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When creating an as-is statement, it should be clear and specific. It should include language stating that the buyer understands they're purchasing the property in its current state. It also needs to say that the seller is not offering any guarantees or warranties about the property's condition.

A warranty disclaimer ? also called an ?as is? disclaimer ? is a document or statement distributed to inform consumers that a business does not accept liability for issues with their product or services.

"As is" language in a realty sales contract does not shield a seller or his agent from liability for affirmative or, as in this case, negative fraud. "Generally speaking, such a provision means that the buyer takes the property in the condition visible to or observable by him. [Citation.]

An offer is a written proposal to buy a property with conditions baked in. The buyer's agent helps to write it up and delivers it to the seller's agent. Purchase agreements are an actual agreement between the buyer and the seller also sometimes called a real estate contract.

The purpose of an ?as is? clause and warranty disclaimer is generally to force the buyer to perform and rely upon its own due diligence investigations, rather than upon the seller's representations, in determining whether or not to purchase the property.

A share purchase agreement is a formal contract or an agreement that sets out the terms and conditions relating to the sale and purchase of shares in a company. The share purchase agreement should very clearly set out what is being sold, to whom and for how much, as well as any other obligations and liabilities.