As Is Contract For Sale And Purchase

As Is Contract For Sale And Purchase Template for Philippines

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your As Is Contract For Sale And Purchase

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need an As Is Contract For Sale And Purchase under Philippine law for the sale of a used manufacturing equipment to a local business, with payment to be made in three installments and delivery scheduled for March 2025."

Document background

The As Is Contract For Sale And Purchase is commonly used in the Philippines when parties wish to complete a sale transaction with minimal post-sale obligations for the seller. This document is particularly relevant in situations involving used equipment, pre-owned properties, distressed assets, or items where the seller wants to limit their liability for the condition of the goods. The contract, governed by Philippine law, explicitly documents the buyer's acceptance of the property or item in its current state, following inspection opportunities. It includes comprehensive details about the property's condition, known defects, and clear disclaimers of warranties. This type of agreement is frequently used in both commercial and private transactions, providing legal protection for sellers while ensuring buyers make informed decisions with full awareness of the purchase conditions. The document must comply with the Civil Code of the Philippines, particularly its provisions on sales and obligations, while also considering relevant consumer protection laws and local regulations.

Suggested Sections

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal capacity to enter into the contract

2. Background: Establishes the context of the sale and the parties' intention to enter into an 'as is' transaction

3. Definitions: Defines key terms used throughout the agreement, including 'As Is' condition and other relevant terminology

4. Subject Matter of Sale: Detailed description of the property or item being sold in its current condition

5. Purchase Price: Specifies the agreed purchase price and payment terms

6. As Is Condition: Explicitly states that the property/item is being sold 'as is' and details the implications

7. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of the current condition

8. Seller's Representations: Limited representations regarding ownership and authority to sell

9. Closing and Transfer: Details of the closing process and transfer of ownership

10. Costs and Taxes: Allocation of transaction costs, taxes, and fees

11. Governing Law: Specifies Philippine law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Due Diligence Period: Optional section when buyer requires time to conduct inspections before final commitment

2. Broker Involvement: Required if real estate brokers or agents are involved in the transaction

3. Contingencies: Added when sale is subject to specific conditions like financing or regulatory approvals

4. Environmental Matters: Important for real property transactions where environmental issues may be relevant

5. Possession and Risk: Added when transfer of possession differs from transfer of ownership

6. Security Provisions: Required when payment is made in installments

7. Registration Requirements: Added for transactions requiring specific registration with government agencies

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property/item being sold

2. Inspection Report: Documentation of current condition and any known defects

3. Payment Schedule: If payment is to be made in installments

4. Title Documents: Copies of relevant ownership documents

5. Photographs: Visual documentation of the current condition

6. Delivery Protocol: Procedures for physical transfer of the property/item

7. List of Known Defects: Comprehensive list of known issues or defects

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Manufacturing

Automotive

Industrial Equipment

Construction

Agriculture

Retail

Technology

Maritime

Mining

Heavy Equipment

Asset Management

Property Development

Relevant Teams

Legal

Procurement

Asset Management

Real Estate

Operations

Finance

Risk Management

Compliance

Property Management

Sales

Business Development

Investment

Facilities Management

Relevant Roles

Legal Counsel

Procurement Manager

Asset Manager

Real Estate Agent

Property Manager

Business Development Manager

Contract Administrator

Risk Manager

Facilities Manager

Operations Director

Chief Financial Officer

Investment Manager

Sales Manager

Corporate Secretary

Compliance Officer

Find the exact document you need

Real Estate Selling Contract Form

A standardized contract for real estate sales in the Philippines, ensuring compliance with local property laws while facilitating proper transfer of ownership.

������Ƶ

How a Sales & Marketing Lead uses ������Ƶ to reduce contract drafting time by 95%

Let's create your As Is Contract For Sale And Purchase

Authors

Alex Denne

Find the exact document you need

Real Estate Selling Contract Form

Car Purchase Agreement (Real Estate)

Buy Sell Contract Form

Purchase Agreement For Vacant Lot

Buy Sell Car Agreement Form

Land Buying Agreement Form

Sell Agreement Of Land

Realty Purchase Agreement

Purchase Sale Agreement Commercial (Real Estate)

Buy Sell Agreement Life (Insurance)

Vehicle Sales And Purchase Agreement

Assignment Of Purchase And Sale Agreement Form

Agreement For Sale Of Business

Real Estate Buyer Seller Agreement Form

Private Party Auto Purchase Agreement

Real Estate Contract Of Sale

Sell Agreement

Conditional Purchase Agreement

Agreement For Purchase And Sale Of Real Property

Simple Lot Purchase Agreement

House Selling Agreement Form

Residential Sale And Purchase Contract

Standard House Purchase Contract

Standard Land Purchase And Sale Agreement

Contract For Selling A Car In Payments

Purchase And Resale Agreement

Agreement For Sale Of Agricultural Land

Property Sale Contract Between Seller And Buyer

Residential Contract For Sale And Purchase

Private Land Purchase Agreement

Standard Sale And Purchase Agreement

Short Sale Purchase Agreement

Agreement For Sale Of Motor Vehicle

Simple Real Estate Sales Agreement

As Is Contract For Sale And Purchase

Commercial Property Purchase And Sale Agreement

Lot Purchase Contract

Sale Purchase Form

Residential Sale Contract

Intent To Sell Agreement

Buy Sell Agreement For A House

Asset Purchase Agreement Installment Payments

As Is Home Purchase Agreement

Agreement Of Purchase And Sale Condominium

Residential Real Estate Purchase Agreement

Simple Real Estate Purchase Contract

Purchase Agreement Mobile Home Bill Of Sale

Home Sale Agreement

Sale Contract Agreement

Agreement To Sell Real Estate Contract

Purchase Agreement Personal Property

Legal Real Estate Contract

Vacant Land Purchase Contract

International Purchase Contract

Buy Sell Agreement Cross Purchase

Real Estate Contract Form

Purchase And Sale Agreement Oil And Gas

Land Purchase And Sale Agreement

Equipment Purchase And Sale Agreement

Building Purchase Agreement

Purchase Agreement For Commercial Property

Deed Of Sale Contract

Offer Purchase Contract

Boat Purchase Agreement

Installment Purchase Contract

Standard Purchase And Sale Agreement

Real Estate Addendum Form

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise