The Private Sale Vehicle Purchase Agreement is a crucial legal document used in Indonesia for documenting the sale and purchase of vehicles between private parties. It is designed to comply with Indonesian civil law, particularly the Civil Code (KUHPerdata) and Law No. 22 of 2009 on Traffic and Road Transportation. This agreement should be used whenever a private individual sells a vehicle to another private individual, ensuring proper documentation of the transaction, vehicle details, payment terms, and transfer of ownership requirements. It includes provisions for vehicle inspection, warranty limitations, and registration transfer procedures specific to Indonesian regulations. The document helps prevent future disputes by clearly stating all terms and conditions while ensuring compliance with local tax and administrative requirements for vehicle ownership transfer.
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1. Parties: Identification and details of the Seller and Buyer, including full legal names, identification numbers (KTP), addresses, and contact information
2. Background: Brief context of the transaction, stating the Seller's ownership and intention to sell, and the Buyer's intention to purchase the vehicle
3. Definitions: Key terms used throughout the agreement, including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, license plate, and current registration details
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, absence of liens, and other material facts
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership, including documentation requirements and registration transfer
8. Completion Requirements: Actions required by both parties to complete the sale, including document signing, payment verification, and vehicle handover
9. Risk and Insurance: Transfer of risk and responsibility for insurance from Seller to Buyer
10. Governing Law: Specification that Indonesian law governs the agreement
11. Signing: Execution clause and signature blocks for both parties
1. Condition Report: Detailed assessment of the vehicle's current condition, recommended when selling used vehicles with known issues or significant wear
2. Payment in Installments: Terms and conditions for installment payments, only needed if the purchase price is not paid in full at completion
3. Security Interest: Creates a security interest in favor of the Seller, necessary when payment is made in installments
4. Third-Party Authorization: Required when either party is acting through an authorized representative
5. Language: Dual language provisions, needed if the agreement is prepared in both Indonesian and English
6. Dispute Resolution: Specific dispute resolution procedures, recommended for high-value transactions
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition, including photographs
2. Schedule 2 - Vehicle Documentation: Copies of vehicle registration certificate (STNK), vehicle ownership book (BPKB), and tax payment receipts
3. Schedule 3 - Service History: Record of vehicle maintenance and service history
4. Schedule 4 - Payment Schedule: If applicable, detailed schedule of installment payments including dates and amounts
5. Appendix A - Required Transfer Documents: List and copies of all documents required for the legal transfer of ownership
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Private Sales
Consumer Goods
Vehicle Leasing
Insurance
Legal Services
Financial Services
Vehicle Registration Services
Relevant Teams
Legal
Compliance
Administrative Services
Risk Management
Property Management
Fleet Management
Documentation
Contract Administration
Asset Management
Transaction Processing
Relevant Roles
Legal Counsel
Paralegal
Administrative Officer
Compliance Officer
Vehicle Registration Officer
Sales Administrator
Documentation Specialist
Contract Manager
Legal Secretary
Risk Management Officer
Property Manager
Fleet Manager
Vehicle Assets Manager
Transaction Coordinator
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