Broker NDA Template for Indonesia

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Key Requirements PROMPT example:

Broker NDA

"I need a Broker NDA under Indonesian law for our Jakarta-based real estate company to engage with international property brokers starting January 2025, with specific provisions for handling digital property portfolios and cross-border information sharing."

Document background
This Broker NDA is essential when engaging intermediaries or brokers who require access to sensitive business information to perform their services in Indonesia. The document should be used when a company needs to share confidential information with brokers for purposes such as deal facilitation, market analysis, or transaction intermediation. The Broker NDA incorporates specific provisions required under Indonesian law, including compliance with the Indonesian Civil Code, Law No. 30 of 2000 on Trade Secrets, and Law No. 7 of 2014 on Trade. It is particularly crucial in protecting proprietary information, pricing structures, client data, and business strategies while enabling brokers to effectively perform their duties. The agreement balances the need for information sharing with robust confidentiality protections and clear delineation of permitted uses.
Suggested Sections

1. Parties: Identification of the principal company and the broker, including complete legal names, registration numbers, and addresses

2. Background: Context of the brokerage relationship and need for confidentiality protection

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Authorized Representatives', 'Brokerage Services'

4. Scope of Brokerage Services: Clear definition of the broker's role, responsibilities, and authorized activities

5. Confidentiality Obligations: Core confidentiality duties, including use restrictions, security measures, and non-disclosure requirements

6. Permitted Disclosures: Circumstances under which confidential information may be shared and the process for such sharing

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Term and Termination: Duration of the agreement and circumstances for termination

9. Breach and Remedies: Consequences of breach and available legal remedies

10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Electronic Information Systems: Specific provisions for handling digital confidential information, required if electronic systems are used extensively

2. International Transfer of Information: Additional provisions required if confidential information will be transferred across borders

3. Broker Commission Structure: Details of compensation arrangements, if not covered in a separate agreement

4. Intellectual Property Rights: Specific provisions regarding IP ownership and licenses, if relevant to the brokerage relationship

5. Insurance Requirements: Specific insurance obligations for the broker, if required by the nature of services

6. Data Protection Compliance: Specific provisions addressing compliance with Indonesian data protection laws, if personal data is involved

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed categorization and description of protected confidential information

2. Schedule 2 - Permitted Purpose: Detailed description of the authorized uses of confidential information

3. Schedule 3 - Authorized Representatives: List of individuals authorized to access confidential information

4. Schedule 4 - Security Protocols: Specific security measures and protocols for handling confidential information

5. Schedule 5 - Broker Services Scope: Detailed description of brokerage services and activities

6. Appendix A - Standard Non-Disclosure Undertaking: Template undertaking for authorized representatives or third parties

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

Relevant Industries

Real Estate

Financial Services

Insurance

Commodities Trading

Import/Export

Manufacturing

Technology

Energy

Agriculture

Maritime

Mining

Construction

Healthcare

Telecommunications

Relevant Teams

Legal

Compliance

Business Development

Operations

Risk Management

Commercial

Finance

Sales

Strategic Partnerships

Corporate Security

Information Security

Procurement

Relevant Roles

Chief Executive Officer

Business Development Manager

Legal Counsel

Compliance Officer

Risk Manager

Broker Relations Manager

Commercial Director

Chief Financial Officer

Operations Manager

Contract Manager

Business Broker

Deal Manager

Strategic Partnerships Director

Sales Director

Chief Legal Officer

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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