Microtech's lifetime warranty:
"We believe that when you purchase a Microtech knife, you have bought the best. Our talented associates work hard to ensure that the quality of every knife surpasses your expectations. We stand behind the first-class materials, quality craftsmanship and durability of our knives.
Microtech Knives proudly and confidently extends a Lifetime Warranty against any defects in materials or workmanship. We expect you to use the knife. We made it with that in mind.
The term “Lifetime” refers to the lifetime of the product. This doesn’t mean your lifetime or ours, but rather the lifetime of the components and materials. All materials degrade over time with use and exposure to the elements and a product’s lifetime is a function of how much use it gets and how well it is cared for and not by how old it is."
It's the old "buy once, cry once". Pay more, get a better product with a company that stands behind their product. They will always have a resale value which a cheap knife will never have. With Microtech you will always get something back, depending on the model, you may get more than you paid as some models appreciate.