Acquisition Bill Of Sale Template for Indonesia

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Key Requirements PROMPT example:

Acquisition Bill Of Sale

"I need an Acquisition Bill of Sale for my manufacturing company's purchase of industrial equipment and machinery from PT Indo Manufacturing, with completion planned for March 2025, including warranty provisions and payment in installments."

Document background
The Acquisition Bill of Sale is a critical legal instrument used in Indonesian business transactions to document and effectuate the transfer of ownership of assets or business property. This document is essential when conducting asset acquisitions in Indonesia, whether for complete business transfers or specific asset purchases. It must comply with Indonesian Civil Code (KUHPerdata) requirements and relevant commercial regulations, including Law No. 40 of 2007 on Limited Liability Companies where applicable. The document serves as conclusive evidence of the transfer and includes detailed descriptions of assets, purchase price, payment terms, warranties, and other essential terms of the sale. It's particularly important for establishing clear title and meeting regulatory requirements for asset transfers in Indonesia's legal framework.
Suggested Sections

1. Parties: Identification of the seller and buyer, including complete legal names, registration numbers, and addresses

2. Background: Context of the sale, including brief description of the business/assets and purpose of the transfer

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

4. Subject Matter of Sale: Detailed description of the assets being sold and transferred

5. Purchase Price: Specification of the purchase price and payment terms

6. Transfer of Title: Express provisions regarding the transfer of ownership and risk

7. Seller's Representations and Warranties: Statements of fact and guarantees by the seller regarding the assets

8. Seller's Obligations: Specific obligations of the seller including delivery and documentation

9. Buyer's Obligations: Specific obligations of the buyer including payment and completion requirements

10. Completion: Details of the completion process, timing, and requirements

11. Governing Law: Specification of Indonesian law as the governing law

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Used when the sale is subject to specific conditions being met before completion

2. Tax Provisions: Include when specific tax arrangements or allocations need to be addressed

3. Employee Matters: Required when the sale involves transfer of employees

4. Intellectual Property Rights: Include when the sale involves transfer of IP rights

5. Non-Competition: Used when restricting seller's future business activities is necessary

6. Transition Services: Include when post-completion support or services are required

7. Dispute Resolution: Optional detailed dispute resolution procedures beyond basic governing law

8. Force Majeure: Include when specific force majeure provisions are needed beyond standard legal provisions

Suggested Schedules

1. Asset Schedule: Detailed inventory of all assets being transferred

2. Excluded Assets Schedule: List of assets specifically excluded from the sale

3. Encumbrances Schedule: List of any existing encumbrances on the assets

4. Required Consents: List of third-party consents required for the transfer

5. Transfer Documents: Forms of specific transfer documents required for particular assets

6. Purchase Price Allocation: Breakdown of purchase price across different asset categories

7. Completion Checklist: List of actions and documents required for completion

8. Existing Contracts: List of contracts being transferred or requiring assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Real Estate

Retail

Technology

Agriculture

Mining

Financial Services

Transportation

Healthcare

Construction

Hospitality

Energy

Telecommunications

Industrial

Consumer Goods

Relevant Teams

Legal

Finance

Mergers & Acquisitions

Corporate Strategy

Operations

Risk & Compliance

Business Development

Asset Management

Commercial

Treasury

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Secretary

Finance Director

Mergers & Acquisitions Director

Business Development Manager

Asset Manager

Operations Director

Commercial Director

Risk Manager

Compliance Officer

Transaction Manager

Investment Manager

Property 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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