In the construction law space, a common misconception is the concept that exposure to claims ends after the expiration of a one-year warranty.
The Fiction of the One-year Warranty
The false sense of security a construction firm may have after its one-year contractual warranty expires can lead to problems if post-warranty claims are not handled correctly. A written warranty is like any other clause in a contract – it is an agreement between the parties with a certain scope defined by its terms. Believing that a construction firm’s exposure to claims ends after a year is the fiction of the one-year warranty.
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