Examination and analysis of contractual assurances

Contractual assurances are the most appropriate tool in direction to counter with violation of performing contractual obligations by the other parties; in order to reach this purpose, consumer of product and service receivers seek these obligations related to contractual assurances. Generally speaking, current assurance in contracts are assurances which assure appropriate performance of contract and assure optimum situation after performance of contract. These significant assurances are epitomized in mandatory fund or delay of contractual obligations or assurances which is undertaken by third parties. it must be mentioned too that assurances of function of object of sale or services are included in warranties and guarantees which could be annexed to contracts as a separate obligation or are part of contracts. the authors reached to this conclusion that it is possible and necessary to aggregate various contractual assurances Also case study in contracts of organization divulge this point that in application of different assurance, there is no harmony among contract of organization. And recommend that all examined contractual assurances in addition to current legal assurances inserted in contracts.