Bill Of Sale As Is With No Warranty
Description
How to fill out Connecticut Bill Of Sale Without Warranty By Corporate Seller?
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FAQ
As Is - No Dealer Warranty means the dealer won't pay for any problems or needed repairs. You're assuming the risk of anything that goes wrong after the sale.
The as-is section should also state that the seller transfers the property ?without any guarantees or warranties of any kind, express or implied.? This legal language clarifies that the transaction is as-is and does not grant any warranty or guarantee on the property's condition.
Best practice is - your receipt should note the date of the transaction, the amount and include a line that states 'Purchased as is - no warranty given or implied' and should be signed by both parties to the transaction.
?As is? refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase.
"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.