Deed Of Absolute Sale Motor Vehicle Template for Indonesia

The Deed of Absolute Sale Motor Vehicle is a crucial legal instrument in Indonesian vehicle transactions, essential for both private and commercial vehicle transfers. This document is required when transferring ownership of any motor vehicle in Indonesia, whether between private individuals, companies, or a combination thereof. It must comply with Indonesian Law No. 22/2009 on Traffic and Road Transport, as well as relevant civil code provisions. The deed includes comprehensive details about the vehicle, parties involved, financial terms, and legal declarations, ensuring a clear and legally binding transfer of ownership. It serves as the primary document for vehicle registration changes and is often required by insurance companies, financing institutions, and government authorities. The document's format and content are designed to protect both buyer and seller while facilitating efficient processing by relevant authorities.

1. Parties: Identification of the Seller and Buyer with complete legal names, ID numbers (KTP), and addresses

2. Background: Brief context stating the Seller's ownership of the vehicle and intention to sell to the Buyer

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

4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and license plate number

5. Sale and Purchase: Declaration of absolute sale and purchase, including the agreed purchase price and payment terms

6. Seller's Representations: Seller's warranties regarding vehicle ownership, absence of liens or encumbrances, and authority to sell

7. Transfer of Ownership: Terms regarding the physical handover of the vehicle and transfer of registration documents

8. Taxes and Costs: Allocation of responsibility for transfer taxes, registration fees, and other associated costs

9. Risk and Liability: Transfer of risk and responsibility for the vehicle from Seller to Buyer

10. Governing Law: Specification that Indonesian law governs the deed

11. Execution: Signature block with space for parties' signatures, witnesses, and notary seal