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Consent To Transfer Form for Indonesia

Consent To Transfer Form Template for Indonesia

A Consent to Transfer Form under Indonesian law is a formal legal document that evidences and records a party's explicit consent to transfer specific assets, rights, or interests to another party. The document must comply with Indonesian Civil Code requirements and relevant sector-specific regulations. It includes detailed identification of all parties, specific description of the transfer subject, express consent declarations, and necessary witness attestations. The document typically requires execution in Bahasa Indonesia or in a bilingual format to comply with Law No. 24 of 2009, and may require notarization depending on the nature of the transfer.

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What is a Consent To Transfer Form?

The Consent to Transfer Form is a crucial legal document used in Indonesian business and personal transactions to formally document the voluntary transfer of assets, rights, or interests between parties. This document type is essential when explicit consent needs to be recorded and maintained for legal and compliance purposes. The form must adhere to Indonesian legal requirements, including the Civil Code (KUHPerdata) provisions on contract validity and transfer of rights. It's particularly important in scenarios involving significant assets, regulated industries, or when formal documentation of consent is required by law or organizational policy. The document typically includes detailed party information, clear description of the transfer subject, express consent statements, and appropriate execution formalities including witness signatures. In many cases, the Consent to Transfer Form may need to be prepared bilingually and may require notarization depending on the nature and value of the transfer.

What sections should be included in a Consent To Transfer Form?

1. Parties: Identification of the transferor (current owner/rights holder), transferee (recipient), and any other relevant parties including witnesses as required under Indonesian law

2. Background: Brief context explaining the purpose of the transfer and the relationship between the parties

3. Definitions: Clear definitions of key terms used in the document, particularly defining the assets or rights being transferred

4. Subject of Transfer: Detailed description of the assets, rights, or interests being transferred

5. Declaration of Consent: Express statement of consent to the transfer, including acknowledgment of understanding and voluntary agreement

6. Terms of Transfer: Specific conditions and terms under which the transfer will occur

7. Representations and Warranties: Basic statements confirming the transferor's right to transfer and other essential confirmations

8. Execution: Signature blocks for all parties, including space for witnesses and notary if required

What sections are optional to include in a Consent To Transfer Form?

1. Consideration: Details of any payment or consideration for the transfer, if applicable

2. Conditions Precedent: Any conditions that must be met before the transfer becomes effective

3. Regulatory Compliance: Specific section addressing compliance with relevant Indonesian regulations, needed when transfer involves regulated assets or rights

4. Third Party Rights: Section addressing any third party rights or requirements for third party consent, if applicable

5. Governing Language: Required when document is bilingual, specifying which language version prevails

What schedules should be included in a Consent To Transfer Form?

1. Schedule 1 - Asset Description: Detailed description and/or specifications of the assets being transferred

2. Schedule 2 - Required Documents: List of supporting documents needed to effect the transfer

3. Appendix A - Copy of Ownership Documents: Copies of relevant ownership certificates or documentation proving right to transfer

4. Appendix B - Authorization Documents: Any power of attorney or corporate authorizations required for the transfer

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

Consent Form

Cost

Free to use
Relevant legal definitions





















Clauses




















Relevant Industries

Real Estate

Banking and Finance

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Relevant Roles

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Corporate Secretary

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