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Sample Warranty Certificate is Available

Sample Warranty Certificate is Available

Hungary
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From 2021, the rules on warranty for consumer durables (e.g. household appliances, kitchen appliances, gas appliances) have been comprehensively modernised. As a result of the changes, businesses must repair or replace defective products under warranty within a short period of time. In addition, the instrument for enforcing repair and replacement claims, i.e. the warranty certificate has also been affected by the amendments in September 2021. The Ministry of Innovation and Technology (ITM) created a warranty certificate template with a content agreed with trade associations to support the undertakings in their compliance.

The minimum content of the warranty certificate is detailed in a government decree. It must include the name and address of the enterprise; if different from the enterprise, the name and address of the manufacturer; the name and type of the product and if available, its serial number. The exact date of purchase or putting into service is essential for the start of the warranty period. From the beginning of 2021, the stamp of the company and the signature of its representative at the issue of the certificate must also be indicated on the warranty certificate.

From 1 January 2021, increased attention must be taken to ensure that the warranty certificate always indicates the warranty period for the product, which may be one, two or three years, depending on the selling price. Although not required by the laws, it is also advisable to specify the purchase price for the same reason.

According to the Deputy State Secretary for Consumer Protection, six out of ten shops have to comply fully with the changed rules. ITM is now helping enterprises to issue a fully compliant warranty certificate by providing a template that is agreed by professional organisations. Such template warranty certificate can be downloaded from the Consumer Protection Portal, however its use is not compulsory.

By Lidia Suveges, Attorney at law, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com