'As Is' Clause Doesn't Apply to Profitability of Business

'As Is' Clause Doesn't Apply to Profitability of Business



Facts: A tenant and an owner discussed the value and potential of a business for sale, and then entered into a lease agreement that allowed the tenant to lease the property, business, and all of its contents for a specified amount with an option to purchase. The document signed by both parties contained an “as is” clause.

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