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Exploring the Legal Definition of New Covered Product
Definition & Meaning
A new covered product is defined as a product that has not yet been sold to a buyer for personal use. Specifically, it refers to a product that has not been transferred to a purchaser who intends to use it rather than resell or lease it, and this condition must be met for a period exceeding one year. This definition is significant in the context of regulations concerning energy consumption and water use disclosures for certain home appliances and other products.
Table of content
Legal Use & context
The term "new covered product" is primarily used in consumer protection law, particularly under the Energy Policy and Conservation Act. It is relevant in legal discussions regarding the labeling and marketing of home appliances. Understanding this term can help consumers identify which products are subject to specific energy efficiency disclosures. Users can manage related legal documents using templates available from US Legal Forms, which are drafted by licensed attorneys.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A manufacturer sells a refrigerator to a retailer, and the retailer has not sold it to a consumer for over a year. This refrigerator is considered a new covered product until it is sold to an end-user.
Example 2: A company buys a washing machine for its office but decides not to use it for over a year. This washing machine remains a new covered product until it is sold to an individual for personal use. (hypothetical example)
Relevant laws & statutes
The primary regulation governing new covered products is the Energy Policy and Conservation Act, specifically the Appliance Labeling Rule outlined in 16 CFR 305.2. This rule mandates that manufacturers provide clear information about the energy consumption and water use of covered products.
Comparison with related terms
Term
Definition
Differences
Covered Product
A product that falls under specific regulations regarding energy consumption.
A new covered product has not been sold for personal use, while a covered product may have been.
Used Product
A product that has been previously owned or used.
A new covered product is unused and unsold, while a used product has been owned by someone else.
Common misunderstandings
What to do if this term applies to you
If you believe you are dealing with a new covered product, ensure you understand the energy consumption disclosures required by law. You might want to explore legal form templates available through US Legal Forms to assist with any necessary documentation. If your situation is complex or involves significant legal implications, consider consulting a legal professional for tailored advice.
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