Absolute Deed Of Sale Of Motor Vehicle Template for Indonesia

The Absolute Deed Of Sale Of Motor Vehicle is a crucial legal document used in Indonesia when transferring ownership of motor vehicles between parties. This document is required by Indonesian law to ensure a legally binding and properly documented vehicle sale transaction. It must be executed before a Notary Public and includes comprehensive details about the vehicle, parties involved, and terms of sale. The deed is particularly important as it provides legal certainty under Indonesian law and facilitates the official transfer of vehicle registration and ownership documents (BPKB and STNK). This document type is essential for both private sales and commercial transactions, ensuring compliance with Indonesian Civil Code requirements and specific vehicular regulations.

1. Parties: Identification of seller and buyer with complete legal names, addresses, ID numbers, and confirmation of legal capacity

2. Background: Brief context of the sale transaction and confirmation of vehicle ownership by seller

3. Definitions: Key terms used in the deed including technical vehicle terminology and legal terms

4. Vehicle Details: Complete specification of the vehicle including make, model, year, chassis number, engine number, color, and registration details

5. Sale Declaration: Formal declaration of absolute sale and transfer of ownership

6. Purchase Price: Statement of agreed purchase price and confirmation of payment

7. Seller's Warranties: Warranties regarding vehicle ownership, absence of liens, and vehicle condition

8. Transfer of Risk: Specification of when risk transfers from seller to buyer

9. Handover Provisions: Details of vehicle and documentation handover process

10. Tax and Registration: Responsibilities for transfer taxes and registration procedures

11. Governing Law: Confirmation of Indonesian law application and jurisdiction

12. Execution: Formal notarial execution clause and signature requirements