Legal Definition of As is: An expression denoting the fact that goods are being sold in the condition the seller has stated they were in. Such goods are sold as is. (It is the purchaser’s responsibility to discover if such goods are damaged.) | Learn about the legal definition of as is in business transactions, and why it’s crucial for both buyers and sellers to understand. Protect yourself from potential liability as a seller by clearly stating goods are being sold as is, while ensuring buyers are aware of the risks involved. Buyers, exercise caution and conduct thorough inspections before purchasing. Knowledge and transparency are key in any business transaction