The As Is Sale Contract is a specialized agreement used when selling assets in their existing condition without standard warranties. This template is specifically designed for use in the Netherlands and complies with Dutch Civil Code requirements. It's particularly useful for situations where the seller wishes to limit their liability and the buyer agrees to accept the asset with all existing faults and defects. While the contract limits warranties, it maintains compliance with Dutch law requirements for mandatory disclosures of known material defects. The document can be used for various types of assets, from real estate to equipment, and includes provisions for proper risk allocation, transfer of ownership, and closing procedures. It's essential for businesses and individuals looking to conduct straightforward asset sales while minimizing post-sale liability, subject to Dutch legal frameworks.
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1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Context of the sale and brief description of the asset being sold
3. Definitions: Key terms used throughout the agreement, including 'Asset', 'Closing Date', and 'Purchase Price'
4. Sale and Purchase: Core agreement to sell and purchase the asset 'As Is'
5. Purchase Price and Payment: Amount to be paid and payment terms
6. As Is Provision: Explicit statement that the asset is sold 'As Is' with all faults and current condition
7. Seller's Disclosures: Known material defects or issues that the seller is legally required to disclose
8. Buyer's Acknowledgments: Buyer's confirmation of inspection opportunity and acceptance of asset condition
9. Transfer of Title and Risk: When and how ownership and risk transfer to the buyer
10. Closing: Details of when and how the sale will be completed
11. Governing Law: Specification of Dutch law as governing law
12. Signatures: Execution blocks for all parties
1. Due Diligence: Used when buyer has conducted or will conduct detailed inspection of the asset
2. Environmental Matters: Required when selling property with potential environmental concerns
3. Permits and Licenses: Include when asset requires specific permits or licenses for operation
4. Tax Matters: Include when there are specific tax implications that need to be addressed
5. Insurance: Used when insurance needs to be maintained until closing
6. Third Party Consents: Include when the sale requires approval from other parties
7. Intellectual Property: Include when the asset includes IP rights
8. Post-Closing Obligations: Used when parties have continuing obligations after closing
1. Asset Description: Detailed description of the asset being sold, including photographs if applicable
2. Known Defects: List of known defects or issues with the asset
3. Inspection Report: Any existing inspection reports or condition assessments
4. Title Documents: Copies of relevant ownership documents
5. Permits and Certificates: Copies of current permits, certificates, or licenses
6. Historical Information: Relevant historical information about the asset
7. Transfer Documents: Forms and documents required for legal transfer
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