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Assignment Of Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

Assignment Of Purchase Agreement

"I need an Assignment of Purchase Agreement to transfer my rights as buyer of a manufacturing facility in Jakarta to my subsidiary company, with completion scheduled for March 15, 2025; the original purchase agreement value is USD 5 million and includes machinery and equipment."

Document background
The Assignment Of Purchase Agreement is a crucial legal instrument in Indonesian business transactions that enables the transfer of rights and obligations from one party to another. This document is commonly used when the original buyer of goods, property, or services needs to transfer their purchase rights to a new party, whether due to business restructuring, strategic decisions, or financial considerations. It must comply with Indonesian Civil Code requirements, particularly Articles 1313-1351 and 1459-1470 regarding contract law and assignment of rights. The document typically includes detailed provisions about the original purchase agreement, consideration for the assignment, representations and warranties, and completion mechanisms. In cases involving real estate, additional compliance with Government Regulation No. 24 of 1997 on Land Registration is required.
Suggested Sections

1. Parties: Identification of the Assignor (original buyer), Assignee (new buyer), and Original Seller

2. Background: Context of the original purchase agreement and reasons for assignment

3. Definitions: Key terms used in the agreement including Original Agreement, Assignment Date, Completion Date

4. Assignment: Core provision transferring all rights, title, and interest in the Purchase Agreement from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of original agreement

7. Effective Date and Completion: Timing and conditions for the assignment to take effect

8. Assignor's Obligations: Continuing obligations and responsibilities of the original buyer

9. Assignee's Obligations: New buyer's undertakings and responsibilities post-assignment

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

Optional Sections

1. Original Seller's Consent: Required if the original purchase agreement requires seller's consent for assignment

2. Tax Provisions: Include when the assignment has specific tax implications that need to be addressed

3. Property Specific Provisions: Required if the purchase agreement involves real estate or specific property rights

4. Regulatory Compliance: Include when the assignment requires specific regulatory approvals or notifications

5. Further Assurance: Optional clause requiring parties to take additional steps to perfect the assignment

6. Costs and Expenses: Include when there's a need to specify responsibility for assignment-related costs

Suggested Schedules

1. Schedule 1 - Original Purchase Agreement: Copy or details of the purchase agreement being assigned

2. Schedule 2 - Consent Documentation: Any required consent letters from the original seller or third parties

3. Schedule 3 - Property Details: If applicable, specific details of property or assets covered by the purchase agreement

4. Schedule 4 - Outstanding Obligations: List of any remaining obligations under the original purchase agreement

5. Appendix A - Required Notices: Forms of notices required to perfect the assignment

6. Appendix B - Payment Details: Details of consideration and payment mechanisms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate

Construction

Manufacturing

Retail

Agriculture

Mining

Infrastructure

Commercial Property

Industrial Development

Energy

Technology

Relevant Teams

Legal

Procurement

Commercial

Real Estate

Compliance

Business Development

Asset Management

Corporate Secretariat

Risk Management

Operations

Relevant Roles

Legal Counsel

Contract Manager

Property Manager

Commercial Director

Business Development Manager

Chief Legal Officer

Procurement Manager

Real Estate Manager

Corporate Secretary

Compliance Officer

Transaction Manager

Asset Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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