As Is Bill Of Sale Template for Indonesia

The As Is Bill of Sale is a crucial document in Indonesian business transactions where property is sold in its current condition without warranties or guarantees. It is commonly used for selling used equipment, vehicles, or other assets where the seller wants to limit their liability regarding the property's condition. The document must comply with Indonesian Civil Code requirements and include specific provisions required by local law. It's particularly important in scenarios where the buyer has inspected the property and agrees to accept it in its current state. The document typically includes detailed property descriptions, purchase price, clear statements about the "as is" nature of the sale, and acknowledgments from both parties. This type of agreement is especially relevant in business-to-business transactions and situations where the property's condition may not be perfect but is acceptable to the buyer.

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

2. Background: Brief context of the sale and confirmation that the seller owns the property being sold

3. Definitions: Key terms used in the document, including 'As Is' definition

4. Property Description: Detailed description of the property being sold, including any identifying numbers or characteristics

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

6. As Is Condition: Clear statement that the property is sold 'as is' with no warranties or guarantees

7. Risk and Title Transfer: Specification of when risk and title transfer to the buyer

8. Seller's Representations: Limited representations about ownership and authority to sell

9. Buyer's Acknowledgments: Buyer's confirmation of accepting the property 'as is' and having inspected it

10. Execution: Signature blocks and execution requirements