Warranty disclaimers and waivers are legal tools used by businesses to limit or exclude certain liabilities or obligations regarding the quality or performance of their products or services. A warranty disclaimer explicitly states that the seller makes no guarantees or warranties about a product's condition, and the buyer accepts it "as is" or "with all faults." On the other hand, a waiver is a voluntary relinquishment of a right, and in the context of business transactions, it often involves customers giving up certain legal claims or rights in specific situations. Both warranty disclaimers and waivers serve to define the terms of a transaction, manage expectations, and protect businesses from potential legal disputes.

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