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As Is Sales Contract for Pakistan

As Is Sales Contract Template for Pakistan

This "As Is" Sales Contract is a legally binding agreement governed by Pakistani law, specifically designed for transactions where goods are sold in their current condition without warranties or representations. The contract incorporates key provisions from the Contract Act 1872 and Sale of Goods Act 1930, while explicitly stating the "as is" nature of the sale. It includes comprehensive sections on property description, condition acknowledgment, liability limitations, and risk transfer, ensuring both parties understand the nature of the transaction and their respective rights and obligations under Pakistani law.

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As Is Sales Contract

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What is a As Is Sales Contract?

The As Is Sales Contract is a specialized agreement used in Pakistan when selling goods without warranties or representations about their condition. This document is particularly useful for transactions involving used equipment, surplus inventory, or items with known defects. It complies with Pakistani contract law, including the Contract Act 1872 and Sale of Goods Act 1930, while providing clear documentation of the parties' understanding that the goods are being sold in their current state. The contract includes essential provisions for protecting both seller and buyer, documenting the condition of goods, establishing payment terms, and transferring title. It's commonly used in commercial transactions where the buyer has inspected or has the opportunity to inspect the goods and agrees to accept them with any existing defects or issues.

What sections should be included in a As Is Sales Contract?

1. Parties: Identification of the seller and buyer with complete legal names and addresses

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Key terms used throughout the agreement including 'As Is' condition

4. Subject Matter of Sale: Detailed description of the goods being sold in their current condition

5. Purchase Price and Payment: Agreement on price, payment terms, and method of payment

6. As Is Condition and Disclaimer: Express statement that goods are sold 'as is' with all faults and explicit warranty disclaimers

7. Buyer's Acknowledgment: Buyer's confirmation of inspection and acceptance of goods in current condition

8. Title Transfer and Delivery: Terms of ownership transfer and delivery arrangements

9. Risk of Loss: Point at which risk transfers from seller to buyer

10. Governing Law: Specification of Pakistani law as governing law

11. Entire Agreement: Integration clause stating this is the complete agreement between parties

12. Execution: Signature blocks and execution details

What sections are optional to include in a As Is Sales Contract?

1. Condition Report: Detailed description of the current condition of goods - recommended for high-value items

2. Inspection Period: If applicable, period allowed for buyer to inspect goods before finalizing sale

3. Export/Import Requirements: Include if goods will cross international borders

4. Tax Implications: Include if special tax considerations apply to the transaction

5. Dispute Resolution: Optional arbitration or mediation clauses

6. Force Majeure: Include if delivery timeline is critical to the transaction

7. Assignment: Include if either party needs right to assign contract to others

What schedules should be included in a As Is Sales Contract?

1. Schedule A - Item Description: Detailed description of goods including photos, serial numbers, and specifications

2. Schedule B - Condition Report: Detailed documentation of current condition, including known defects or issues

3. Schedule C - Delivery Details: Specific delivery instructions, timing, and logistics

4. Appendix 1 - Inspection Report: Third-party inspection report if available

5. Appendix 2 - Title Documents: Copies of relevant ownership documents or certificates

6. Appendix 3 - Payment Schedule: If payment is to be made in installments or has special conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Ƶ

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions






























Clauses




























Relevant Industries

Manufacturing

Automotive

Industrial Equipment

Real Estate

Construction

Retail

Agriculture

Technology

Machinery

Wholesale Trade

Used Goods

Export/Import

Commodities

Heavy Equipment

Furniture and Fixtures

Relevant Teams

Legal

Procurement

Sales

Operations

Finance

Risk Management

Compliance

Supply Chain

Asset Management

Commercial Operations

Business Development

Contract Administration

Relevant Roles

Procurement Manager

Sales Manager

Commercial Director

Legal Counsel

Business Development Manager

Operations Manager

Asset Manager

Contract Administrator

Facilities Manager

Supply Chain Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Property Manager

Inventory Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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