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For Sale Agreement for Indonesia

For Sale Agreement Template for Indonesia

A Sale Agreement under Indonesian law is a legally binding document that formalizes the transfer of ownership of goods, property, or assets from a seller to a buyer for an agreed consideration. This document adheres to the Indonesian Civil Code (KUHPer) and relevant commercial regulations, incorporating essential elements such as clear identification of parties, detailed description of the sale object, pricing terms, delivery arrangements, and warranty provisions. The agreement ensures compliance with Indonesian consumer protection laws and includes specific provisions for dispute resolution under Indonesian jurisdiction.

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What is a For Sale Agreement?

The For Sale Agreement is a crucial legal instrument in Indonesian commercial transactions, designed to document and formalize the transfer of ownership of goods, property, or assets. This document is essential when conducting business transactions in Indonesia, whether for domestic or international trade, and must comply with the Indonesian Civil Code (KUHPer) and related regulations. It should be used whenever there is a significant sale transaction requiring formal documentation, particularly for high-value items, real estate, or commercial goods. The agreement typically includes comprehensive details about the transaction, including payment terms, delivery conditions, warranties, and dispute resolution mechanisms. It's particularly important in the Indonesian context due to specific local legal requirements and the need for clear documentation in commercial transactions.

What sections should be included in a For Sale Agreement?

1. Parties: Identification of seller and buyer with complete legal names and addresses

2. Background: Context of the sale and brief description of the transaction

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

4. Object of Sale: Detailed description of goods/property being sold

5. Purchase Price: Agreed price and payment terms

6. Delivery Terms: Timing, method, and location of delivery

7. Transfer of Title: Conditions and timing of ownership transfer

8. Representations and Warranties: Basic warranties about ownership and condition of goods

9. Rights and Obligations: Core responsibilities of both parties

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

11. Governing Law: Confirmation of Indonesian law application

12. Dispute Resolution: Process for resolving disputes

13. Notices: How formal communications should be made

14. Entire Agreement: Integration clause and relationship to other documents

15. Execution: Signature blocks and execution requirements

What sections are optional to include in a For Sale Agreement?

1. Conditions Precedent: Required when sale is subject to specific conditions being met before completion

2. Installment Payment Terms: Include when payment is to be made in installments

3. Quality Inspection: For goods requiring quality verification before acceptance

4. Extended Warranty: When additional warranty terms are offered beyond basic warranties

5. Insurance: When specific insurance requirements apply during transit or transfer

6. Intellectual Property: If sale includes IP rights or licenses

7. Confidentiality: When transaction involves sensitive information

8. Force Majeure: When needed to address potential extraordinary circumstances

9. Assignment: If rights under agreement may be transferred to third parties

10. Tax Provisions: When special tax considerations apply to the transaction

What schedules should be included in a For Sale Agreement?

1. Schedule 1 - Specification of Goods: Detailed technical specifications or inventory list

2. Schedule 2 - Payment Schedule: Detailed payment terms and installment dates if applicable

3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and logistics

4. Schedule 4 - Condition Report: Current condition of goods being sold

5. Schedule 5 - Required Documents: List of documents needed for transfer

6. Appendix A - Warranty Terms: Detailed warranty conditions and procedures

7. Appendix B - Quality Standards: Applicable quality standards and testing procedures

8. Appendix C - Permits and Licenses: Copies of relevant permits and licenses

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

Cost

Free to use
Relevant legal definitions







































Clauses



































Relevant Industries

Retail

Manufacturing

Real Estate

Agriculture

Mining

Consumer Goods

Automotive

Technology

Industrial Equipment

Construction

Textiles

Food and Beverage

Electronics

Commodities

Export-Import

Relevant Teams

Legal

Commercial

Procurement

Sales

Operations

Finance

Risk Management

Compliance

Business Development

Supply Chain

Asset Management

Property Management

Trade Finance

Relevant Roles

Legal Counsel

Commercial Director

Procurement Manager

Sales Manager

Contract Administrator

Business Development Manager

Operations Manager

Chief Financial Officer

Risk Manager

Compliance Officer

General Manager

Supply Chain Manager

Asset Manager

Property Manager

Trade Finance 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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