Business Separation Agreement Template for Indonesia

1. Intellectual Property Rights: Detailed allocation of IP rights when significant IP assets are involved

2. Employee Matters: Provisions for employee transfers and related obligations when employees are being transferred between entities

3. Ongoing Cooperation: Terms for continued cooperation when parties need to maintain certain business relationships

4. Shared Services Agreement: Terms for continuing shared services during transition when necessary

5. Insurance and Indemnification: Specific insurance requirements and indemnification terms for high-risk separations

6. Environmental Matters: Environmental liability allocation when relevant to the business operations

7. Government Approvals: Process for obtaining necessary government approvals when required by industry regulations

8. Parent Company Guarantees: Guarantees from parent companies when dealing with subsidiaries

1. Schedule A - Asset List: Comprehensive list of assets being divided between parties

2. Schedule B - Liability List: Detailed list of liabilities and their allocation

3. Schedule C - Intellectual Property Register: Register of all IP rights and their assignment

4. Schedule D - Employee Transfer List: List of employees to be transferred and their terms

5. Schedule E - Contracts and Assignments: List of contracts to be assigned or terminated

6. Schedule F - Transition Timeline: Detailed timeline for separation activities and milestones

7. Schedule G - Financial Statements: Relevant financial statements and adjustments

8. Appendix 1 - Separation Procedures: Detailed procedures for implementing the separation

9. Appendix 2 - Form of Notices: Templates for required notices and communications