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The For Sale As Is Contract is utilized when selling goods where the seller wishes to limit their liability and the buyer agrees to accept items in their current condition. This document is particularly relevant in Singapore's commercial context, where it must comply with the Sale of Goods Act and related legislation. The contract typically includes detailed descriptions of the goods' condition, explicit 'as is' disclaimers, and clear terms regarding the transfer of ownership. It's commonly used for second-hand goods, clearance items, or situations where the seller cannot or does not wish to provide warranties beyond the basic guarantee of title.

1. Parties: Identification and details of seller and buyer

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

3. Definitions: Key terms used throughout the agreement

4. Description of Goods: Detailed description of items being sold 'as is'

5. Price and Payment Terms: Purchase price, payment method, and timing

6. As Is Provisions: Clear statement that goods are sold in current condition without warranties

7. Transfer of Title: Terms of ownership transfer and risk