garantijos
Garantijos is the Lithuanian term for guarantees or warranties. In broad terms, a guarantee is a commitment by one party to fulfill an obligation if another party fails to do so. In consumer contexts, a guarantee or warranty is a promise that goods or services will meet stated standards or that defects will be repaired, replaced, or refunded within a specified period.
- Statutory or legal guarantees: obligations imposed by law that protect consumers or contractual partners, outlining minimum
- Commercial warranties: additional assurances provided by manufacturers or sellers, often extending coverage beyond statutory rights and
- Financial guarantees: instruments such as bank guarantees or performance guarantees that ensure payment or performance by
In some contexts the terms are used interchangeably, but distinctions exist. A guarantee often refers to an
The word garantija derives from French garantie, with roots in Latin guarantia. In legal and commercial documents,
For any garantijos, parties should document scope, duration, exclusions, claim procedures, and remedies. Since rights and