Bill Of Sale Of A Business 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 Bill Of Sale Of A Business

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:

Bill Of Sale Of A Business

"I need a Bill of Sale of a Business document for selling my Jakarta-based retail company to a local buyer, with the transfer scheduled for March 15, 2025, including inventory, customer contracts, and 25 employees."

Document background
The Bill of Sale of a Business is a crucial legal document used in Indonesian business transactions when transferring ownership of an entire business enterprise from one party to another. This document is essential for both small and large business transactions in Indonesia, requiring compliance with various regulations including the Indonesian Civil Code (KUHPer), Commercial Code (KUHD), and specific industry regulations. It's particularly important as it provides legal protection for both parties, documents the transfer of all business assets and liabilities, and ensures compliance with local business registration requirements. The document becomes necessary when a business owner wants to sell their enterprise, during succession planning, or as part of corporate restructuring. It must be carefully drafted to address Indonesian tax implications, employee rights under local labor laws, and regional business permit requirements.
Suggested Sections

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

2. Background: Context of the sale, brief description of the business, and purpose of the agreement

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

4. Sale and Purchase: Core provision declaring the transfer of the business from Seller to Buyer

5. Purchase Price: Agreed purchase price and detailed payment terms

6. Assets Included: Comprehensive list of tangible and intangible assets included in the sale

7. Liabilities: Statement of which liabilities are assumed by the buyer and which remain with the seller

8. Closing: Details of the closing process, including timing and deliverables

9. Seller's Representations and Warranties: Statements of fact and guarantees about the business made by the seller

10. Buyer's Representations and Warranties: Statements of fact and guarantees made by the buyer

11. Employee Matters: Treatment of employees and related obligations under Indonesian Labor Law

12. Tax Matters: Allocation of tax liabilities and obligations

13. Governing Law: Specification of Indonesian law as governing law

14. Dispute Resolution: Process for resolving disputes under Indonesian jurisdiction

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Intellectual Property: Detailed provisions for transfer of IP rights, used when the business has significant IP assets

2. Real Estate: Specific provisions for transfer of property ownership or lease agreements, used when real estate is part of the sale

3. Regulatory Compliance: Special provisions for regulated industries requiring specific permits or licenses

4. Non-Competition: Restrictions on seller's future business activities, used when protecting business goodwill is crucial

5. Training and Transition: Provisions for seller to provide training or transition support, used for complex businesses

6. Environmental Matters: Special provisions for businesses with environmental impacts or obligations

7. Foreign Investment Provisions: Additional provisions required when the buyer is a foreign entity

Suggested Schedules

1. Schedule A - Asset Inventory: Detailed list of all physical assets included in the sale

2. Schedule B - Contracts and Agreements: List of all contracts being transferred

3. Schedule C - Intellectual Property: Inventory of all IP assets including registrations and licenses

4. Schedule D - Employee Information: List of employees and their employment terms

5. Schedule E - Permits and Licenses: List of all business permits and licenses

6. Schedule F - Real Estate Details: Details of owned or leased property included in the sale

7. Schedule G - Excluded Assets: List of assets specifically excluded from the sale

8. Appendix 1 - Due Diligence Findings: Summary of key due diligence findings

9. Appendix 2 - Financial Statements: Recent financial statements of the business

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

Retail

Manufacturing

Services

Technology

Hospitality

Construction

Agriculture

Mining

Transportation

Healthcare

Education

Food and Beverage

Real Estate

Professional Services

Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Human Resources

Operations

Compliance

Tax

Risk Management

Corporate Secretariat

Relevant Roles

CEO

Business Owner

Managing Director

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Business Development Manager

Finance Director

Operations Manager

HR Director

Commercial Director

Risk Manager

Compliance Officer

Company Secretary

Tax 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

Find the exact document you need

Bill Of Sale Trailer

An Indonesian law-compliant document that legally transfers ownership of a trailer from seller to buyer, meeting all SAMSAT requirements.

find out more

Buy Sell Car Agreement Form

An Indonesian law-governed agreement for the sale and purchase of a motor vehicle, detailing transaction terms and ownership transfer requirements.

find out more

Deed Of Absolute Sale Motor Vehicle

An Indonesian legal document that formalizes the transfer of motor vehicle ownership from seller to buyer, complying with Indonesian vehicle transfer laws and regulations.

find out more

Car Buying Agreement

An Indonesian law-governed agreement for the sale and purchase of a motor vehicle, detailing terms, conditions, and transfer requirements.

find out more

Car Buying Contract

An Indonesian law-compliant contract for the sale and purchase of motor vehicles, detailing vehicle specifications, price, and ownership transfer terms.

find out more

Bill Of Sale Of A Business

An Indonesian law-governed document that formalizes the complete sale and transfer of a business, including all assets, liabilities, and obligations from seller to buyer.

find out more

Second Hand Car Sale Agreement

An Indonesian law-governed agreement for the sale and purchase of a used vehicle, including ownership transfer requirements and necessary legal protections.

find out more

Loan Vehicle Sale Agreement

An Indonesian law-governed agreement combining vehicle sale and loan financing terms, structured under Indonesian Civil Code and OJK regulations.

find out more

Car Sold As Is Contract

An Indonesian law-compliant contract for the sale of a vehicle in "as is" condition, detailing vehicle state and transferring ownership without warranties.

find out more

Motor Vehicle Sale Agreement

An Indonesian law-governed agreement for the sale and transfer of ownership of a motor vehicle, ensuring compliance with local vehicle registration requirements.

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.