Document background
The As Is Purchase Agreement is commonly used in Singapore when parties wish to conduct a sale where the goods are transferred in their existing condition without warranties or representations. This document is particularly useful for second-hand goods, distressed sales, or situations where the seller cannot or does not wish to provide guarantees about the goods' condition. The agreement complies with Singapore's legal framework, including the Sale of Goods Act and Unfair Contract Terms Act, while providing clear documentation of the parties' understanding that the goods are sold 'as is'. It typically includes detailed descriptions of the goods, known defects, and explicit disclaimers of warranties.
