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TeachMeFinance.com - explain Warranty contracts Warranty contracts The term 'Warranty contracts' as it applies to the area of energy can be defined as ' Gas purchase agreements for the sale of natural gas by a producer to a pipeline company wherein the producer warrants it will have available sufficient gas supplies to meet its commitments over the life of the contract. Generally, the producer does not dedicate gas reserves underlying any specific acreage, lease, or fields to the agreement. Substitution of various sources of gas supply may be permitted according to the terms of the contract. Warranty contracts, by their terms, may vary from the above'. Previous 5 Terms: Warm Sector Warm-water fishery Warning Warning stage Warning time (WT) Next 5 Terms: Wasatch Wind WASDE Wash load Wash versus trim Washington Publishing Company About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.