Contract Settlement Agreement Template for Indonesia

1. Confidentiality: Terms requiring parties to keep the settlement and its terms confidential, used when privacy is important

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other, useful in high-profile or contentious cases

3. Tax Implications: Clarification of tax responsibilities for settlement payments, needed when significant sums are involved

4. Third Party Rights: Provisions affecting or excluding rights of third parties, used when settlement might impact other parties

5. Survival Clauses: Specification of which provisions survive termination, important for long-term obligations

6. Force Majeure: Provisions for unforeseen circumstances affecting settlement implementation, used for long-term settlement obligations

7. Amendment Procedure: Process for modifying the agreement, needed for complex settlements that might require future adjustments

1. Payment Schedule: Detailed breakdown of payment amounts, dates, and methods if installment payments are involved

2. Release Documentation: Forms or templates for formal release documents required under Indonesian law

3. Existing Claims Documentation: List of all claims, proceedings, or disputes being settled

4. Corporate Authorizations: Copies of corporate approvals or board resolutions authorizing the settlement

5. Court Documents: Copies of relevant court documents if the settlement relates to ongoing litigation

6. Settlement Assets: Inventory or description of any assets being transferred as part of settlement

7. Implementation Timeline: Detailed schedule of actions and deadlines for implementing the settlement terms