The Vehicle Sale Agreement Between Two Parties is a crucial legal document used in Indonesia when transferring ownership of a vehicle from one party to another. This agreement is essential for both private and commercial transactions, ensuring compliance with Indonesian civil law and transportation regulations, particularly Law No. 22 of 2009. The document serves multiple purposes: it records the terms of sale, protects both parties' interests, facilitates the legal transfer of ownership, and helps prevent future disputes. It includes detailed vehicle information, price and payment terms, warranties, and specific requirements for Indonesian vehicle registration transfer. This agreement is particularly important given Indonesia's specific requirements for vehicle ownership transfer and registration procedures, including the transfer of BPKB (Book of Vehicle Ownership) and updating of STNK (Vehicle Registration Certificate).
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1. Parties: Identification of the Seller and Buyer with complete legal names and addresses
2. Background: Brief context of the sale and the parties' intention to enter into the agreement
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details
5. Purchase Price and Payment: Agreed purchase price, payment terms, and method of payment
6. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership, including documentation requirements
7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and legal status
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Completion of Sale: Details of the handover process, including timing and location
10. Tax and Registration: Responsibilities for transfer taxes, registration fees, and administrative costs
11. Governing Law: Specification of Indonesian law as governing law
12. Dispute Resolution: Process for resolving any disputes arising from the agreement
13. Entire Agreement: Confirmation that the document represents the complete agreement between parties
1. Installment Payment Terms: Detailed payment schedule when purchase price is paid in installments
2. Condition Precedents: Specific conditions that must be met before the sale can be completed
3. Security Interest: Terms regarding any security interest retained by the seller until full payment
4. Insurance Requirements: Specifications about insurance requirements during any transition period
5. Third-Party Claims: Provisions dealing with potential third-party claims on the vehicle
6. Modifications Disclosure: Details of any modifications made to the vehicle when applicable
1. Vehicle Inspection Report: Detailed report of the vehicle's condition at time of sale
2. Vehicle Documentation: Copies of registration certificate (STNK), vehicle ownership book (BPKB), and service history
3. Payment Schedule: Detailed payment timeline if installment payments are agreed
4. Handover Checklist: List of items to be handed over with the vehicle (spare keys, tools, manuals etc.)
5. Photographs: Dated photographs of the vehicle showing its condition at time of sale
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Retail
Fleet Management
Vehicle Leasing
Used Car Dealerships
Logistics
Private Transportation
Car Rental
Asset Management
Relevant Teams
Legal
Procurement
Sales
Operations
Administration
Compliance
Fleet Management
Risk Management
Asset Management
Documentation
Relevant Roles
Fleet Manager
Legal Counsel
Procurement Manager
Sales Manager
Administrative Officer
Compliance Officer
Contract Administrator
Vehicle Assets Manager
Operations Manager
Business Owner
Legal Assistant
Documentation Specialist
Risk Manager
Property Administrator
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