repair and replace provisionglossary / REPAIR-AND-REPLACE PROVISION repair-and-replace provision. A contractual clause providing that a product’s defect will be remedied by repairing or replacing the defective part or product. 词条贡献者 译员Susanne,知名国际商学院金融专业,专注翻译各种与并购诉讼有关的法律文件。