Vehicle Sale Agreement Between Two Parties Template for Indonesia

The Vehicle Sale Agreement Between Two Parties is a crucial legal document used in Indonesia when transferring ownership of a vehicle from one party to another. This agreement is essential for both private and commercial transactions, ensuring compliance with Indonesian civil law and transportation regulations, particularly Law No. 22 of 2009. The document serves multiple purposes: it records the terms of sale, protects both parties' interests, facilitates the legal transfer of ownership, and helps prevent future disputes. It includes detailed vehicle information, price and payment terms, warranties, and specific requirements for Indonesian vehicle registration transfer. This agreement is particularly important given Indonesia's specific requirements for vehicle ownership transfer and registration procedures, including the transfer of BPKB (Book of Vehicle Ownership) and updating of STNK (Vehicle Registration Certificate).

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

2. Background: Brief context of the sale and the parties' intention to enter into the agreement

3. Definitions: Key terms used throughout the agreement

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

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

6. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership, including documentation requirements

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

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

9. Completion of Sale: Details of the handover process, including timing and location

10. Tax and Registration: Responsibilities for transfer taxes, registration fees, and administrative costs

11. Governing Law: Specification of Indonesian law as governing law

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

13. Entire Agreement: Confirmation that the document represents the complete agreement between parties