Co Owner Business Contract Template for Indonesia

1. Non-Compete and Confidentiality: Restrictions on competing businesses and handling of confidential information, used when protecting intellectual property or market position is crucial

2. Intellectual Property Rights: Ownership and usage of intellectual property, included when the business involves significant IP assets

3. Employment of Co-Owners: Terms of employment if co-owners work in the business, used when owners take active operational roles

4. Insurance Requirements: Mandatory insurance coverage, included when business activities require specific insurance protection

5. External Financing: Procedures for obtaining and managing external funding, included when business plan involves external financing

6. Tag-Along and Drag-Along Rights: Rights in case of sale to third parties, included for businesses with potential future sale prospects

1. Schedule A - Capital Contributions: Detailed breakdown of initial and committed capital contributions from each owner

2. Schedule B - Business Plan: Initial business plan and strategic objectives

3. Schedule C - Asset Register: List of business assets and their ownership status

4. Schedule D - Management Structure: Detailed organizational structure and management responsibilities

5. Appendix 1 - Voting Procedures: Detailed procedures for management decisions and voting

6. Appendix 2 - Valuation Method: Agreed method for valuing business shares