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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.With an as is sales contract, the buyer is basically reserving the option to purchase a piece of property if they're happy with the results of the inspection. With a residential for sale contract, an inspection will also take place, but any needed repairs are the seller's responsibility.www.upcounsel.com/as-is-sales-contract“As is” refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase. The buyer should be able to view and inspect the good before they purchase it, so they are generally aware of the item’s condition.www.law.cornell.edu/wex/as_is
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