An As Is Bill of Sale is commonly used in Singapore when transferring ownership of personal property where the seller wishes to limit their liability and the buyer agrees to accept the item in its current condition. This document, governed by Singapore law including the Sale of Goods Act, provides clear documentation of the transfer and explicitly states that no warranties or guarantees are provided. It's particularly useful for private sales, second-hand items, or situations where the condition of the item may not be perfect but is accepted by the buyer.
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Key Requirements PROMPT example:
As Is Bill Of Sale
"I need an As Is Bill of Sale for selling my used manufacturing equipment to another company in Singapore, with specific mention of known mechanical defects and a deferred payment arrangement for March 2025."
1. Parties: Identification of seller and buyer with full legal names and addresses
2. Description of Property: Detailed description of item(s) being sold including condition, identifying features
3. Purchase Price: Agreed amount and payment terms
4. As Is Declaration: Statement confirming sale in current condition without warranties
5. Transfer of Title: Clear statement of ownership transfer
6. Signatures: Execution block with date and signatures
1. Witness Statement: Used when additional verification of transaction is desired
2. Payment Schedule: Include if payment is not made in full at time of sale
3. Known Defects: List of known issues with property, recommended for transparency
4. Delivery Terms: Include if delivery arrangements are part of the sale
1. Photographs: Visual documentation of item condition at time of sale
2. Inspection Report: If professional inspection was conducted
3. Original Documentation: Previous ownership papers, maintenance records, etc.
4. Certificate of Title: For vehicles or significant property items
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