Q. Is there a difference between a warranty and a guarantee?
A. Yes. Both are documents to protect the customer’s rights, and will describe the responsibility of a manufacturer or contractor after completion of construction.
A warranty is a two party agreement, which provides an assurance by the contractor, that they will assume stipulated responsibilities for correction of defects in the goods, within a stated period of time.
A guarantee is a three party agreement in which the third party guarantees the performance of an obligation to the owner, in the event of default of the contractor or manufacturer.