Sale Of Vehicle Form Template for Indonesia

The Sale of Vehicle Form is a crucial legal document used in Indonesia to formalize and document the transfer of vehicle ownership between parties. This document is essential for both private and commercial vehicle sales, ensuring compliance with Indonesian Civil Code, Law No. 22 of 2009 on Traffic and Road Transportation, and related regulations. The form captures all necessary information required by Indonesian authorities for vehicle ownership transfer, including detailed party information, comprehensive vehicle specifications, payment terms, and warranty provisions. It serves multiple purposes: as a binding sales agreement, a record of transaction terms, and supporting documentation for vehicle registration transfer at the local police department (SAMSAT). The document is designed to protect both parties' interests while fulfilling regulatory requirements for vehicle ownership transfer in Indonesia.

1. Parties: Details of the seller and buyer, including full legal names, ID numbers (KTP), addresses, and contact information

2. Background: Brief context about the sale transaction and the purpose of the agreement

3. Definitions: Key terms used throughout the document defined for clarity

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

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

6. Vehicle Condition: Current condition of the vehicle, including any known defects or damage

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

8. Transfer of Ownership: Terms and process for transferring vehicle ownership, including documentation requirements

9. Responsibilities for Transfer Costs: Allocation of costs related to the transfer of ownership, taxes, and registration

10. Completion of Sale: Requirements and process for completing the sale, including document handover

11. Governing Law: Specification that Indonesian law governs the agreement

12. Signatures: Space for parties' signatures, witnesses, and date of signing