PROVIDING EXTENDED WARRANTIES ON AUTOMATIC

Brand	Owner	Address	Description
SMART WARRANTY	L.R. NELSON CORPORATION	One Sprinkler Lane Peoria IL 61615	providing extended warranties on automatic irrigation controller components parts;WARRANTY;
	Where the owner name is not linked, that owner no longer owns the brand

Technical Examples

A system and method for providing warranties that financially guarantee one or more facts associated with an electronic transaction. In a preferred embodiment, warranties issued to the present system comprise a contract between a first party and a second party in which the first party: (1) warrants one or more warranted facts (2) for damages up to a warranted amount (3) if claimed by a relying customer within a claim period. The warranty is preferably issued by a participant in response to a request received from a customer that specifies a desired warranted amount and claim period. The participant and root entity evaluate the request in light of a plurality of factors and determine whether or not the warranty should be issued. In a preferred embodiment, the warranty comprises a contract between the buyer and its issuing participant. The seller is preferably a third-party beneficiary of this contract.