Document background
The As Is Sale Contract is a specialized agreement used in Denmark when parties wish to transfer assets in their existing condition without traditional warranties or guarantees. This document type is particularly relevant when selling used equipment, property, or other assets where the seller wants to limit their liability regarding the asset's condition. The contract must comply with Danish legislation, particularly the Sale of Goods Act (Købeloven) Section 48 regarding 'as is' sales, while also considering the Danish Contracts Act and other relevant regulations. It's commonly used in both business-to-business and business-to-consumer transactions, though consumer protection laws may limit its application in consumer sales. The document includes crucial elements such as detailed asset descriptions, condition reports, known defects, and explicit acknowledgments from the buyer regarding their acceptance of the asset's condition.
