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The Contract For Land Purchase is a vital legal instrument used in Indonesian property transactions to formalize the transfer of land ownership between parties. This document is essential when any individual or entity wishes to purchase land in Indonesia, whether for residential, commercial, or industrial purposes. It must comply with various Indonesian regulations, including the Basic Agrarian Law (UU No. 5/1960), land registration requirements, and local spatial planning rules. The contract covers crucial aspects such as property identification, ownership verification, payment terms, and transfer procedures. Special considerations are included for foreign ownership restrictions, adat (customary) rights where applicable, and specific regional requirements. This document type is particularly important given Indonesia's complex land law system and the requirement for formal documentation in property transactions.

1. Parties: Identification and details of the seller and purchaser, including their legal capacity to enter into the agreement

2. Background: Context of the transaction and brief history of the land ownership

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the land, including certificate numbers, boundaries, and total area

5. Purchase Price: Agreed purchase price and payment terms, including deposit arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Conditions Precedent: Conditions that must be satisfied before completion, including necessary permits and approvals

8. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and compliance with laws

9. Due Diligence: Buyer's right to conduct property investigations and related procedures

10. Completion: Process and requirements for completing the transfer of ownership

11. Tax and Costs: Allocation of responsibility for taxes, fees, and other transaction costs

12. Risk and Insurance: Transfer of risk and insurance requirements

13. Default and Termination: Consequences of breach and termination rights

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

15. Notices: Process for giving formal notices under the agreement

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments