Document background
The As Is Bill of Sale is a crucial document used in Saudi Arabia for transferring ownership of property without warranties or guarantees beyond the basic representations of ownership and authority to sell. This document type is particularly important in situations where used or pre-owned items are being sold, or when the seller wishes to limit their liability regarding the condition of the property. The document must comply with both Sharia Law principles and Saudi commercial regulations, making it essential for businesses and individuals engaging in property transfers within Saudi jurisdiction. It includes detailed information about the parties, property description, purchase price, and explicit acknowledgments about the property's condition. The "As Is" nature of the sale must be prominently featured and clearly understood by all parties involved.
