Keg Smiths warrants the product against defects in materials and workmanship for a period of one (1) year from the date of original purchase ("Warranty Period") when the Product is purchased directly or through an authorized reseller. If a defect arises and a valid claim is received by Keg Smiths within the warranty period, we will repair the product or exchange the product with a functionally equivalent new product. Keg Smiths warrants repaired products and replacement products against defects in materials and workmanship from the date of the repair or replacement for ninety (90) days or, if longer, for the remainder of the warranty period. If the product is exchanged, the replacement product belongs to the customer, while the defective unit then belongs to Keg Smiths. When a refund is given, the product becomes Keg Smiths' property and must be returned.