The As Is Bill of Sale is a crucial document used in Belgian business and private transactions when transferring ownership of property without warranties or guarantees. It's particularly useful for selling used items, pre-owned equipment, or assets where the seller wishes to explicitly limit their liability regarding the item's condition. The document, governed by Belgian civil law and the Belgian Civil Code, includes essential information such as party details, property description, purchase price, and explicit "as is" disclaimers. It's commonly used in situations where the buyer has inspected or had the opportunity to inspect the property and agrees to accept it in its current condition. The document provides protection for sellers while ensuring transparency for buyers regarding the absence of warranties.
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1. Parties: Identification of the seller and buyer with full legal names, addresses, and any relevant registration numbers for legal entities
2. Background: Brief context of the sale and statement that the seller wishes to sell and the buyer wishes to buy the property in its current condition
3. Definitions: Key terms used in the document, including 'Property', 'As Is Condition', and 'Transfer Date'
4. Property Description: Detailed description of the property being sold, including any identifying characteristics, serial numbers, or relevant specifications
5. Purchase Price: The agreed purchase price and payment method
6. As Is Condition: Express statement that the property is sold 'as is' with no warranties, along with buyer's acknowledgment of the condition
7. Transfer of Title: Statement of when and how title transfers from seller to buyer
8. Signatures: Execution block for both parties with date and place of signing
1. Payment Terms: Include when payment is not made in full at signing, detailing installment schedule or delayed payment arrangements
2. Delivery Terms: Include when the property is not immediately transferred at signing, specifying delivery arrangements and responsibilities
3. Inspection Acknowledgment: Include when the buyer has conducted a pre-purchase inspection, documenting their satisfaction with the inspection
4. Third-Party Claims: Include when there's a need to address potential third-party claims or liens on the property
5. Governing Language: Include when the contract might be translated into multiple languages, establishing which version prevails
1. Schedule A - Property Details: Detailed technical specifications, photographs, or detailed descriptions of the property being sold
2. Schedule B - Condition Report: Documentation of the current condition of the property, including any known defects or damage
3. Schedule C - Payment Details: If payment terms are complex, detailed breakdown of payment schedule and methods
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