The For Sale As Is Contract is a specialized agreement used in Pakistan when selling goods, equipment, or property in their existing condition without warranties or guarantees beyond those mandated by law. This document type is particularly useful in situations where the seller wishes to limit their liability regarding the item's condition, while the buyer agrees to accept the item with all existing faults or defects. The contract must comply with the Pakistani Contract Act 1872, Sale of Goods Act 1930, and relevant consumer protection laws, while incorporating Islamic commercial law principles. It's commonly used in second-hand sales, asset disposals, property transactions, and situations where the buyer has had the opportunity to fully inspect the item before purchase. The document includes detailed descriptions of the item's condition, explicit warranty disclaimers, and buyer acknowledgments, while ensuring all mandatory legal protections remain in place.
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1. Parties: Identifies and defines the Seller and Buyer with complete legal names and addresses
2. Background: Brief context of the sale and acknowledgment that the item is being sold 'as is'
3. Definitions: Defines key terms used throughout the agreement including 'As Is', 'Property', 'Closing Date'
4. Subject Matter of Sale: Detailed description of the item(s) being sold in their current condition
5. Purchase Price and Payment: States the agreed purchase price and payment terms
6. As Is Condition: Explicit statement that the item is sold 'as is' with buyer's acknowledgment of current condition
7. Buyer's Inspection Rights: Details the buyer's right to inspect the item before purchase
8. Disclaimer of Warranties: Clear disclaimer of all warranties, express or implied
9. Risk and Transfer of Title: Specifies when risk and title pass to the buyer
10. Closing and Delivery: Details of the closing process and delivery arrangements
11. Governing Law: Specifies Pakistani law as governing law and relevant jurisdiction
12. Entire Agreement: States that the document represents the complete agreement between parties
1. Condition Report: Detailed report of known defects or issues - recommended for high-value items
2. Environmental Matters: Required when selling property or items with potential environmental impacts
3. Intellectual Property Rights: Include when the sale involves items with associated intellectual property
4. Export/Import Compliance: Required when the sale involves cross-border transfer of goods
5. Tax Matters: Include when there are specific tax implications requiring clarification
6. Third Party Rights: Include when the sale might affect rights of third parties
7. Force Majeure: Optional clause for situations where delivery might be affected by external circumstances
8. Islamic Law Compliance: Additional section for explicit compliance with Islamic commercial principles
1. Schedule 1 - Item Description: Detailed technical description and specifications of the item being sold
2. Schedule 2 - Known Defects: List of known defects or issues with the item
3. Schedule 3 - Photographs: Visual documentation of the item's current condition
4. Schedule 4 - Inspection Report: Third-party inspection report if available
5. Schedule 5 - Title Documents: Copies of relevant title documents or certificates
6. Appendix A - Delivery Protocol: Detailed procedure for handover and acceptance
7. Appendix B - Payment Schedule: If payment is to be made in installments
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Real Estate
Automotive
Industrial Equipment
Construction
Manufacturing
Retail
Agriculture
Technology
Maritime
Aviation
Mining
Telecommunications
Energy
Waste Management
Transportation
Entertainment
Relevant Teams
Legal
Sales
Procurement
Asset Management
Property Management
Operations
Commercial
Risk Management
Compliance
Finance
Real Estate
Facilities Management
Business Development
Contract Administration
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Contract Manager
Sales Manager
Procurement Manager
Asset Manager
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Operations Director
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Estate Agent
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