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Sale And Agreement To Sell for Indonesia

Sale And Agreement To Sell Template for Indonesia

This comprehensive legal document, governed by Indonesian law, combines elements of both immediate sales and agreements to sell future goods or property. It complies with the Indonesian Civil Code (KUHPer) and relevant commercial regulations, incorporating provisions for transfer of ownership, payment terms, delivery conditions, and risk allocation. The document is structured to protect both parties' interests while ensuring enforceability under Indonesian jurisdiction, including necessary provisions for both domestic and international transactions where applicable.

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Sale And Agreement To Sell

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What is a Sale And Agreement To Sell?

The Sale and Agreement to Sell document is a versatile legal instrument used in Indonesian commercial transactions, designed to accommodate both immediate sales and future sale commitments. It finds application in various scenarios, from simple goods transactions to complex asset transfers, and can be customized for both B2B and B2C contexts. The document ensures compliance with Indonesian Civil Code requirements, consumer protection laws, and specific industry regulations. It includes comprehensive provisions for price, payment terms, delivery conditions, warranties, and risk transfer, making it suitable for both domestic and international transactions. This template is particularly valuable when parties need to document both immediate transfer of goods and future sale commitments within the same agreement, while ensuring alignment with Indonesian legal requirements and commercial practices.

What sections should be included in a Sale And Agreement To Sell?

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

2. Background: Context of the transaction and relationship between parties

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

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

5. Purchase Price: Price, payment terms, and payment method

6. Timing of Transfer: Specified date or conditions for transfer of ownership

7. Delivery Terms: Delivery method, timing, and location

8. Risk and Title: When and how risk and ownership transfers from seller to buyer

9. Seller's Warranties: Warranties regarding ownership, quality, and condition of goods

10. Buyer's Obligations: Duties of the buyer including payment and acceptance obligations

11. Default and Remedies: Consequences of breach by either party

12. Force Majeure: Provisions for unforeseen circumstances preventing performance

13. Governing Law: Confirmation of Indonesian law as governing law

14. Dispute Resolution: Process for resolving disputes

15. Execution: Signature blocks and execution requirements

What sections are optional to include in a Sale And Agreement To Sell?

1. Condition Precedents: Conditions that must be met before the sale becomes effective - used for complex transactions

2. Quality Inspection: Procedures for quality inspection - relevant for goods requiring testing or verification

3. Insurance: Insurance requirements - important for high-value goods or during transit

4. Intellectual Property: IP rights provisions - needed when sale involves branded goods or technology

5. Confidentiality: Confidentiality obligations - important for business sales or sensitive transactions

6. Tax Provisions: Specific tax arrangements - relevant for high-value transactions or international sales

7. Registration Requirements: Required for sales of registered assets like land or vehicles

8. Export/Import Provisions: Required for international sales

9. Assignment Rights: Rights to assign the contract - important for business transactions

What schedules should be included in a Sale And Agreement To Sell?

1. Schedule 1 - Asset Description: Detailed technical specifications or description of assets being sold

2. Schedule 2 - Price Breakdown: Detailed breakdown of purchase price components

3. Schedule 3 - Payment Schedule: Payment installments and timing if not immediate payment

4. Schedule 4 - Delivery Schedule: Detailed delivery timeline and requirements

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

6. Appendix A - Condition Report: Current condition of goods (if applicable)

7. Appendix B - Compliance Certificates: Relevant certificates and compliance documents

8. Appendix C - Transfer Forms: Standard forms required for transfer of ownership

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

Contract to Sell

Cost

Free to use
Relevant legal definitions




















































Clauses






































Relevant Industries

Manufacturing

Retail

Real Estate

Agriculture

Mining

Technology

Consumer Goods

Industrial Equipment

Automotive

Construction

Import/Export

Energy

Telecommunications

Financial Services

Hospitality

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Finance

Compliance

Risk Management

Property Management

Supply Chain

Business Development

Corporate Affairs

Asset Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Director

Commercial Director

Business Development Manager

Operations Manager

Finance Manager

Compliance Officer

Risk Manager

Property Manager

Supply Chain Manager

General Manager

CEO

CFO

Corporate Secretary

Asset 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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