All Countries
Real Estate
Assignment And Assumption Of Contract

Assignment And Assumption Of Contract Template for Indonesia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment And Assumption Of Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment And Assumption Of Contract

"I need an Assignment and Assumption of Contract under Indonesian law to transfer our manufacturing facility maintenance contract from PT Global Industries to PT Supreme Manufacturing, with the assignment to take effect from March 1, 2025, and the original contract counterparty is PT Facility Services."

Celebrated by
Collaborations with
Investors
Document background
The Assignment And Assumption Of Contract is a crucial document used in Indonesian business transactions when one party needs to transfer its contractual rights and obligations to another party. This commonly occurs during corporate restructuring, mergers and acquisitions, asset sales, or business succession planning. The document must comply with Indonesian Civil Code (KUHPer) requirements, particularly regarding the valid transfer of rights and obligations, and must be drafted in the Indonesian language as per Law No. 24 of 2009. It typically includes detailed provisions about the original contract, the scope of rights and obligations being transferred, any consideration paid, and necessary consents from the original contract counterparty. The document serves as evidence of the transfer and establishes the legal framework for the Assignee to step into the Assignor's position in the original contract relationship.
Suggested Sections

1. Parties: Identification of the Assignor, Assignee, and the Original Contract Counterparty

2. Background: Context of the original contract and the reason for assignment

3. Definitions: Definitions of key terms including 'Original Contract', 'Effective Date', 'Assignment', and other relevant terms

4. Assignment and Assumption: Core provision detailing the transfer of rights and obligations from Assignor to Assignee

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

6. Effective Date: Specification of when the assignment becomes effective

7. Representations and Warranties: Standard representations from both Assignor and Assignee regarding authority, capacity, and validity

8. Consent and Acknowledgment: Original Contract Counterparty's consent to and acknowledgment of the assignment

9. Further Assurances: Commitment to execute additional documents if needed to effect the assignment

10. Governing Law: Specification of Indonesian law as governing law

11. Language: Language provisions complying with Law No. 24 of 2009 requiring Indonesian language version

Optional Sections

1. Conditions Precedent: Include when assignment is subject to specific conditions being met before becoming effective

2. Partial Assignment: Include when only certain rights/obligations are being assigned rather than the entire contract

3. Security Arrangements: Include when existing security needs to be transferred or new security is being provided

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

5. Confidentiality: Include when sensitive information is involved in the assignment

6. Dispute Resolution: Include when specific dispute resolution mechanisms different from the original contract are needed

Suggested Schedules

1. Schedule 1 - Original Contract: Copy or summary of the contract being assigned

2. Schedule 2 - Specific Rights and Obligations: Detailed list of rights and obligations being transferred (especially important for partial assignments)

3. Schedule 3 - Related Agreements: List of any ancillary agreements affected by the assignment

4. Schedule 4 - Required Consents: List of third-party consents obtained or required for the assignment

5. Schedule 5 - Assignment Consideration: Details of payment terms and calculation if applicable

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Real Estate and Property

Manufacturing

Energy and Resources

Infrastructure

Telecommunications

Construction

Retail and Consumer Goods

Technology

Healthcare

Transportation and Logistics

Agriculture

Mining

Education

Relevant Teams

Legal

Compliance

Corporate Secretarial

Risk Management

Finance

Operations

Commercial

Business Development

Mergers & Acquisitions

Project Management

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Corporate Secretary

Chief Legal Officer

Business Development Manager

Project Manager

Compliance Officer

Risk Manager

Commercial Director

Chief Financial Officer

Operations Manager

General Manager

Managing Director

Company Director

Transaction Manager

Industries
Indonesian Civil Code (KUHPer) - Book III, Chapter I: General provisions on contracts and obligations, including requirements for valid contracts (Article 1320) covering: agreement between parties, capacity to contract, specific subject matter, and lawful cause
Indonesian Civil Code (KUHPer) - Book III, Chapter III: Provisions specifically governing the assignment of rights (cessie) and delegation of duties, including Articles 613-624 which regulate the requirements and procedures for valid assignments
Indonesian Civil Code (KUHPer) - Article 1338: Establishes the principle of freedom of contract and requires contracts to be performed in good faith
Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution: Relevant for including dispute resolution mechanisms in the assignment agreement, particularly if the original contract contains arbitration provisions
Law No. 24 of 2009 on National Flag, Language, Emblem and Anthem: Article 31 requires contracts involving Indonesian parties to be drafted in the Indonesian language (Bahasa Indonesia), with possible bilingual versions
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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Equipment Assignment Form

An Indonesian law-compliant document that formalizes the assignment of company equipment to employees, outlining usage terms and responsibilities.

find out more

Real Estate Assignment Contract

An Indonesian law-governed agreement for transferring real estate rights between parties, including necessary provisions for property registration and transfer.

find out more

Assignment Of Rights And Obligations Under A Contract

An Indonesian law-governed agreement for transferring contractual rights and obligations from one party to another, complying with the Indonesian Civil Code and relevant regulations.

find out more

Assignment Letter Contract

An Indonesian-law governed document formalizing an employee's reassignment to a new role or location, specifying terms and conditions in compliance with local labor laws.

find out more

Assignment And Agreement Form (Insurance)

An Indonesian law-compliant document that formalizes the transfer of insurance policy rights and benefits from one party to another, meeting OJK regulatory requirements.

find out more

Assignment Of Purchase And Sale Agreement Form

An Indonesian law-governed document that transfers rights and obligations under an existing Purchase and Sale Agreement from an original buyer to a new buyer.

find out more

Assignment Of License Agreement

An Indonesian law-governed agreement transferring license rights from one party to another, ensuring compliance with local IP regulations and registration requirements.

find out more

Assignment Of Intellectual Property Rights

An Indonesian law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local IP regulations and registration requirements.

find out more

Invention Assignment Agreement

An Indonesian law-governed agreement for transferring invention rights from inventors to their employers, ensuring compliance with local patent and IP regulations.

find out more

Debt Assumption Agreement

An Indonesian law-governed agreement facilitating the transfer of debt obligations from an Original Debtor to an Assuming Party, with Creditor consent.

find out more

Assignment Of Security Agreement

A legal document under Indonesian law that transfers security interests from one party to another, including associated rights and obligations.

find out more

Assignment Of Debt Agreement

An Indonesian law-governed agreement for the transfer of debt rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.

find out more

Assignment And Assumption Of Contract

An Indonesian law-governed agreement transferring contractual rights and obligations from an Assignor to an Assignee, complying with the Indonesian Civil Code requirements.

find out more

Assignment Of Lease To New Owner

An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new owner, including necessary consents and regulatory requirements.

find out more

Assignment Assumption And Amendment Agreement

An Indonesian law-governed agreement that combines the assignment of contractual rights and obligations, their assumption by a new party, and amendments to the original agreement terms.

find out more

Assignment Of Lease By Landlord

An Indonesian law-governed document transferring a landlord's lease rights and obligations to a new landlord, ensuring compliance with local property regulations and registration requirements.

find out more

Assignment Of Lease From Seller To Buyer

An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent and necessary legal provisions.

find out more

Assignment Of Receivables Agreement

An Indonesian law-governed agreement for the transfer of receivables from an Assignor to an Assignee, including all necessary provisions for a valid and enforceable assignment under Indonesian law.

find out more

Assignment Employment Contract

An Indonesian law-compliant employment contract for temporary or project-based assignments, establishing terms and conditions for fixed-term employment relationships.

find out more

Assignment Of Purchase Agreement

An Indonesian law-governed agreement transferring rights and obligations under a purchase agreement from an original buyer to a new buyer.

find out more

Assignment Of Inventions Agreement

An Indonesian law-governed agreement for transferring invention rights from inventors to assignees, ensuring compliance with local patent and IP regulations.

find out more

Assignment And Novation Agreement

An Indonesian law-governed agreement that transfers contractual rights and obligations from one party to another, with counterparty consent.

find out more

Debt Transfer Agreement

An Indonesian law-governed agreement facilitating the transfer of debt obligations from one creditor to another, ensuring legal compliance and protection for all parties.

find out more

Transfer Of Copyright Agreement

An Indonesian law-governed agreement for transferring copyright ownership, compliant with Law No. 28 of 2014 on Copyright.

find out more

Assignment Of Claim Agreement

An Indonesian law-governed agreement for transferring rights to a claim from one party to another, ensuring compliance with local regulatory requirements and proper documentation of the assignment.

find out more

Assignment And Transfer Agreement

An Indonesian law-governed agreement facilitating the formal transfer of rights, obligations, or assets between parties, drafted in compliance with local legal requirements.

find out more

Assignment Of Proceeds Agreement

An Indonesian law-governed agreement for the assignment of payment rights or proceeds from one party to another, incorporating local legal requirements and enforcement mechanisms.

find out more

Assignment And Assumption Agreement

An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an assignor to an assignee, with comprehensive terms ensuring legal compliance.

find out more

Accounts Receivable Assignment Agreement

An Indonesian law-governed agreement for the transfer of accounts receivable from one party to another, including payment terms and compliance requirements.

find out more

Lease Assignment Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.

find out more

Copyright Transfer Agreement

An agreement for transferring copyright ownership between parties under Indonesian law, compliant with Law No. 28 of 2014 on Copyright.

find out more

Assumption Agreement

An Indonesian law-governed agreement transferring contractual obligations from one party to another, with the counterparty's consent.

find out more

Assignment Contract (Real Estate)

An Indonesian law-governed contract facilitating the transfer of real estate property rights from an Assignor to an Assignee, compliant with local property regulations and registration requirements.

find out more

Receivables Transfer Agreement

An agreement governing the transfer of receivables between parties under Indonesian law, including transfer terms, pricing, and compliance requirements.

find out more

Loan Assignment Agreement

An agreement governed by Indonesian law that transfers loan rights and obligations from one lender to another, complying with local cessie regulations and OJK requirements.

find out more

Lease Transfer Agreement

An Indonesian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Lease Assumption Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Lease Assignment And Assumption Agreement

An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.

find out more

Debt Novation Agreement

An Indonesian law-governed agreement that replaces an existing debt obligation with a new one, complying with the Indonesian Civil Code provisions on novation.

find out more

Contract Assignment Agreement

An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.

find out more

Confirmatory Assignment Agreement

An Indonesian law-governed agreement that formally confirms a previous transfer of rights between parties, typically used for intellectual property assignments.

find out more

Commercial Lease Assignment

An Indonesian law-governed agreement transferring commercial lease rights from an existing tenant to a new tenant, including landlord consent and transfer terms.

find out more

Car Assignment Agreement

A legal agreement for transferring vehicle ownership rights under Indonesian law, including registration transfer requirements and ownership responsibilities.

find out more

Assignor And Assignee Agreement

An Indonesian law-governed agreement facilitating the transfer of rights, obligations, or property from an Assignor to an Assignee.

find out more

Assignment Of Shares Agreement

An Indonesian law-governed agreement facilitating the transfer of shares between parties in an Indonesian company, ensuring compliance with local corporate regulations.

find out more

Wholesale Assignment Contract

An Indonesian law-governed contract for assigning wholesale trading rights and assets between business entities.

find out more

Assignment Of Rights Agreement

An Indonesian law-governed agreement facilitating the formal transfer of rights from an Assignor to an Assignee, compliant with Indonesian Civil Code requirements.

find out more

Transfer Of Lease Agreement To New Landlord

An Indonesian law-compliant agreement transferring landlord rights and obligations under an existing lease to a new landlord following property transfer.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’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; Genie’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.