The term as is gives notice to buyers that they are taking a risk on the quality of the goods. What Does “As Is" Mean? Essentially, the term frees the seller from legal recourse should an unexpected problem arise with the item after the sale. Just because the seller may not want to perform any repairs, and the buyer is purchasing “As Is” . Anyone who has bought or sold real property in California is well aware of the massive disclosure documents that the law imposes on the parties as to the nature of the property and the locale surrounding the property. as is: A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers. The clause as it has existed in practice is modifying democracy in the example sentence.as it has existed cannot modify a criticism because it is obvious that the criticism is existing in practice. . Both sellers and buyers ought to profit from the “as is” clause of purchase agreements. As Is, No Warranty. There are no extra words needed to define it. It also assumes the buyer has a right to inspect the property first so they can assess any defects and make an informed decision. It can mean that there are no appliances, or the pool is inoperable, or that walls and other surfaces are and may remain unfinished. What exactly does the term mean? The term “as is” is commonly used in the pre-owned car world to describe a car’s warranty status. Source: Merriam-Webster's Dictionary of Law ©1996. A buyer should, and must, insist on a home inspection clause. “As is" is a legal term describing the status of an item for sale. The place where insignificant departs from major deficiency is sometimes in the eyes or the beholder. as is does not mean that a buyer has to accept the property condition “as is” — Buyers should always have a right to inspect the property! However, even with this in place, the seller must represent the property “as is” in order for the “as is” clause to mean anything at all. This issue could have been intentionally hidden by the seller. The “as is” clause basically provides that the seller is selling, and the buyer is buying, the property in its “as is” condition. The buyer should acknowledge that it is being represented by counsel and that buyer’s counsel has explained the meaning of the “as is” provision to the buyer. . However, democracy is largely the set of rules or criteria existing on papers and then implemented in practice. As Is Clause as is clause n : a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair NOTE: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale. 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