Car Assignment Agreement Template for Indonesia

The Car Assignment Agreement is a crucial document used in Indonesia when transferring ownership rights of a vehicle between parties, whether individuals or corporations. It ensures compliance with Indonesian civil law and transportation regulations, particularly Law No. 22 of 2009 and related regional requirements. This agreement is essential for fleet management, corporate vehicle transfers, and individual vehicle assignments, providing a comprehensive framework for documenting the transfer terms, vehicle specifications, warranties, and registration requirements. The document is commonly used in corporate fleet restructuring, employee vehicle assignments, or when transferring vehicles between related entities. It includes provisions for handling Indonesian vehicle registration procedures, tax obligations, and insurance requirements, making it a vital tool for managing vehicle transfers while ensuring legal compliance.

1. Parties: Identification of the Assignor and Assignee with complete legal names and addresses

2. Background: Context of the assignment, including the original ownership status of the vehicle

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Assignment Date', 'Transfer Documents'

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration details

5. Assignment Terms: Core terms of the assignment including the transfer of ownership rights and responsibilities

6. Consideration: Details of payment or other consideration for the assignment

7. Completion Requirements: Steps required to complete the assignment including documentation and registration transfer

8. Representations and Warranties: Statements regarding vehicle condition, ownership status, and absence of encumbrances

9. Tax and Costs: Allocation of responsibility for transfer taxes, registration fees, and other costs

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