Document background
The Business Purchase Agreement Contract is a crucial legal document used in Indonesian business transactions when one entity intends to acquire another business or its assets. It operates within the framework of Indonesian law, particularly the Civil Code (Kitab Undang-undang Hukum Perdata) and Law No. 40 of 2007 on Limited Liability Companies. This document is essential for both domestic and foreign investors, requiring careful consideration of Indonesia's investment regulations, including the Negative Investment List and foreign ownership restrictions. The agreement comprehensively covers all aspects of the transaction, from initial due diligence findings to post-completion obligations, and must be properly executed before a notary public to ensure legal validity in Indonesia. It's particularly important to note that specific sectors may require additional regulatory approvals or have ownership restrictions under Indonesian law.
