Texas Class A Unit Purchase Agreement - Open Source
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How to fill out Class A Unit Purchase Agreement - Open Source?
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: a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair. Note: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale.
PURCHASER EXPRESSLY AGREES THAT THE PROPERTY IS OR WILL BE SOLD ?AS IS, WHERE IS, WITH ALL FAULTS?, WITHOUT ANY WARRANTY OR REPRESENTATION, EX- PRESS, IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT NOT LIM- ITED TO, ANY WARRANTY OF CONDITION, HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, ...
If a seller has to disclose so much, you may wonder what as-is clauses mean and what their purpose is. Put simply, an as-is clause is a statement that the buyer acknowledges and accepts that they are purchasing the property in its current condition and without any guarantees or warranties from the seller.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
The Property will be sold by Seller and purchased by Buyer ?AS IS AND WITH ALL FAULTS? and without representation by Seller, and no patent or latent condition affecting the Property in any way, whether known or unknown, discoverable or hereafter discovered, shall affect any of Buyer's obligations contained in this ...
A standard sales contract should include: Names and contact information for all involved parties. Description of the equipment. Payment terms. Delivery terms. Warranties and guarantees.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
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.