As Is Bill of Sale Form Template [Printable Word Editable]

An As Is Bill of Sale is a legal document that captures the sale and ownership transfers of an item in the present state without warranties and guarantees. The buyer receives the item in its original state; that is, the seller is not liable for any defects or any other problems after the sale has taken place. This form of contract is usually applied to used cars, equipment, furniture, electronics, and other property.

Related Products:

• ATV Bill of Sale
• UTV Bill of Sale
• Blank Bill of Sale
• Furniture Bill of Sale

A Bill of Sale As Is will give the parties a clear picture and safeguard them. The seller is not liable for further responsibility after the item has passed their possession, and the buyer has acquired documented evidence of ownership, and is liable for the entire responsibility of the property condition. Neither does it create conflicts as it explicitly puts it down that nothing is made on the quality, performance, or longevity of the item.

PrintableAs-Iss Bill of Sale Form Template [Word Editable]

When an As Is Bill of Sale is duly and diligently filled out, it becomes not just a purchase receipt, but it is a legally binding document that takes care of the terms of the purchase clearly. This document describes the given item to be sold, the state of its existence at the time of purchase, the agreed purchase price, and the payment method that will be accepted by both the buyer and the seller.

Since it points out that the item is being sold as is, it ensures that the purchaser knows they are taking it as is and are not guaranteed or promised regarding its quality, use, or any other potential issues in the future. In writing down such important details, the As Is Bill of Sale will save the buyer and the seller from disputes, misunderstandings, or misrepresentation claims far after the transaction has been made, establishing an open space and legal defense of all parties involved.

Key Points of an As-Is Bill of Sale

1. Buyer/Seller Information– Full legal names, addresses, phone numbers, and signatures of both.
2. Transaction Date– Day of sale, which is the evidence of transfer and release of liabilities.
3. Item Details– Detailed description of the item on sale, including make/ model, year, serial number, color, and distinguishing features.
4. Condition Statement– This is a statement that affirms the sale of the item in its existing condition without any warranties or guarantees or any obligation on the part of the seller therein.
5. Purchase Price and Method of payment- States the price of the sale and mode of payment- cash, check, transfer, or installment (where agreed).
6. Liability Release Clause- This releases the seller from future defects, damage, or problems in case ownership is passed on.
7. Inspection Acknowledgment – It means that the buyer was able to inspect the item before purchasing and that he is willing to accept it as it is.
8. Taxes & Fees Responsibility– Determines the party to pay sales tax, registration fee (assuming it exists), or transfer fee (assuming it exists).
9. Optional Notarization – Optional notarization may be included even though it is not always needed, and is an addition of legal validity and evidence.