Common Contracts
1 similar Service Contract contracts
Service Contract Agreement Terms and ConditionsService Contract • August 27th, 2008
This Service Contract covers the cost of repairing or replacing a mechanical or electrical failure of the Covered Product caused by defects in workmanship or materials or by normal wear and tear. The Covered Product may either be repaired or may be replaced at Our discretion with an equivalent model of like kind and quality, or a voucher may be issued at Our discretion for the original purchase price. The replacement may be new or rebuilt to meet the manufacturer’s specifications of the original product. Our liability is limited, at Our option, to the lesser of: 1) the actual cost of repair; 2) replacement of the Covered Product or any defective part; or 3) the original purchase price of the Covered Product. Replacement parts may be either new or remanufactured and will be obtained at the least expensive exchange-basis possible. Parts that are replaced become Our property and are to be returned to Us upon request, at Our cost, subject to applicable state law.
