Document background
The As Is Bill of Sale is a crucial document in Hong Kong commercial transactions where property is sold in its existing condition without warranties. It is commonly used when selling used equipment, vehicles, machinery, or other assets where the seller wishes to transfer ownership without assuming ongoing liability for the property's condition. The document complies with Hong Kong legal requirements, particularly the Sale of Goods Ordinance (Cap. 26) and Control of Exemption Clauses Ordinance (Cap. 71). It's particularly useful in situations where the buyer has had the opportunity to inspect the property and agrees to accept it with all existing faults or defects. The As Is Bill of Sale serves both as proof of the transaction and as protection for the seller against future claims regarding the property's condition.
