Document background
A Bill of Transfer is a crucial legal instrument in Indonesian business and property transactions, used to document and effectuate the transfer of ownership of various types of assets. This document is essential when transferring ownership of both tangible and intangible property, including real estate, vehicles, equipment, or intellectual property rights. The document must conform to Indonesian Civil Code (KUHPer) requirements and often requires notarization to be legally valid. It typically includes detailed information about the parties involved, precise descriptions of the transferred property, consideration paid, warranties, and tax implications. The Bill of Transfer serves as definitive evidence of the ownership transfer and may need to be registered with relevant Indonesian authorities, particularly for land transfers under the Basic Agrarian Law.
