Yes. The manufacturers have rewritten the warranty language to include "original purchaser only" or "warrantied against defects of material and workmanship'' (which has been the rule forever just not enforced) They added "not warranted against abuse or wear out" which is fair. Also "Lifetime" is the life of the tool and not your lifetime. When the tool is worn out and no longer works as designed, the warranty is over and you should buy a new tool. (see what they did there)