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Basic Bill Of Sale

Basic Bill Of Sale Template for Indonesia

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Key Requirements PROMPT example:

Basic Bill Of Sale

"I need a Basic Bill of Sale for selling my used Toyota Camry to a private buyer in Jakarta, with the full payment of 150 million IDR to be made at the time of transfer, planned for March 15, 2025."

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Document background
The Basic Bill of Sale is a fundamental legal document used in Indonesian commercial transactions to document and formalize the transfer of ownership of personal property. This document type is essential when conducting sales transactions in Indonesia, whether between individuals, businesses, or a combination of both. It must comply with the Indonesian Civil Code and related commercial regulations, including Law No. 8 of 1999 on Consumer Protection and Law No. 7 of 2014 on Trade. The Basic Bill of Sale should be used whenever there is a need to document the sale of personal property, from vehicles to equipment, providing clear evidence of the transfer of ownership and protecting both parties' interests. It includes crucial information such as the parties' details, property description, purchase price, warranties, and any specific conditions of the sale.
Suggested Sections

1. Parties: Identifies and provides complete details of the seller and buyer, including full legal names, addresses, and any relevant registration numbers

2. Background: Brief context of the sale transaction and the parties' intention to enter into this Bill of Sale

3. Definitions: Defines key terms used throughout the document for clarity and legal certainty

4. Property Description: Detailed description of the property being sold, including specific identifying features, condition, and any unique characteristics

5. Consideration: States the agreed purchase price and payment terms

6. Transfer of Ownership: Explicitly states the transfer of ownership from seller to buyer

7. Seller's Warranties: Warranties regarding ownership, right to sell, and condition of the property

8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of condition

9. Execution: Signature block and execution details including date and location

Optional Sections

1. Payment Terms: Include when payment is not made in full at signing, detailing installment schedule and payment conditions

2. Delivery Terms: Include when delivery arrangements are complex or delivery occurs after signing

3. Condition of Property: Include for used items or when specific defects or conditions need to be documented

4. Governing Law: Include when there might be jurisdictional questions or when parties are from different regions

5. Dispute Resolution: Include when parties wish to specify particular dispute resolution mechanisms

6. Risk and Insurance: Include when there's a gap between signing and delivery, specifying who bears risk during this period

Suggested Schedules

1. Schedule A - Property Details: Detailed technical specifications, photographs, or serial numbers of the property being sold

2. Schedule B - Condition Report: Detailed report of the property's condition, including any existing damage or wear

3. Schedule C - Payment Schedule: If applicable, detailed breakdown of installment payments and due dates

4. Appendix 1 - Required Documentation: Copies of relevant certificates, warranties, or maintenance records

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Retail

Automotive

Real Estate

Manufacturing

Agriculture

Technology

Consumer Goods

Industrial Equipment

Marine

Construction

Small Business

E-commerce

Relevant Teams

Legal

Procurement

Sales

Administration

Operations

Finance

Compliance

Risk Management

Documentation

Asset Management

Relevant Roles

Sales Manager

Procurement Officer

Legal Counsel

Compliance Officer

Business Development Manager

Contract Administrator

Administrative Assistant

Operations Manager

Finance Manager

Asset Manager

Property Manager

Purchase Officer

Documentation Specialist

Risk Manager

Industries
Indonesian Civil Code (Kitab Undang-undang Hukum Perdata): The fundamental law governing contracts and agreements in Indonesia, particularly Book III on Obligations, which covers basic contract requirements, rights, and obligations of parties
Law No. 8 of 1999 on Consumer Protection: Provides protection for consumers in transactions and establishes rights and obligations of both sellers and buyers in commercial transactions
Law No. 7 of 2014 on Trade: Regulates domestic trade activities and transactions, including requirements for documentation and record-keeping in sales
Government Regulation No. 80 of 2019: Regulates trading through electronic systems, relevant if the bill of sale involves any electronic documentation or transactions
Law No. 42 of 1999 on Fiduciary Security: Relevant if the sale involves any secured transactions or payment in installments
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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