Document background
The Confirmatory Assignment Agreement is a crucial legal instrument used in Indonesian business practice when parties need to formally document and confirm a previous transfer of rights that may have been informal, unclear, or inadequately documented. This document type is particularly important in situations where the original assignment may have been verbal, documented incompletely, or where additional certainty is required for legal or commercial reasons. It is commonly used in corporate restructuring, employment situations involving intellectual property, or when preparing for due diligence exercises. The agreement must comply with Indonesian legal requirements, including those under the Civil Code (KUHPerdata) and relevant intellectual property laws. It typically includes comprehensive details about the original transfer, the rights being confirmed as assigned, and any additional terms necessary to ensure the assignment's effectiveness. The document is especially valuable when dealing with registered intellectual property rights that require formal documentation for recording with Indonesian authorities.
