As-Is

A term commonly used in agreements for the purchase and sale of real or personal property ( www.practicallaw.com/9-382-3689) to inform the buyer that the property is being sold:

In an "as-is" transaction, the buyer is typically given the right to inspect the property during a due diligence period ( www.practicallaw.com/w-000-8891) before deciding whether to purchase it.

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