This type of legal form should be used when property such as a vehicle is sold to a new owner. It makes it clear that the buyer is taking the property in its current condition with no guarantees from the seller of any type.Īn “as is” BoS helps sellers to ensure that the property transfer is final and that the buyer is not able to come back and request money back or a reversal of the transaction once ownership has changed hands if a problem arises.

What Is an “As Is” Form?Īn “as is” bill of sale is a specific type of document used when there are no warranties on a product. Instead, this type of document is solely used when property that is owned by one person or entity is transferred to another person or entity. A BoS is not used when services are performed, as a service contract would be appropriate in those situations.

The document can be created using a template or can be written from scratch by the buyer and seller as long as it includes the required information about the product, the transaction price, the transaction date and the buyer and seller information.īills of sale are distinct from a sales contract, which includes more details about complex terms such as details about the product’s warranty. This is a simple document that shows that a seller has sold property to a buyer.