Contract Of Sale Of Motor Vehicle Template for Indonesia

The Contract of Sale of Motor Vehicle is a crucial legal document used in Indonesia for documenting the transfer of vehicle ownership between parties. It is essential for both private and commercial vehicle sales, ensuring compliance with Indonesian Civil Code requirements and specific regulations such as Law No. 22 of 2009 on Traffic and Road Transportation. The document should be used whenever a motor vehicle is being sold, whether between private individuals, through dealerships, or between companies. It includes comprehensive details about the vehicle, parties involved, purchase price, payment terms, warranties, and the specific requirements for transferring vehicle registration and ownership documentation. This agreement helps prevent future disputes by clearly documenting the terms of sale and ensuring all necessary legal requirements for vehicle ownership transfer in Indonesia are met.

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

2. Background: Brief context of the sale transaction and confirmation that the Seller owns the vehicle

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', 'Transfer Documents'

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

5. Purchase Price and Payment Terms: Agreed purchase price, payment method, and payment schedule if applicable

6. Completion and Transfer of Ownership: Process and timing for transferring vehicle ownership and required documentation

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

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Transfer Documentation: List of documents to be provided for ownership transfer and registration

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes