Vehicle Sale Agreement Template for Indonesia

The Vehicle Sale Agreement serves as a crucial legal instrument in Indonesian vehicle transactions, designed to protect both buyers' and sellers' interests while ensuring compliance with local regulations. This document is essential for any vehicle sale transaction in Indonesia, whether between private individuals, corporate entities, or dealerships. The agreement incorporates requirements from various Indonesian laws, including the Civil Code, Law No. 22 of 2009 on Traffic and Road Transportation, and consumer protection regulations. It covers crucial elements such as vehicle identification, price, payment terms, warranties, and ownership transfer procedures. The document is particularly important given Indonesia's specific requirements for vehicle registration transfer and taxation obligations, making it a vital tool for ensuring legal compliance and transaction security.

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

2. Background: Brief context of the transaction and confirmation of the seller's ownership and right to sell

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

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

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

6. Transfer of Ownership: Terms and process for legal transfer of vehicle ownership under Indonesian law

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and legal status

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

9. Documentation and Registration: Requirements for transfer of registration and relevant documentation under Indonesian law

10. Risk and Insurance: Transfer of risk and insurance responsibilities

11. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction

12. Execution: Signature blocks and execution requirements