law advocate group
An “as is” contract states that a specific product is sold in its current state. The seller makes no claims or assurances about the product’s performance, and the customer agrees to accept the product “as is.”
A mutual mistake “goes to the heart” of the contract that was to be created, so the contract can be voided when it occurs. When a mutual mistake occurs, the contract can be voided.
There are different ways to approach the resolution of a mutual mistake. If a party wishes to void the contract, they can take the matter to court. However, lawsuits are expensive, time-consuming, and unpredictable. Negotiating the situation without the involvement of a court is usually much easier and more beneficial for each party.