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The Seller Financing Contract is a crucial document used in Indonesian business transactions where traditional financing through financial institutions is either not preferred or not available. This agreement type is particularly valuable for businesses looking to facilitate sales while maintaining security over the sold asset until full payment is received. The document must comply with Indonesian law, particularly the Civil Code and Financial Services Authority regulations, and typically includes comprehensive terms covering the sale, financing arrangements, security interests, and risk mitigation measures. A properly structured Seller Financing Contract protects both parties' interests while ensuring enforceability under Indonesian jurisdiction, making it essential for significant asset sales with internal financing arrangements.

1. Parties: Identification of the Seller/Financier and the Buyer/Borrower with complete legal names and addresses

2. Background: Context of the transaction, including description of the asset being sold and the agreement to provide financing

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

4. Purchase Price and Financing Terms: Total purchase price, down payment, financed amount, and detailed financing terms

5. Interest Rate and Calculations: Specified interest rate, calculation method, and total finance charges

6. Payment Terms: Payment schedule, installment amounts, and payment methods

7. Security Interest: Details of the security interest in the financed asset and registration requirements

8. Title and Ownership: Provisions regarding transfer of title and ownership rights

9. Representations and Warranties: Statements of fact and guarantees by both parties

10. Buyer's Covenants: Ongoing obligations of the buyer regarding maintenance, insurance, and use of the asset

11. Default and Remedies: Events of default and available remedies including repossession rights

12. Governing Law: Specification of Indonesian law as governing law and jurisdiction

13. Notices: Process and requirements for formal communications between parties

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments