The Car Assignment Agreement is a crucial document used in Indonesia when transferring ownership rights of a vehicle between parties, whether individuals or corporations. It ensures compliance with Indonesian civil law and transportation regulations, particularly Law No. 22 of 2009 and related regional requirements. This agreement is essential for fleet management, corporate vehicle transfers, and individual vehicle assignments, providing a comprehensive framework for documenting the transfer terms, vehicle specifications, warranties, and registration requirements. The document is commonly used in corporate fleet restructuring, employee vehicle assignments, or when transferring vehicles between related entities. It includes provisions for handling Indonesian vehicle registration procedures, tax obligations, and insurance requirements, making it a vital tool for managing vehicle transfers while ensuring legal compliance.
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1. Parties: Identification of the Assignor and Assignee with complete legal names and addresses
2. Background: Context of the assignment, including the original ownership status of the vehicle
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Assignment Date', 'Transfer Documents'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration details
5. Assignment Terms: Core terms of the assignment including the transfer of ownership rights and responsibilities
6. Consideration: Details of payment or other consideration for the assignment
7. Completion Requirements: Steps required to complete the assignment including documentation and registration transfer
8. Representations and Warranties: Statements regarding vehicle condition, ownership status, and absence of encumbrances
9. Tax and Costs: Allocation of responsibility for transfer taxes, registration fees, and other costs
10. Governing Law: Specification of Indonesian law as governing law and relevant jurisdiction
1. Insurance: Required when existing insurance policies need to be transferred or new insurance arrangements specified
2. Condition Report: Detailed when there's a need to document the current condition of the vehicle
3. Payment Terms: Required when payment is to be made in installments or subject to specific conditions
4. Third Party Consent: Needed when the vehicle is subject to existing financing or requires consent from other parties
5. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation or arbitration provisions
1. Vehicle Specification Schedule: Detailed technical specifications and features of the vehicle
2. Vehicle Documentation: List of all vehicle-related documents being transferred
3. Condition Report: Detailed assessment of the vehicle's current condition including photographs
4. Transfer Documents: List of all required documents for legal transfer under Indonesian law
5. Payment Schedule: If applicable, breakdown of payment installments and due dates
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation & Logistics
Fleet Management
Corporate Services
Financial Services
Insurance
Leasing
Manufacturing
Construction
Agriculture
Relevant Teams
Legal
Fleet Management
Procurement
Administration
Finance
Risk & Compliance
Operations
Human Resources
Facilities Management
Relevant Roles
Fleet Manager
Procurement Manager
Legal Counsel
Corporate Secretary
Administrative Officer
Finance Manager
Risk Manager
Operations Manager
Compliance Officer
Asset Manager
Human Resources Manager
Facilities Manager
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