A warranty is a legally binding promise from the manufacturer that their product will perform as expected for a certain period of time. It provides a guarantee to the consumer that they will be protected if the product fails or has defects.
Here are some other terms related to this concept:
* Guarantee: Similar to a warranty, but sometimes used more broadly for promises that go beyond the product itself.
* Service contract: A separate agreement that provides additional coverage or service beyond the manufacturer's warranty.
* Guarantee of quality: A general term referring to the overall assurance of the product's quality.
* Performance guarantee: A specific promise about the product's performance.
Let me know if you have any other questions!