A 'warrantee' (plural: 'warrantees') is the person or entity to whom a warranty is granted, meaning they are the beneficiary of a guarantee from a seller or manufacturer. This guarantee assures that a product or service will meet a specified standard of quality, performance, and reliability for a predetermined period. If the product or service fails to meet these standards within the warranty period, the warrantee is entitled to remedies such as repair, replacement, or a refund. Essentially, a warrantee holds the promise of the warrantor, representing a contractual obligation to provide certain protections.
Warrantees meaning with examples
- The electronics retailer assured the consumer, the warrantee, that their new laptop was covered by a one-year manufacturer's warranty. The warrantee could expect free repairs for any defects appearing during the year, safeguarding them from financial loss. This reassurance increased sales because the warrantee felt less risk when purchasing.
- As the original purchaser of the car, the warrantee was entitled to a five-year bumper-to-bumper warranty. Any mechanical problems within those five years would be fixed free of charge by the dealer. Knowing this coverage reduced anxiety and solidified their position of financial security, giving them assurance.
- The contract clearly designated the homeowner as the warrantee for the new roof installation, ensuring the contractor would fix any leaks for ten years. Should problems arise the warrantee would have their problems swiftly dealt with by the contractor as part of the service.
- When they bought the extended service plan, they knew their purchase was protected, the warrantee now had two years of free parts. This long-term warranty covered appliances and electronics, granting the buyer peace of mind because they were protected from financial loss.
- During the negotiation process, the business owner made certain they would be the primary warrantee, guaranteeing service coverage. A clear understanding of their rights allowed them to be sure that the business would deliver on its promises as a customer.