Document background
The As Is Purchase Agreement under Belgian law is designed for transactions where assets are sold in their present condition without traditional warranties. This document type is commonly used in situations where the seller wants to limit their liability regarding the condition of the asset being sold, while the buyer accepts the associated risks after having the opportunity to inspect the asset. The agreement must comply with Belgian Civil Code requirements, particularly regarding property transfer and mandatory warranties that cannot be disclaimed. It's especially relevant for second-hand goods, industrial equipment, real estate, or other assets where the condition may not be perfect but is accepted by the buyer. The document includes detailed descriptions of the asset's condition, known defects, and explicit acknowledgments from the buyer regarding the 'as is' nature of the purchase.
