What is a back to back warranty?
Asked by: Dr. Baron Gutmann | Last update: August 16, 2025Score: 4.4/5 (47 votes)
What is the meaning of back to back guarantee?
What does Back to back warranties mean? If a resale of the target company/target business is to follow the initial transaction, the two transactions can be seen as 'back to back'. 'Back to back' warranty provisions act to protect the buyer's position in the two transactions.
What is a back to back policy?
These products are often colloquially referred to as 'back-to-back' policies, and they are not a recent innovation. The basic structure of the product is that the client pays a lump sum, and in return, the insurer provides an income for life with a guarantee of the initial capital paid back on death.
What are the three types of warranty?
The Three Different Types of Warranties. Generally, there are three warranty types relating to product liability claims: express warranties, implied warranty of fitness for particular purpose, and implied warranty of merchantability. These are specific legal terms that are unfamiliar to most.
What is a back to base warranty?
used to describe an agreement in which goods can be replaced or repaired if the buyer returns them to the place they came from: All our machines have a 2-year return-to-base guarantee.
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What are back to back warranties?
A clause to be inserted into an asset purchase agreement where the parties have agreed to give warranties on a "back-to-back" basis. This allows the buyer to give a subsequent buyer of the business and assets the same warranties that it received from the seller.
What is the meaning of back to base?
Back to Base means that the costs associated with the transporting of a Product between the Service Agent and the End User is the End Users responsibility. ( See clauses 1.1 and 2.4) Sample 1.
What warranties usually do not cover?
Warranties mainly cover defects and provide repairs or replacement but do not usually include common wear and tear, vandalism, natural disasters, or accidents.
What are the 3 C's of warranty?
To be worth the price charged for the repair or claimed via warranty, ROs must capture the 3C's: complaint (beginning), cause (middle), and correction (end).
Does warranty mean free repair?
Warranty terms can vary from free repairs on the defective product to complete replacement. The owner may be instructed to bring the product to the nearest authorized repairman, the seller, or ship it to the manufacturer.
What is the meaning of back to back insurance?
In essence, a back-to-back deductible is simply an insurance contract in which the deductible is equal to the full coverage amount.
What does back to back mean in a contract?
With a back-to-back agreement you are essentially flowing down terms from one contract into another contract to enhance your ability to comply with the contract with your customer.
What is a back to back clause?
Most of the main contractors include a back-to-back clause in their subcontract agreements with their subcontractors. These back-to back-clauses ensure that the main contractor will not be liable to pay the subcontractor payments, unless the main contractor receives the equivalent payment from the employer.
What is an example of back to back?
It was their first back-to-back league defeats this season. Most of us lived in back-to-back terrace houses and council houses. We have played three major series back-to-back and that has taken a toll on him. The entire fifth series is shown back-to-back.
What is a back to back plan?
What is a Back to Back Plan? A Back-to-back Plan is an estate planning tool ideal for people who continue to need income from their capital, but want to reduce their IHT liability.
What is a reverse warranty?
The Buyer is not actually aware of any circumstances which they know gives rise to a Breach Claim (other than a Tax Claim) save to the extent notified to the Seller in writing prior to Closing.
What is the most common warranty?
Two of the most popular types of manufacturer's warranties are powertrain warranties and bumper-to-bumper warranties. Powertrain warranty: Only covers damage to the vehicle's propulsion system, including the engine, driveshaft and transmission.
What are the three basic rules of warranty liability?
A product liability claim based in warranty requires proof that (1) the defendant warranted the product (express or implied) to plaintiff, (2) there was a breach of that warranty in that the product was defective at the time it left the control of the defendant, and (3) the defect proximately caused plaintiff damage.
What are the two types of warranties?
The two main types are express and implied warranties. An express warranty is clearly stated either verbally or in writing. An implied warranty automatically covers most consumer goods but only provides a base level of consumer protection.
What damage is not covered by warranty?
Examples of physical damage include dropping a product, water or fire damage, or any other type of damage caused by user error or external forces. In most cases, physical damage is not covered under the warranty and is the responsibility of the user to repair or replace the item.
How long does a company have to honor a warranty?
Generally, there is no specified duration for implied warranties under state laws. However, the state statutes of limitations for breach of either an express or an implied warranty are generally four years from date of purchase.
Are toilets covered under a home warranty?
Yes, leaks due to normal wear and tear are typically covered. Issues from improper installation or neglect are not.
Why is it called a back to back?
Back-to-back things come right after each other. Two back-to-back baseball games are played in a row. Back-to-back has been used to describe houses that are literally back-to-back with no separation.
What is the meaning of back to base warranty?
“Back to Base” is where You deliver your Product to and collect it from a Service Agent. “Consumable” includes (without limitation) ink cartridges, toner cartridges, paper, waste pads and lamps.
What does back to basis mean?
adjective. stressing simplicity and adherence to fundamental principles: The movement suggests a back-to-basics approach to living for those whose lives have become complicated. emphasizing or based upon the teaching of such basic subjects as reading, arithmetic, grammar, or history in a traditional way.