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Agreement Of Sale Of Motor Vehicle
"I need an Agreement of Sale of Motor Vehicle under Indonesian law for the sale of a fleet of 5 delivery trucks from PT Logistics Indo to PT Express Cargo, with installment payment terms over 24 months starting March 2025."
1. Parties: Identification of the seller and buyer with complete legal names and addresses
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration details
5. Purchase Price: Agreed purchase price, payment terms, and method of payment
6. Transfer of Ownership: Terms and process for transferring vehicle ownership, including documentation requirements
7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and absence of encumbrances
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Completion of Sale: Process and requirements for completing the sale, including documentation and registration transfer
10. Governing Law: Specification of Indonesian law as governing law and jurisdiction
11. Signatures: Execution clause and signature blocks for both parties
1. Financing Terms: Include when the purchase involves financing or installment payments
2. Insurance: Include when transfer of existing insurance or requirement for new insurance needs to be addressed
3. Condition Report: Include when selling used vehicles to detail known issues or repairs
4. Third-Party Rights: Include when there are existing liens or third-party interests to be cleared
5. Return Policy: Include when offering a return or exchange period
6. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures
7. Force Majeure: Include when parties want to address unforeseen circumstances affecting completion
1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule B - Vehicle Condition Report: Comprehensive inspection report of the vehicle's current condition
3. Schedule C - Payment Schedule: If applicable, detailed breakdown of payment installments
4. Schedule D - Required Documents: List of all documents required for transfer of ownership
5. Appendix 1 - Vehicle Registration Certificate: Copy of current STNK (Vehicle Registration Certificate)
6. Appendix 2 - Vehicle Ownership Book: Copy of BPKB (Vehicle Ownership Book)
7. Appendix 3 - Service History: Records of vehicle maintenance and service history
8. Appendix 4 - Insurance Documents: Existing insurance policy documents if applicable
Authors
Automotive
Transportation
Fleet Management
Vehicle Leasing
Car Dealership
Insurance
Financial Services
Logistics
Corporate Services
Legal
Procurement
Fleet Management
Sales
Operations
Administrative Services
Compliance
Risk Management
Finance
Corporate Services
Fleet Manager
Sales Manager
Legal Counsel
Procurement Officer
Compliance Officer
Operations Manager
Administrative Officer
Vehicle Registration Officer
Finance Manager
Risk Manager
Corporate Services Manager
Dealership Manager
Transportation Manager
Asset Manager
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