Examlex
Which of the following should be included in an effective SOW?
Breach of Warranty
A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.
Exemption Clauses
Provisions in a contract that limit or exclude one party’s liability under certain circumstances.
Frustrated Contracts Act
Legislation that addresses situations where a contract, through no fault of the parties involved, cannot be fulfilled.
Deposit
Money prepaid with the provision that the funds are to be forfeited in the event of a breach of contract.
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