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Buy Sale Agreement Form for Indonesia

Buy Sale Agreement Form Template for Indonesia

A Buy Sale Agreement Form under Indonesian law is a legally binding document that formalizes the transfer of goods or property from a seller to a buyer. The agreement is structured in accordance with the Indonesian Civil Code (KUH Perdata) and related commercial regulations, providing a comprehensive framework for commercial transactions. It details the essential elements of the sale, including the object of sale, purchase price, payment terms, delivery conditions, and the rights and obligations of both parties. The document incorporates specific provisions required under Indonesian law while ensuring clarity and protection for all parties involved in the transaction.

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What is a Buy Sale Agreement Form?

The Buy Sale Agreement Form is a fundamental commercial document used in Indonesian business transactions to formalize the sale and purchase of goods or property. This document is essential when parties need to establish clear terms and conditions for a sale transaction, whether for commercial goods, equipment, or other assets. It is designed to comply with Indonesian legal requirements, particularly the Indonesian Civil Code (KUH Perdata) and related commercial regulations. The agreement serves multiple purposes: it documents the parties' mutual understanding, establishes legally binding obligations, provides clarity on payment and delivery terms, and offers legal protection for both parties. The document is commonly used in both business-to-business and business-to-consumer contexts, and can be adapted to various transaction types while maintaining compliance with Indonesian law.

What sections should be included in a Buy Sale Agreement Form?

1. Parties: Identification and details of the seller and buyer, including their legal names, addresses, and any registration numbers

2. Background: Context of the transaction and brief description of the parties' intention to enter into the sale agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Object of Sale: Detailed description of the goods or property being sold, including specifications, quantity, and condition

5. Purchase Price: The agreed price, payment terms, method of payment, and payment schedule

6. Delivery Terms: Terms and conditions for delivery, including timing, location, and responsibility for delivery costs

7. Transfer of Title: Conditions and process for transferring ownership from seller to buyer

8. Representations and Warranties: Statements and guarantees made by both parties regarding the sale object and their capacity to enter into the agreement

9. Rights and Obligations: Detailed responsibilities and rights of both parties

10. Default and Remedies: Consequences of breach and available remedies

11. Governing Law: Specification of Indonesian law as the governing law

12. Dispute Resolution: Process for resolving disputes between parties

13. Notices: How formal communications between parties should be made and delivered

14. Execution: Signature blocks and execution requirements

What sections are optional to include in a Buy Sale Agreement Form?

1. Conditions Precedent: Pre-conditions that must be met before the agreement becomes effective, used for complex transactions

2. Quality Inspection: Procedures for quality inspection and acceptance, used for goods requiring quality verification

3. Insurance: Insurance requirements and responsibilities, used when significant risks need to be covered

4. Intellectual Property: IP rights and transfer provisions, used when the sale involves IP components

5. Confidentiality: Confidentiality obligations, used when sensitive information is involved

6. Force Majeure: Provisions for unforeseen circumstances, used in longer-term or high-value transactions

7. Tax Provisions: Detailed tax arrangements, used when complex tax implications exist

8. Assignment: Rights to assign the agreement to other parties, used in commercial contexts

What schedules should be included in a Buy Sale Agreement Form?

1. Schedule 1 - Detailed Description of Goods: Comprehensive specifications, photos, or technical details of the sale object

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing if applicable

3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements if multiple deliveries are involved

4. Schedule 4 - Required Documents: List of documents required for the transaction

5. Appendix A - Inspection Procedures: Detailed procedures for quality inspection if applicable

6. Appendix B - Warranties: Detailed warranty terms and conditions

7. Appendix C - Compliance Documents: Copies of relevant permits, licenses, or certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions






























Clauses






























Relevant Industries

Retail

Manufacturing

Real Estate

Agriculture

Technology

Consumer Goods

Industrial Equipment

Automotive

Construction

Mining

Trading

E-commerce

Food and Beverage

Textiles

Relevant Teams

Legal

Procurement

Sales

Commercial

Finance

Operations

Compliance

Risk Management

Supply Chain

Business Development

Corporate Secretariat

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Manager

Business Development Manager

Commercial Director

Chief Financial Officer

Operations Manager

Compliance Officer

Risk Manager

General Manager

Managing Director

Company Secretary

Supply Chain Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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