Document background
The As Is Bill of Sale is a crucial document in Malaysian commercial transactions where the seller wishes to transfer property without providing any warranties or guarantees about its condition. This document is commonly used in the sale of used equipment, vehicles, or other personal property where the buyer has had the opportunity to inspect the item and accepts it in its current state. The document complies with Malaysian contract law requirements and typically includes detailed information about the parties, property description, purchase price, and explicit 'as is' disclaimers. It's particularly important in protecting sellers from future claims about the property's condition while providing buyers with clear documentation of ownership transfer. The document should be properly stamped under the Stamp Act 1949 to be admissible in Malaysian courts.
