a part of practically every contract.

Many assume that all warranties, indemnities and guarantees are the same. In reality, this is far from the case. Before signing any contract, it is important to understand exactly what your legal obligations will be. You also need to know how any guarantee, indemnity or warranty will be enforced.

The same is true if a third party is giving you a guarantee, warranty or indemnity. You need to understand the terms of their guarantee in order to establish whether it offers you sufficient protection. Knowing this will ensure that you can enforce those rights should you need to at some point in the future.

For more information about guarantees, indemnities and warranties read our Your Responsibilities section.

Before entering into a contract, it is always wise to speak to your lawyer first.

You can contact us at Hylton Potts for further advice. We can be called on 0207 381 8111 or contacted via email.