Description
Understand the limits and benefits of ASIS clauses as they pertain to real estate sales.
Many attorneys know that an ASIS clause in a real estate purchase agreement is important and think that it should be included (if youre the Seller) or accepted as a necessary evil (if youre the Buyer). Sellers often believe that including an ASIS clause absolves them from any risk or liability in the event defects are found in the house. Buyers may think they have no recourse if they later find defects in their home or property. The truth is more nuanced, as there are exceptions and limits to what Sellers may disclaim, and there are limits to what a Buyer can unknowingly waive.
This presentation will allow attorneys to understand the limits and benefits of ASIS clauses as they pertain to real estate sales. We will look at some representative samples of case law from around the country to see how courts approach the subject, touch on drafting tips to strengthen your ASIS clauses, and end with advice on how to better advise your clients on the topic.
Date: 2024-06-12 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives