Confidentiality Agreement For Sale Of Business Template for Indonesia

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Key Requirements PROMPT example:

Confidentiality Agreement For Sale Of Business

"I need a Confidentiality Agreement For Sale Of Business for my Jakarta-based manufacturing company, which I'm planning to sell by March 2025; the agreement needs to specifically protect our proprietary manufacturing processes and customer relationships during the due diligence process."

Document background
The Confidentiality Agreement For Sale Of Business is essential when a business owner intends to sell their company and needs to share sensitive business information with potential buyers in Indonesia. This document is typically used at the early stages of a business sale transaction, before detailed due diligence begins. It ensures that all confidential information shared during the sale process, including financial data, trade secrets, customer lists, and operational details, remains protected under Indonesian law, particularly Law No. 30 of 2000 on Trade Secrets. The agreement becomes especially critical in Indonesia's business environment, where protection of proprietary information requires robust contractual safeguards and must align with local corporate and investment regulations, especially when foreign investors are involved.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the proposed business sale and purpose of the confidentiality agreement

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Purpose', 'Representatives', and 'Business'

4. Disclosure and Use of Confidential Information: Core obligations regarding the handling and use of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed to representatives and advisors

6. Protection and Security Measures: Specific measures required to protect confidential information

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

8. Duration of Obligations: Time period for which confidentiality obligations remain in force

9. Non-Solicitation: Restrictions on approaching employees, customers, or suppliers

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

12. General Provisions: Standard provisions including severability, amendments, and entire agreement

Optional Sections

1. Exclusivity Period: Used when the potential buyer requires exclusive negotiation rights for a specified period

2. Foreign Investment Provisions: Required when the potential buyer is a foreign entity, addressing compliance with Indonesian foreign investment laws

3. Data Protection Compliance: Additional provisions when personal data forms part of the confidential information

4. Anti-Money Laundering Provisions: Required when dealing with regulated industries or high-value transactions

5. Electronic Information Handling: Specific provisions for electronic data handling under Law No. 11 of 2008

6. Competition Law Compliance: Required when parties are competitors or transaction size triggers competition law considerations

Suggested Schedules

1. Schedule 1 - Defined Confidential Information: Detailed list of categories and types of confidential information covered

2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information

4. Schedule 4 - Excluded Information: Information specifically excluded from confidentiality obligations

5. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertaking to be signed by representatives

6. Appendix B - Data Room Rules: If applicable, rules and procedures for accessing virtual or physical data rooms

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

Manufacturing

Technology

Retail

Financial Services

Healthcare

Real Estate

Mining

Agriculture

Transportation

Hospitality

Energy

Telecommunications

Professional Services

Construction

Education

Relevant Teams

Legal

Corporate Development

Mergers & Acquisitions

Finance

Executive Leadership

Risk Management

Compliance

Business Development

Corporate Secretariat

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Corporate Development Director

Mergers & Acquisitions Director

General Counsel

Legal Director

Business Development Manager

Investment Manager

Due Diligence Manager

Corporate Secretary

Risk Management Officer

Compliance Officer

Finance Director

Managing Director

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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