Car Purchase And Sale Agreement Template for Indonesia

The Car Purchase and Sale Agreement is a vital legal instrument used in Indonesia for documenting and formalizing vehicle ownership transfers. This document is essential for both private and commercial vehicle transactions, ensuring compliance with Indonesian legal requirements including the Civil Code, traffic regulations, and consumer protection laws. It should be used whenever a vehicle ownership transfer occurs, whether between private individuals, corporate entities, or through dealerships. The agreement includes crucial details such as vehicle specifications, ownership history, payment terms, warranties, and transfer procedures. It also addresses regulatory requirements for vehicle registration transfer, tax obligations, and necessary documentation under Indonesian law. This template is designed to protect both buyers' and sellers' interests while ensuring the transaction meets all legal requirements for vehicle ownership transfer in Indonesia.

1. Parties: Identification of the seller and buyer with complete legal names and addresses

2. Background: Brief context of the transaction and the parties' intentions

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

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

5. Purchase Price: Agreed purchase price, payment terms, and method of payment

6. Transfer of Ownership: Terms and process for transferring vehicle ownership and required documentation

7. Seller's Representations and Warranties: Seller's guarantees regarding vehicle condition, ownership, and absence of encumbrances

8. Buyer's Representations: Buyer's acknowledgments and confirmations regarding vehicle inspection and acceptance

9. Delivery: Terms and conditions for vehicle delivery, including timing and location

10. Registration and Taxes: Responsibilities for handling registration transfer and payment of related taxes and fees

11. Risk and Insurance: Transfer of risk and insurance requirements during the transition period

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

13. Dispute Resolution: Process for resolving any disputes arising from the agreement

14. Execution: Signature blocks and execution requirements