Confidentiality Settlement Agreement Template for Indonesia

The Confidentiality Settlement Agreement is utilized when parties need to resolve a dispute while maintaining strict confidentiality about both the settlement terms and any underlying sensitive information. This document is particularly relevant in the Indonesian business context, where it must comply with local legal requirements including the Indonesian Civil Code and Law No. 30 of 2000 on Trade Secrets. It's commonly used in situations involving commercial disputes, employment separations, or business relationship terminations where confidential information has been shared. The agreement serves multiple purposes: it documents the settlement terms, provides for any necessary payments or actions, includes mutual releases, and establishes robust confidentiality obligations. The document should be carefully structured to ensure enforceability under Indonesian law while providing comprehensive protection for confidential information and settlement terms.

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

2. Background: Context of the dispute and reason for the settlement agreement

3. Definitions: Definitions of key terms, including 'Confidential Information', 'Dispute', 'Settlement Sum', and other relevant terms

4. Settlement Terms: Details of the settlement, including any payments, releases, and actions required by each party

5. Confidentiality Obligations: Detailed obligations regarding confidentiality of both the settlement terms and any underlying confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including legal requirements and professional advisors

7. Return or Destruction of Information: Requirements for handling confidential information after settlement

8. Non-Admission: Statement that the settlement does not constitute admission of liability by any party

9. Representations and Warranties: Basic warranties about authority to enter agreement and ownership of confidential information

10. Term and Survival: Duration of confidentiality obligations and which provisions survive termination

11. Governing Law and Jurisdiction: Specification of Indonesian law and choice of courts/dispute resolution

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