Buyers Agreement Form Template for Indonesia

A comprehensive legal document governed by Indonesian law that formalizes the terms and conditions of a purchase transaction between a buyer and seller. This agreement outlines the essential elements of the purchase, including product specifications, pricing, payment terms, delivery conditions, warranties, and dispute resolution mechanisms. It ensures compliance with Indonesian consumer protection laws, particularly Law No. 8 of 1999, and includes mandatory provisions for both domestic and international transactions. The document provides legal protection for both parties while establishing clear rights, obligations, and remedies under Indonesian jurisdiction.

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What is a Buyers Agreement Form?

The Buyer's Agreement Form is a fundamental legal document used in Indonesian commercial transactions to formalize purchase arrangements between parties. It serves as a crucial tool for businesses and individuals engaging in both B2B and B2C transactions within Indonesia's legal framework. This document is essential for compliance with Indonesian contract law, consumer protection regulations (Law No. 8 of 1999), and trade regulations (Law No. 7 of 2014). The agreement typically covers key aspects such as product specifications, pricing, delivery terms, warranties, and dispute resolution mechanisms. It can be adapted for various transaction types, from simple retail purchases to complex industrial acquisitions, while maintaining compliance with Indonesian legal requirements, including the mandatory use of the Indonesian language in contracts involving Indonesian parties.

What sections should be included in a Buyers Agreement Form?

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

2. Background: Context of the agreement and brief description of the transaction purpose

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

4. Object of Purchase: Detailed description of goods/services being purchased, including specifications and quantity

5. Purchase Price: Total purchase price, currency, and breakdown of costs including applicable taxes

6. Payment Terms: Payment method, timing, and conditions for payment

7. Delivery Terms: Delivery method, timeline, location, and responsibilities of each party

8. Warranties and Representations: Warranties provided by the seller regarding the goods/services

9. Rights and Obligations: Detailed responsibilities and rights of both buyer and seller

10. Default and Remedies: Consequences of breach and available remedies for both parties

11. Governing Law: Specification of Indonesian law as governing law and jurisdiction

12. Dispute Resolution: Process for resolving disputes, including mediation and arbitration procedures

13. Notices: Method and addresses for official communications between parties

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

What sections are optional to include in a Buyers Agreement Form?

1. Installment Payment Terms: Details of installment payment structure when purchase is not paid in full upfront

2. Quality Inspection: Procedures for quality inspection and acceptance testing, particularly relevant for manufacturing or bulk purchases

3. Intellectual Property Rights: Required when purchase involves digital content, software, or IP-related products

4. Maintenance and Support: For purchases requiring ongoing maintenance or technical support

5. Insurance Requirements: Insurance obligations when dealing with high-value items or specific risk scenarios

6. Confidentiality: Required when transaction involves sensitive information exchange

7. Force Majeure: Provisions for unforeseen circumstances preventing contract fulfillment

8. Return Policy: Specific terms for returns and refunds, particularly important for retail purchases

9. Cancellation Rights: Terms and conditions for order cancellation by either party

What schedules should be included in a Buyers Agreement Form?

1. Schedule A - Product Specifications: Detailed technical specifications of the goods being purchased

2. Schedule B - Pricing Details: Detailed breakdown of pricing, including unit prices, discounts, and tax calculations

3. Schedule C - Delivery Schedule: Detailed delivery timeline and milestones, particularly for multiple deliveries

4. Schedule D - Quality Standards: Specific quality requirements and standards that must be met

5. Schedule E - Warranty Terms: Detailed warranty terms, conditions, and claim procedures

6. Appendix 1 - Required Documents: List of documents required for the transaction (e.g., certificates, permits)

7. Appendix 2 - Testing Procedures: Detailed procedures for product testing and acceptance

8. Appendix 3 - Contact Details: Complete contact information for key personnel from both parties

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

Jurisdiction

Indonesia

Publisher

Genie AI

Cost

Free to use

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