Sale As Is Form With Clause

State:
California
Control #:
CA-00431B
Format:
Word; 
Rich Text
Instant download

Description

This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.


A Sale As-Is form with clause is a legal document used during the sale of a product or property to specify that the buyer accepts the item in its current condition, without any warranties or guarantees from the seller. This kind of agreement protects the seller from being held responsible for any defects or issues that may arise after the sale is completed. It is important for both parties to fully understand the implications of the Sale As-Is form with clause before entering into the transaction. The Sale As-Is form with clause can be used for various types of sales, including real estate, vehicles, electronics, appliances, or any other items that may be subject to wear and tear or possible defects. Here are some types of Sale As-Is form with clauses that are commonly used: 1. Real Estate Sale As-Is form with clause: This form is extensively used in the real estate industry, where buyers purchase properties in their existing condition, including any repairs, damages, or hidden issues that may not be immediately apparent. It is crucial for buyers to conduct thorough inspections and assessments before signing this agreement, as they will be responsible for all repairs or renovations after the purchase. Keywords: real estate, property, inspections, repairs, damages, hidden issues, renovations. 2. Vehicle Sale As-Is form with clause: This form is primarily used for selling automobiles and motorcycles. By using this agreement, the seller is absolved of any responsibility for mechanical issues, accidents, or damages that may exist at the time of the sale. It is advisable for buyers to perform a detailed inspection, request vehicle history reports, and test drive the vehicle before agreeing to the terms. Keywords: vehicle, automobile, motorcycle, mechanical issues, accidents, damages, vehicle history reports. 3. Electronics and Appliance Sale As-Is form with clause: This type of form is often used when selling electronic devices, such as computers, smartphones, TVs, or home appliances. By signing this agreement, the buyer acknowledges that the seller is not responsible for any defects, malfunctions, or warranty claims related to the item. It is crucial for buyers to test the products thoroughly before purchasing, as returns or refunds may not be available once the sale is completed. Keywords: electronics, appliances, defects, malfunctions, warranty claims, returns, refunds. In conclusion, a Sale As-Is form with clause is used to establish a clear understanding that the buyer accepts the item in its current condition, without any guarantees or warranties from the seller. Whether it is for real estate, vehicles, electronics, or appliances, this agreement protects the seller from any future liabilities related to the purchased item. It is essential for both parties to review and comprehend the terms of the sale before entering into the agreement to avoid any misunderstandings or complications in the future.

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FAQ

What is An As-Is Clause? An 'As-Is' clause is a type of contact clause used in a real estate agreement. It's effectively a disclaimer that tells the buyer they are purchasing a real estate property under their own judgment, and not based on the representation or statement of the seller.

Proposed clause: The Seller is selling this property in ?As Is? condition. Buyer acknowledges and agrees that Buyer is accepting the Property ?As Is? without any warranties, representations or guarantees, either expressed or implied, of any kind, nature or type whatsoever from or on behalf of the Seller.

"As is" denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item "with all faults", whether or not immediately apparent.

"As Is" alerts a buyer in a sales contract that they accept the purchased item, be it real estate, animals, automobiles or appliances, in its present condition. It also assumes the buyer has a right to inspect the property first so they can assess any defects and make an informed decision.

The purpose of an ?as is? clause and warranty disclaimer is generally to force the buyer to perform and rely upon its own due diligence investigations, rather than upon the seller's representations, in determining whether or not to purchase the property.

More info

Definition. A clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair. An AsIs bill of sale form manifests an authentic material account of the sale of an item in a stipulated condition for an amount of money.The aforementioned property being sold under this Bill of Sale is on an "AS-IS" basis and any known or unknown defects shall be the sole liability of the Buyer. This process calls for a complete, well-drafted bill of sale. C. Complete this form yourself. d. If some items do not apply to your property, check "NA" (Non-applicable). Complete the Odometer Disclosure Statement on the back of this form. The buyer agrees to accept the item with any known or potentially unknown defects in the property. 30-Dec-2020 — (j). 04-Oct-2023 — If you operate a SaaS app, a "Termination clause" will be very important.

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Sale As Is Form With Clause