Document background
The As Is Sale Agreement is a specialized contract used in the Philippines when selling property or assets where the seller wishes to transfer items in their present condition without providing warranties beyond title and ownership. This document type is particularly useful for sales of used equipment, distressed assets, or properties requiring renovation. It complies with Philippine Civil Code requirements while incorporating specific provisions that limit seller liability and document the buyer's acknowledgment of the asset's condition. The agreement is commonly used in both commercial and private transactions, particularly when dealing with second-hand items, foreclosed properties, or assets where the seller cannot or does not wish to provide extensive warranties about the item's condition or future performance.
