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Buyer And Seller Agreement Contract

Buyer And Seller Agreement Contract Template for Indonesia

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Key Requirements PROMPT example:

Buyer And Seller Agreement Contract

"I need a Buyer And Seller Agreement Contract for my small electronics manufacturing business in Jakarta, where I'll be selling circuit boards to a Singapore-based technology company with monthly deliveries starting from March 2025, including quality testing requirements and international shipping terms."

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Document background
The Buyer And Seller Agreement Contract is a fundamental commercial document used to formalize transactions between parties engaged in the sale and purchase of goods or services in Indonesia. This agreement is essential for both business-to-business (B2B) and business-to-consumer (B2C) transactions, providing a legally binding framework under Indonesian law. It incorporates provisions from the Indonesian Civil Code (KUHPerdata), Law No. 8 of 1999 on Consumer Protection, and Law No. 7 of 2014 on Trade. The document is particularly important for establishing clear terms on pricing, delivery, quality standards, warranties, and dispute resolution mechanisms. It can be customized for various transaction scales, from simple retail purchases to complex international trade deals, and includes necessary safeguards to protect both buyers' and sellers' interests in accordance with Indonesian legal requirements.
Suggested Sections

1. Parties: Identification and details of the buyer and seller, including registration numbers for businesses

2. Background: Context of the transaction and relationship between the parties

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

4. Subject Matter of Sale: Clear description of goods/products being sold

5. Price and Payment Terms: Purchase price, payment schedule, payment method, and currency

6. Delivery Terms: Delivery schedule, location, method, and transfer of risk

7. Quality and Specifications: Product quality standards, specifications, and compliance requirements

8. Warranties and Representations: Warranties regarding product quality, ownership, and fitness for purpose

9. Inspection and Acceptance: Procedures for inspecting and accepting the goods

10. Title and Risk: Transfer of ownership and risk allocation

11. Term and Termination: Duration of agreement and termination circumstances

12. Force Majeure: Provisions for unforeseen circumstances affecting performance

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

14. Dispute Resolution: Process for resolving disputes between parties

15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Required when the goods involve patents, trademarks, or other IP rights

2. Confidentiality: Needed when transaction involves sensitive information exchange

3. Insurance: Required for high-value goods or when specific risks need coverage

4. Export/Import Requirements: Necessary for international sales transactions

5. After-Sales Service: Required for technical products needing maintenance or support

6. Return Policy: Important for retail or consumer goods transactions

7. Exclusivity: Optional clause for exclusive buying/selling arrangements

8. Performance Bonds: Required for high-value transactions requiring additional security

Suggested Schedules

1. Product Specifications: Detailed technical specifications of the goods

2. Pricing Schedule: Detailed breakdown of prices, especially for multiple products

3. Delivery Schedule: Detailed timeline and logistics for delivery

4. Quality Standards: Specific quality requirements and testing procedures

5. Warranty Terms: Detailed warranty conditions and claim procedures

6. Required Certifications: Copies of required product or business certifications

7. Service Level Agreement: Details of after-sales service standards if applicable

8. Insurance Requirements: Specific insurance coverage requirements and proof

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 legal definitions
Agreement
Applicable Law
Business Day
Buyer
Confidential Information
Contract Price
Delivery Date
Delivery Location
Delivery Schedule
Effective Date
Force Majeure Event
Goods
Intellectual Property Rights
Invoice
Material Breach
Notice
Party/Parties
Payment Terms
Product Specifications
Purchase Order
Quality Standards
Related Entities
Seller
Services
Shipment
Specifications
Term
Territory
Third Party
Title
Transaction Documents
Warranties
Working Hours
Defect
Acceptance
Inspection Period
Insurance Coverage
Late Payment Interest
Loss
Performance Bond
Purchase Price
Quality Certificate
Rejection Notice
Representatives
Risk of Loss
Taxes
Technical Documentation
Term of Payment
Testing Procedures
Trade Terms
Variation Order
Clauses
Interpretation
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Delivery
Title and Risk
Quality Requirements
Product Specifications
Warranties and Representations
Inspection and Acceptance
Rejection Rights
Insurance
Intellectual Property
Confidentiality
Force Majeure
Term and Termination
Default and Remedies
Indemnification
Limitation of Liability
Regulatory Compliance
Anti-Corruption
Export Control
Documentation Requirements
Taxes
Assignment
Subcontracting
Notices
Dispute Resolution
Governing Law
Jurisdiction
Amendments
Entire Agreement
Severability
Waiver
Relationship of Parties
Costs and Expenses
Language
Counterparts
Product Returns
Quality Assurance
Performance Standards
After-Sales Service
Exclusivity
Non-Competition
Change of Control
Bank Guarantee
Performance Bond
Relevant Industries

Retail

Manufacturing

E-commerce

Agriculture

Technology

Consumer Goods

Industrial Equipment

Automotive

Electronics

Textiles

Food and Beverage

Construction Materials

Healthcare Products

Mining

Energy

Telecommunications

Relevant Teams

Legal

Procurement

Sales

Commercial

Supply Chain

Operations

Compliance

Finance

Business Development

Contract Administration

Risk Management

Relevant Roles

Procurement Manager

Sales Director

Commercial Manager

Legal Counsel

Contract Administrator

Business Development Manager

Supply Chain Manager

Purchasing Officer

Sales Manager

Chief Commercial Officer

Vendor Manager

Trade Compliance Officer

Operations Manager

General Manager

CEO

Business Owner

Industries
Indonesian Civil Code (KUHPerdata): The fundamental law governing contracts in Indonesia, including contract formation, validity requirements, and basic obligations of contracting parties (particularly Book III on Obligations)
Law No. 8 of 1999 on Consumer Protection: Regulates consumer rights and business obligations, including product quality standards, warranties, and consumer remedies
Law No. 7 of 2014 on Trade: Governs trading activities in Indonesia, including domestic and international trade regulations, standards for goods and services
Government Regulation No. 80 of 2019: Regulates electronic commerce and digital transactions, relevant if the agreement involves online trading or electronic execution
Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution: Provides framework for dispute resolution mechanisms that can be incorporated into the agreement
Law No. 13 of 2003 on Manpower: Relevant if the sale agreement involves employment or service elements alongside goods
Government Regulation No. 58 of 2001: Provides guidance on product liability and compensation for damages in consumer transactions
Law No. 5 of 1999 on Competition: Ensures the agreement complies with anti-monopoly and fair competition regulations
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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