Terms to Know: Limitation of Liability
The limitation of liability is where a seller limits the kinds of remedies a buyer can get if the warranties or other parts of the...
Terms to know: Disclaimers
A savvy Seller will protect themself with a well-drafted express warranty, and will “disclaim” implied warranties. This is perfectly...
Terms to Know: Implied Warranty
There are several implied terms in every contract that are provided in commercial statutes. Here is an overview of what these implied...