The As Is Purchase Agreement is a specialized contract used in the Philippines when parties wish to complete a sale transaction where the buyer explicitly accepts the subject matter of the sale in its current condition, without warranties regarding its state or functionality. This document is particularly useful for transactions involving used equipment, secondary market sales, distressed assets, or properties requiring renovation. The agreement must comply with Philippine Civil Code requirements while incorporating specific provisions that clearly document the buyer's acceptance of the item's current condition and waiver of future claims related to its state. It's commonly used in both commercial and private transactions where the seller wants to limit their liability regarding the condition of the sold item, while still maintaining compliance with mandatory provisions of Philippine consumer protection laws.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides complete details of the seller and buyer, including their legal capacity to enter into the agreement
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 and Payment Terms: Specifies the agreed purchase price and payment method, including any installment arrangements
6. As Is Condition and Disclaimer: Explicit statement that the property/item is being sold 'as is' with all faults and defects, known and unknown
7. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of the current condition of the property/item
8. Transfer of Title and Risk: Specifies when and how ownership and risk transfer from seller to buyer
9. Closing and Delivery: Details of when and how the sale will be completed and the property/item delivered
10. Representations and Warranties: Limited representations regarding ownership and authority to sell, explicitly excluding condition warranties
11. Governing Law: Specifies Philippine law as governing law and relevant jurisdiction
12. Execution: Signature blocks and execution requirements
1. Due Diligence Period: Optional section allowing buyer a specified period to inspect the property/item, used for higher-value transactions
2. Tax Provisions: Detailed section on tax responsibilities, necessary when tax implications are significant
3. Broker/Agent Provisions: Required when a broker or agent is involved in the transaction
4. Force Majeure: Added for transactions with delayed completion dates
5. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value transactions
6. Registration Requirements: Added when the sale requires registration with government authorities
7. Environmental Disclaimers: Required when selling property with potential environmental issues
8. Intellectual Property Rights: Needed when the sale includes items with associated intellectual property
1. Schedule A - Property/Item Description: Detailed description of the property/item being sold, including photographs if applicable
2. Schedule B - Known Defects: List of known defects or issues, while maintaining 'as is' nature of sale
3. Schedule C - Delivery Details: Specific arrangements for delivery or transfer of possession
4. Schedule D - Payment Schedule: If payment is in installments, detailed payment schedule
5. Schedule E - Pre-existing Encumbrances: List of any existing liens, encumbrances, or claims
6. Appendix 1 - Inspection Report: Any existing inspection reports or condition assessments
7. Appendix 2 - Required Permits: Copies of relevant permits or certificates
8. Appendix 3 - Transfer Documents: Forms and documents required for transfer of ownership
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Automotive
Manufacturing
Industrial Equipment
Construction
Retail
Agriculture
Technology
Maritime
Aviation
Mining
Telecommunications
Relevant Teams
Legal
Procurement
Sales
Operations
Risk Management
Compliance
Real Estate
Corporate Secretariat
Finance
Asset Management
Property Management
Business Development
Facilities Management
Relevant Roles
Legal Counsel
Contract Manager
Procurement Manager
Sales Manager
Business Development Manager
Property Manager
Asset Manager
Operations Manager
Risk Manager
Compliance Officer
Real Estate Agent
Corporate Secretary
Finance Manager
Chief Legal Officer
Chief Operating Officer
Property Developer
Facility Manager
Find the exact document you need
Offer To Purchase Vehicle
A legally binding offer to purchase a vehicle under Philippine law, specifying purchase terms and conditions while ensuring compliance with local regulations.
Download
Offer To Purchase Commercial (Real Estate)
A formal offer document for the purchase of commercial real estate in the Philippines, compliant with Philippine property laws and regulations.
Download
Offer Agreement (Real Estate)
A formal proposal document under Philippine law outlining terms and conditions for purchasing real estate property, including offer price and contingencies.
Download
Horse Purchase Contract
A Philippine law-governed contract for the sale and purchase of horses, detailing terms of sale, horse identification, and ownership transfer.
Download
Agreement To Buy And Sell (Real Estate)
A Philippine law-governed agreement documenting the terms and conditions for the sale and purchase of real estate property between seller and buyer.
Download
Simple Agreement Of Sale (Real Estate)
A standardized real estate sale agreement under Philippine law for transferring property ownership, detailing essential terms and conditions of the sale transaction.
Download
Lease Purchase Agreement (Real Estate)
A Philippine law-governed agreement combining property lease terms with a purchase option, where rent payments contribute to the final purchase price.
Download
Forward Purchase Agreement (Real Estate)
A Philippine law-governed agreement for the future purchase of real estate, typically used for properties under development, detailing purchase terms and transfer requirements.
Download
Contract To Sell (Real Estate)
A Philippine law-compliant contract committing to transfer real estate ownership upon full payment, governed by the Civil Code and real estate protection laws.
Download
Contract For The Sale And Purchase Of (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and transfer of real estate property between a seller and buyer.
Download
Sellers Agreement (Real Estate)
A legally binding agreement under Philippine law that documents the terms and conditions for the sale of real estate property between a seller and buyer.
Download
Letter Of Intent To Purchase (Real Estate)
A preliminary document used in Philippine real estate transactions expressing a potential buyer's formal interest in purchasing a specific property and outlining basic terms of the proposed purchase.
Download
Closing Agreement (Real Estate)
A legally binding agreement under Philippine law that finalizes real estate property transfer between parties, detailing closing requirements and transfer procedures.
Download
For Sale By Owner Purchase Contract
A Philippine-compliant purchase agreement for direct property sales between owners and buyers, without broker involvement.
Download
Agreement To Sell Immovable Property
A Philippine law-governed agreement establishing terms and conditions for the future sale of immovable property, serving as a preliminary contract before the final Deed of Absolute Sale.
Download
For Sale By Owner Real Estate Purchase Agreement
A Philippine-law governed agreement for direct property sales between owners and buyers without primary broker involvement, documenting all essential terms and conditions of the real estate transfer.
Download
Used Car Purchase Agreement
A legally binding agreement for the sale and purchase of used vehicles in the Philippines, compliant with local automotive and consumer protection laws.
Download
As Is Sale Contract
A Philippine law-governed contract for the sale of property or goods in their current condition, with limited warranties and 'as is' provisions.
Download
Offer To Purchase Land
A Philippine law-compliant document presenting formal terms and conditions for the purchase of land, initiating the property acquisition process.
Download
Real Estate Purchase Agreement Form
A legal agreement under Philippine law for the sale and purchase of real property, detailing terms, conditions, and requirements for property transfer.
Download
Agreement For Advance Payment For Purchase Of House
A Philippine law-compliant agreement establishing terms for advance payment in residential property purchase, protecting both buyer and seller interests.
Download
Heavy Equipment Purchase Agreement
A Philippine law-governed agreement for the purchase of heavy equipment, detailing specifications, terms, and compliance requirements.
Download
Car Lease To Own Agreement
A Philippine law-governed agreement establishing terms for vehicle lease-to-own arrangements, including lease terms, payment schedules, and eventual ownership transfer conditions.
Download
Equipment Purchase Contract
A Philippine law-governed contract for equipment purchase, covering specifications, payment terms, warranties, and regulatory compliance.
Download
Business Sale Contract
A Philippine law-governed agreement for the sale and purchase of a business, including terms, conditions, and transition arrangements.
Download
Second Hand Car Purchase Agreement
A legally-binding agreement for the sale and purchase of a second-hand vehicle under Philippine law, detailing transaction terms and transfer requirements.
Download
Buyback Agreement
A Philippine law-governed agreement detailing terms and conditions for a company's repurchase of its own shares from existing shareholders.
Download
Vehicle Hire Purchase Agreement
A Philippine law-governed agreement for vehicle purchase through installment payments, establishing terms between a finance company and purchaser until full payment is made.
Download
Model Asset Purchase Agreement
A standardized agreement under Philippine law governing the sale and purchase of business assets, including terms, conditions, and regulatory compliance requirements.
Download
Commercial Real Estate Contract
A Philippine law-governed agreement for commercial real estate transactions, covering property sale terms, conditions, and compliance requirements.
Download
Aircraft Sale Agreement
A Philippine law-governed agreement for the sale and transfer of aircraft ownership, including technical specifications, regulatory compliance, and transaction terms.
Download
Agreement For Advance Payment For Purchase Of Goods
A Philippine law-governed agreement establishing terms for advance payment in goods purchase, including payment terms, delivery obligations, and security measures.
Download
Advance Agreement For Land Purchase
A preliminary contract under Philippine law establishing terms and conditions for a future land purchase, including advance payment arrangements and completion timeline.
Download
Residential Real Estate Contract
A legally binding agreement under Philippine law for the sale and purchase of residential real estate property, detailing terms, conditions, and obligations of all parties involved.
Download
Sales Agreement For A Car
A legally binding agreement under Philippine law that documents the terms and conditions for the sale and purchase of a motor vehicle, ensuring proper transfer of ownership and regulatory compliance.
Download
Purchase Agreement Letter
A formal letter-format document used in the Philippines that outlines the terms and conditions of a purchase agreement between parties, combining business correspondence with legal requirements.
Download
Probate Purchase Agreement
A legal agreement under Philippine law governing the sale and transfer of probate assets or rights from an estate to a buyer.
Download
Personal Property Purchase Agreement
A legally binding agreement under Philippine law that documents the sale and transfer of personal property between parties, specifying terms, conditions, and obligations.
Download
Non Binding Letter Of Intent To Purchase Product
A preliminary, non-binding document under Philippine law expressing a potential buyer's intention to purchase specific products, outlining key terms and conditions for future negotiations.
Download
Earnest Money Form
A Philippine legal document formalizing earnest money terms between buyer and seller in property transactions, governed by the Civil Code of the Philippines.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)