An “AS IS” clause does not override the duty of good faith and the prohibition of misrepresentation.
Mergers and Acquisitions
Dispute Resolution
A couple invested in a startup for distributing online courses. The project developers presented them with a representation that the technological system was almost completely ready, of high quality, and that significant resources had been invested in it. The agreement between the parties stated that the system is purchased in its current condition (“AS IS”). […]