Document background
The Contractual Joint Venture Agreement is a crucial document used in Indonesia when two or more parties wish to collaborate on a business venture without creating a separate legal entity. This type of agreement is particularly relevant under Indonesian law where foreign investment restrictions may apply or where parties prefer a more flexible arrangement than incorporating a company. The document must comply with Indonesian Investment Law, including any foreign ownership restrictions and mandatory language requirements. It typically includes detailed provisions on profit sharing, management control, intellectual property rights, and dispute resolution mechanisms. The agreement is especially useful for project-specific collaborations, technology partnerships, or ventures where parties want to maintain separate legal identities while working together under a contractual framework.
