Assignment Of Purchase And Sale Agreement Form Template for Indonesia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Of Purchase And Sale Agreement Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment Of Purchase And Sale Agreement Form

"I need an Assignment of Purchase and Sale Agreement Form for transferring my rights as buyer of a commercial property in Jakarta to a corporate assignee, with the original purchase price of $2.5M, and the assignment needs to be completed before March 2025 with specific provisions for outstanding installment payments."

Document background
The Assignment Of Purchase And Sale Agreement Form is a crucial legal document used in Indonesian property transactions when an original buyer wishes to transfer their rights and obligations under an existing purchase agreement to a new buyer. This document is particularly relevant in situations involving pre-completion property sales, development projects, or investment restructuring. The form must comply with Indonesian Civil Code requirements, Basic Agrarian Law (UUPA), and relevant property regulations. It includes detailed provisions for the assignment of rights, obligations, and liabilities, along with necessary consents and acknowledgments from all parties. The document requires proper notarization and registration with relevant authorities, and must address specific Indonesian legal requirements regarding property transfers, including tax obligations and transfer duties. It's commonly used in both commercial and residential property transactions, particularly in developing areas or new construction projects where original buyers may need to assign their purchase rights before completion.
Suggested Sections

1. Parties: Identifies all parties to the assignment: the original seller, the original buyer (assignor), and the new buyer (assignee), including their complete legal names and addresses

2. Background: Recitals explaining the existence of the original Purchase and Sale Agreement, its key terms, and the intention to assign the agreement

3. Definitions: Defines key terms used throughout the agreement, including 'Original Agreement', 'Property', 'Assignment Date', and other relevant terms

4. Assignment: Core provision detailing the assignment of rights and obligations from the assignor to the assignee

5. Consideration: Specifies the payment or consideration for the assignment

6. Representations and Warranties: Statements by the assignor regarding their authority to assign, the status of the Original Agreement, and absence of defaults

7. Consent and Acknowledgment: Original seller's consent to the assignment and acknowledgment of the assignee as the new buyer

8. Effective Date and Conditions: Specifies when the assignment takes effect and any conditions that must be satisfied

9. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes

10. Governing Law and Jurisdiction: Specifies Indonesian law as governing law and defines jurisdiction for disputes

11. Execution: Signature blocks for all parties, including witnesses and notary as required under Indonesian law

Optional Sections

1. Original Seller's Release: Optional provision releasing the assignor from future obligations, used when the original seller agrees to a complete novation

2. Security Deposit Transfer: Required only if the original agreement included a security deposit that needs to be transferred or adjusted

3. Broker Provisions: Include if real estate brokers are involved in the assignment transaction

4. Time of Essence: Optional clause emphasizing strict compliance with timeframes, used in time-sensitive transactions

5. Further Assurances: Optional clause requiring parties to execute additional documents if needed, used in complex transactions

6. Surviving Obligations: Optional section specifying which obligations of the assignor survive the assignment, used in situations with continuing obligations

Suggested Schedules

1. Schedule A - Original Purchase and Sale Agreement: Copy of the complete original agreement being assigned

2. Schedule B - Property Details: Detailed description of the property, including certificate numbers and boundaries

3. Schedule C - Outstanding Obligations: List of any remaining obligations under the original agreement

4. Schedule D - Assignment Consideration Details: Breakdown of the assignment price and payment terms

5. Appendix 1 - Required Permits and Approvals: List of governmental or third-party approvals required for the assignment

6. Appendix 2 - Form of Notice to Original Seller: Template for formal notice of assignment to be sent to the original seller

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
Relevant Industries

Real Estate

Property Development

Construction

Commercial Property

Residential Property

Industrial Property

Banking and Finance

Legal Services

Property Investment

Infrastructure Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Risk Management

Project Management

Business Development

Operations

Acquisitions

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Contract Administrator

Property Manager

Investment Manager

Compliance Officer

Real Estate Broker

Project Manager

Finance Director

Risk Manager

Asset Manager

Acquisition Manager

Property Developer

Real Estate Attorney

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

Find the exact document you need

Equipment Assignment Form

An Indonesian law-compliant document that formalizes the assignment of company equipment to employees, outlining usage terms and responsibilities.

find out more

Real Estate Assignment Contract

An Indonesian law-governed agreement for transferring real estate rights between parties, including necessary provisions for property registration and transfer.

find out more

Assignment Of Rights And Obligations Under A Contract

An Indonesian law-governed agreement for transferring contractual rights and obligations from one party to another, complying with the Indonesian Civil Code and relevant regulations.

find out more

Assignment Letter Contract

An Indonesian-law governed document formalizing an employee's reassignment to a new role or location, specifying terms and conditions in compliance with local labor laws.

find out more

Assignment And Agreement Form (Insurance)

An Indonesian law-compliant document that formalizes the transfer of insurance policy rights and benefits from one party to another, meeting OJK regulatory requirements.

find out more

Assignment Of Purchase And Sale Agreement Form

An Indonesian law-governed document that transfers rights and obligations under an existing Purchase and Sale Agreement from an original buyer to a new buyer.

find out more

Assignment Of License Agreement

An Indonesian law-governed agreement transferring license rights from one party to another, ensuring compliance with local IP regulations and registration requirements.

find out more

Assignment Of Intellectual Property Rights

An Indonesian law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local IP regulations and registration requirements.

find out more

Invention Assignment Agreement

An Indonesian law-governed agreement for transferring invention rights from inventors to their employers, ensuring compliance with local patent and IP regulations.

find out more

Debt Assumption Agreement

An Indonesian law-governed agreement facilitating the transfer of debt obligations from an Original Debtor to an Assuming Party, with Creditor consent.

find out more

Assignment Of Security Agreement

A legal document under Indonesian law that transfers security interests from one party to another, including associated rights and obligations.

find out more

Assignment Of Debt Agreement

An Indonesian law-governed agreement for the transfer of debt rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.

find out more

Assignment And Assumption Of Contract

An Indonesian law-governed agreement transferring contractual rights and obligations from an Assignor to an Assignee, complying with the Indonesian Civil Code requirements.

find out more

Assignment Of Lease To New Owner

An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new owner, including necessary consents and regulatory requirements.

find out more

Assignment Assumption And Amendment Agreement

An Indonesian law-governed agreement that combines the assignment of contractual rights and obligations, their assumption by a new party, and amendments to the original agreement terms.

find out more

Assignment Of Lease By Landlord

An Indonesian law-governed document transferring a landlord's lease rights and obligations to a new landlord, ensuring compliance with local property regulations and registration requirements.

find out more

Assignment Of Lease From Seller To Buyer

An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent and necessary legal provisions.

find out more

Assignment Of Receivables Agreement

An Indonesian law-governed agreement for the transfer of receivables from an Assignor to an Assignee, including all necessary provisions for a valid and enforceable assignment under Indonesian law.

find out more

Assignment Employment Contract

An Indonesian law-compliant employment contract for temporary or project-based assignments, establishing terms and conditions for fixed-term employment relationships.

find out more

Assignment Of Purchase Agreement

An Indonesian law-governed agreement transferring rights and obligations under a purchase agreement from an original buyer to a new buyer.

find out more

Assignment Of Inventions Agreement

An Indonesian law-governed agreement for transferring invention rights from inventors to assignees, ensuring compliance with local patent and IP regulations.

find out more

Assignment And Novation Agreement

An Indonesian law-governed agreement that transfers contractual rights and obligations from one party to another, with counterparty consent.

find out more

Debt Transfer Agreement

An Indonesian law-governed agreement facilitating the transfer of debt obligations from one creditor to another, ensuring legal compliance and protection for all parties.

find out more

Transfer Of Copyright Agreement

An Indonesian law-governed agreement for transferring copyright ownership, compliant with Law No. 28 of 2014 on Copyright.

find out more

Assignment Of Claim Agreement

An Indonesian law-governed agreement for transferring rights to a claim from one party to another, ensuring compliance with local regulatory requirements and proper documentation of the assignment.

find out more

Assignment And Transfer Agreement

An Indonesian law-governed agreement facilitating the formal transfer of rights, obligations, or assets between parties, drafted in compliance with local legal requirements.

find out more

Assignment Of Proceeds Agreement

An Indonesian law-governed agreement for the assignment of payment rights or proceeds from one party to another, incorporating local legal requirements and enforcement mechanisms.

find out more

Assignment And Assumption Agreement

An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an assignor to an assignee, with comprehensive terms ensuring legal compliance.

find out more

Accounts Receivable Assignment Agreement

An Indonesian law-governed agreement for the transfer of accounts receivable from one party to another, including payment terms and compliance requirements.

find out more

Lease Assignment Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.

find out more

Copyright Transfer Agreement

An agreement for transferring copyright ownership between parties under Indonesian law, compliant with Law No. 28 of 2014 on Copyright.

find out more

Assumption Agreement

An Indonesian law-governed agreement transferring contractual obligations from one party to another, with the counterparty's consent.

find out more

Assignment Contract (Real Estate)

An Indonesian law-governed contract facilitating the transfer of real estate property rights from an Assignor to an Assignee, compliant with local property regulations and registration requirements.

find out more

Receivables Transfer Agreement

An agreement governing the transfer of receivables between parties under Indonesian law, including transfer terms, pricing, and compliance requirements.

find out more

Loan Assignment Agreement

An agreement governed by Indonesian law that transfers loan rights and obligations from one lender to another, complying with local cessie regulations and OJK requirements.

find out more

Lease Transfer Agreement

An Indonesian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Lease Assumption Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Lease Assignment And Assumption Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.

find out more

Debt Novation Agreement

An Indonesian law-governed agreement that replaces an existing debt obligation with a new one, complying with the Indonesian Civil Code provisions on novation.

find out more

Contract Assignment Agreement

An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.

find out more

Confirmatory Assignment Agreement

An Indonesian law-governed agreement that formally confirms a previous transfer of rights between parties, typically used for intellectual property assignments.

find out more

Commercial Lease Assignment

An Indonesian law-governed agreement transferring commercial lease rights from an existing tenant to a new tenant, including landlord consent and transfer terms.

find out more

Car Assignment Agreement

A legal agreement for transferring vehicle ownership rights under Indonesian law, including registration transfer requirements and ownership responsibilities.

find out more

Assignor And Assignee Agreement

An Indonesian law-governed agreement facilitating the transfer of rights, obligations, or property from an Assignor to an Assignee.

find out more

Assignment Of Shares Agreement

An Indonesian law-governed agreement facilitating the transfer of shares between parties in an Indonesian company, ensuring compliance with local corporate regulations.

find out more

Wholesale Assignment Contract

An Indonesian law-governed contract for assigning wholesale trading rights and assets between business entities.

find out more

Assignment Of Rights Agreement

An Indonesian law-governed agreement facilitating the formal transfer of rights from an Assignor to an Assignee, compliant with Indonesian Civil Code requirements.

find out more

Transfer Of Lease Agreement To New Landlord

An Indonesian law-compliant agreement transferring landlord rights and obligations under an existing lease to a new landlord following property transfer.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.