The Assignment Of Purchase And Sale Agreement is a crucial legal instrument used in Indonesian business transactions when a party wishes to transfer their rights and obligations under an existing purchase agreement to another party. This document is commonly utilized in various scenarios, such as corporate restructuring, asset portfolio management, or when a party needs to exit a transaction but wants to preserve the underlying deal. The agreement must conform to Indonesian civil law requirements and may need notarization depending on the nature of the underlying purchase agreement. It typically includes detailed provisions about the assignment's scope, parties' obligations, warranties about the original agreement's validity, and any necessary regulatory or third-party approvals. This document is particularly important in Indonesia's dynamic business environment, where property and asset transfers are common and require careful legal structuring to ensure enforceability.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the Assignor (original party), Assignee (new party), and may include the counterparty to the original agreement
2. Background: Describes the original Purchase and Sale Agreement and the intention to assign rights and obligations
3. Definitions: Defines key terms used in the agreement, including references to the original agreement and parties
4. Assignment: Core clause specifying the rights and obligations being transferred from Assignor to Assignee
5. Consideration: States the payment or other consideration for the assignment
6. Effective Date: Specifies when the assignment takes effect
7. Assignor's Representations and Warranties: Statements about the validity of the original agreement and Assignor's right to assign
8. Assignee's Covenants: Assignee's commitment to perform the assigned obligations
9. Further Assurance: Commitment to execute additional documents if needed to effect the assignment
10. Governing Law: Specifies Indonesian law as governing law
11. Dispute Resolution: Procedures for resolving any disputes arising from the assignment
12. Notices: Contact details and methods for formal communications
13. Execution: Signature blocks and execution requirements
1. Counterparty Consent: Required if the original agreement requires consent for assignment
2. Partial Assignment: Used when only certain rights or obligations are being assigned
3. Security Provisions: Required if the assignment is being made as security
4. Costs and Expenses: Allocation of costs related to the assignment, if significant
5. Confidentiality: If additional confidentiality obligations are needed beyond those in the original agreement
6. Tax Provisions: Required if there are specific tax implications or allocations
7. Registration Requirements: Required if the assignment needs to be registered with authorities
1. Schedule 1 - Original Purchase and Sale Agreement: Copy of the agreement being assigned
2. Schedule 2 - Specific Rights and Obligations: Detailed list of rights and obligations being assigned (especially important for partial assignments)
3. Schedule 3 - Consent Documentation: Any required consent forms or approvals from counterparties
4. Schedule 4 - Property Details: If the purchase agreement relates to property, details of the property involved
5. Schedule 5 - Payment Details: Details of any consideration and payment arrangements for the assignment
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Manufacturing
Retail
Commercial Property
Industrial
Agriculture
Mining
Energy
Infrastructure
Hospitality
Technology
Relevant Teams
Legal
Commercial
Finance
Compliance
Risk Management
Corporate Secretariat
Real Estate
Operations
Procurement
Business Development
Investment
Asset Management
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Property Manager
Commercial Director
Chief Financial Officer
Investment Manager
Asset Manager
Compliance Officer
Risk Manager
Corporate Secretary
Real Estate Manager
Procurement Manager
Operations Director
Find the exact document you need
Letter Of Intent Non Binding
A non-binding preliminary document under Indonesian law outlining parties' intentions for a potential business transaction or relationship.
find out more
Simple Agreement Of Sale (Real Estate)
A standardized real estate sale agreement compliant with Indonesian law, facilitating property transfers between buyers and sellers.
find out more
Sales Contract Addendum
An Indonesian law-compliant addendum to modify existing sales contract terms and conditions.
find out more
Homesite Lease
An Indonesian law-governed agreement establishing terms and conditions for residential property leasing, compliant with local property regulations and tenant protection laws.
find out more
Lease For House Rental
An Indonesian law-governed residential lease agreement establishing terms and conditions for house rental, compliant with the Indonesian Civil Code and housing regulations.
find out more
Real Estate Listing Contract
An Indonesian law-governed agreement between property owner and real estate agent establishing terms for property listing and sale/lease representation.
find out more
Purchase Price Agreement
An Indonesian law-governed agreement establishing price and payment terms for purchase of goods or services, compliant with local commercial regulations.
find out more
Vehicle Sale Contract
An Indonesian law-governed agreement for the sale and purchase of a vehicle, including transfer of ownership and registration requirements.
find out more
Simple Home Sale Contract
An Indonesian law-compliant contract for the sale and purchase of residential property, outlining terms, conditions, and obligations of both parties.
find out more
Sales Rep Contract
An Indonesian law-compliant contract establishing terms and conditions for sales representative engagement, including territory rights, commission structures, and performance requirements.
find out more
Simple Land Sale Agreement
An Indonesian law-compliant agreement for the sale and purchase of land, executed before a Land Deed Official (PPAT).
find out more
Land Sale Agreement Form
An Indonesian law-governed agreement for the sale and transfer of land ownership, compliant with local property regulations and registration requirements.
find out more
Conditional Sale And Purchase Agreement
An Indonesian law-governed agreement establishing terms for a conditional sale and purchase transaction, subject to specific conditions precedent.
find out more
Car Sale Purchase Agreement
An Indonesian law-compliant agreement for the sale and purchase of motor vehicles, establishing terms of transfer and ownership rights.
find out more
Agreement For Sale And Purchase With Plan
An Indonesian law-governed agreement for the purchase of property off-plan or under construction, detailing development specifications, payment terms, and completion requirements.
find out more
Sub Sale Agreement
An Indonesian law-governed agreement facilitating property transfer from an intermediate seller to an end buyer, detailing terms, conditions, and obligations of all parties involved.
find out more
Simple For Sale By Owner Contract
An Indonesian law-governed contract for direct property sales between private parties, covering essential elements of property transfer and sale requirements.
find out more
Motor Vehicle Purchase Contract
An Indonesian law-compliant contract for the sale and purchase of motor vehicles, covering vehicle specifications, payment terms, and ownership transfer requirements.
find out more
Buy Sell Agreement Form
An Indonesian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.
find out more
Assignment Of Purchase And Sale Agreement
An Indonesian law-governed agreement transferring rights and obligations under an existing Purchase and Sale Agreement from one party to another.
find out more
Simple Purchase And Sale Agreement
An Indonesian law-governed agreement template for straightforward purchase and sale transactions, suitable for various commercial goods and assets.
find out more
Buy Sale Agreement Form
An Indonesian law-compliant agreement document that formalizes the sale and purchase of goods or property between parties, structured according to Indonesian Civil Code requirements.
find out more
Boat Sales Agreement
An Indonesian law-governed agreement for the sale and purchase of marine vessels, detailing transaction terms and ensuring regulatory compliance.
find out more
Provisional Agreement For Sale And Purchase
An Indonesian law-governed preliminary agreement outlining key terms and conditions for a proposed sale and purchase transaction, pending final agreement.
find out more
Private Sale Vehicle Purchase Agreement
An Indonesian law-governed agreement for private vehicle sales, ensuring compliant transfer of ownership and protecting both parties' interests.
find out more
Pre Sale Contract
An Indonesian law-compliant agreement for the sale of property before completion, detailing terms, specifications, and payment arrangements.
find out more
Point Of Sale Contract
An Indonesian law-governed agreement establishing terms for point of sale services, payment processing, and related technical services between merchants and service providers.
find out more
Motor Vehicle Contract Of Sale
An Indonesian law-compliant agreement for the sale and purchase of motor vehicles, detailing transaction terms and ownership transfer requirements.
find out more
Loan Purchase And Sale Agreement
An Indonesian law-governed agreement for the transfer of loan assets between financial institutions, complying with local banking regulations and civil code requirements.
find out more
Initial Contract Of Sale
An Indonesian law-governed contract establishing terms and conditions for a first-time sale transaction between parties, compliant with the Indonesian Civil Code.
find out more
Sales Contract Form
An Indonesian law-governed sales contract template establishing terms and conditions for commercial sale of goods, compliant with local regulations and commercial practices.
find out more
Purchase And Sale Agreement Form
An Indonesian law-governed agreement documenting the terms and conditions for the sale and purchase of goods, assets, or property between parties.
find out more
Commercial Real Estate Purchase And Sale Agreement
An Indonesian law-governed agreement for the sale and purchase of commercial real estate, detailing property transfer terms and regulatory compliance requirements.
find out more
Bill Of Sale Agreement For Car
A legally binding agreement under Indonesian law documenting the sale and transfer of ownership of a vehicle between parties, including essential transaction details and compliance requirements.
find out more
Asset Purchase Agreement Form
An Indonesian law-compliant Asset Purchase Agreement Form for legally transferring assets between parties, incorporating local regulatory requirements.
find out more
As Is Real Estate Contract
An Indonesian law-compliant real estate purchase agreement for property sold in "as is" condition, incorporating mandatory local property transfer requirements.
find out more
Term Sheet For Sale Of Business
An Indonesian law-governed preliminary agreement outlining key terms and conditions for a business sale transaction, serving as a basis for detailed transaction documents.
find out more
Vessel Purchase Agreement
An Indonesian law-governed agreement for the sale and purchase of maritime vessels, covering transfer of ownership, payment terms, and regulatory compliance.
find out more
Retail Installment Agreement
An Indonesian law-governed agreement establishing terms for retail goods sold on installment basis, compliant with local consumer protection and financial regulations.
find out more
Preliminary Agreement For Sale And Purchase
An Indonesian law-governed preliminary contract establishing terms and conditions for a proposed property sale and purchase transaction.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)