A Limited Warranty is a guarantee provided by a manufacturer or seller that covers specific repairs or replacements for a product under certain conditions. This warranty typically outlines what is included, such as parts and labor, and specifies the duration of coverage. It does not cover all issues, and exclusions may apply, such as damage from misuse or accidents. Consumers should carefully read the terms of a Limited Warranty to understand their rights and responsibilities. If a product fails within the warranty period due to covered reasons, the manufacturer or seller is obligated to repair or replace it, ensuring customer satisfaction and product reliability.