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Deed Of Sale Corporation

Deed Of Sale Corporation Template for Indonesia

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Key Requirements PROMPT example:

Deed Of Sale Corporation

"I need a Deed of Sale Corporation for the sale of my Jakarta-based technology manufacturing company to a Singapore investor, with specific provisions for intellectual property rights transfer and employee retention agreements, planned for completion by March 2025."

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Document background
The Deed of Sale Corporation is a crucial legal instrument in Indonesian corporate transactions, essential for documenting and executing the sale of a corporate entity. This document is required when transferring ownership of an Indonesian company from one party to another, whether in full or partial sale scenarios. It must comply with Indonesian corporate law, particularly Law No. 40 of 2007, and requires execution before an authorized Indonesian notary public. The deed encompasses all aspects of the sale, including detailed descriptions of the corporation's assets, liabilities, shareholding structure, and operational elements. It's particularly important in ensuring legal compliance, protecting both parties' interests, and facilitating smooth ownership transition while meeting all regulatory requirements for corporate ownership changes in Indonesia.
Suggested Sections

1. Parties: Identification of the seller and buyer corporations, including their complete legal names, registration numbers, addresses, and authorized representatives

2. Background: Context of the transaction, including brief history of the corporation being sold and purpose of the sale

3. Definitions: Definitions of key terms used throughout the deed

4. Object of Sale: Detailed description of the corporation being sold, including its assets, liabilities, and shareholding structure

5. Purchase Price: Agreed purchase price, payment terms, and payment mechanism

6. Representations and Warranties: Seller's and buyer's representations regarding their authority, corporate status, and condition of the business

7. Closing Conditions: Conditions that must be satisfied before the sale can be completed

8. Transfer Process: Steps and procedures for transferring ownership, including regulatory approvals and registration requirements

9. Handover Process: Process for transferring control, documents, and assets of the corporation

10. Governing Law: Specification of Indonesian law as the governing law

11. Dispute Resolution: Procedures for resolving any disputes arising from the deed

12. Execution: Formal execution clause and notarial requirements

Optional Sections

1. Employee Matters: Provisions regarding the handling of employees and employment contracts, used when the sale affects employment relationships

2. Intellectual Property: Special provisions for handling intellectual property rights, used when the corporation owns significant IP assets

3. Environmental Matters: Specific provisions regarding environmental liabilities and compliance, used for corporations with environmental impacts

4. Tax Indemnity: Special tax-related warranties and indemnities, used when there are significant tax considerations

5. Non-Competition: Restrictions on seller's future business activities, used when protecting the corporation's market position is crucial

6. Transition Services: Provisions for post-sale support services by the seller, used when operational continuity needs to be maintained

Suggested Schedules

1. Corporate Information Schedule: Detailed information about the corporation including shareholders, directors, and corporate structure

2. Asset Schedule: Comprehensive list of all corporate assets included in the sale

3. Financial Statements: Recent financial statements and accounts of the corporation

4. Permits and Licenses: List of all business permits, licenses, and regulatory approvals

5. Material Contracts: List and copies of all material contracts and agreements

6. Property Schedule: Details of any real property owned or leased by the corporation

7. Employee Schedule: List of employees and their employment terms (if relevant)

8. Intellectual Property Schedule: Details of all IP rights owned or licensed by the corporation

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Clauses
Identification of Parties
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Completion Requirements
Transfer of Shares
Representations and Warranties
Seller Warranties
Buyer Warranties
Due Diligence
Pre-Completion Obligations
Post-Completion Obligations
Company Management
Employee Matters
Asset Transfer
Intellectual Property
Confidentiality
Non-Competition
Tax Matters
Indemnification
Force Majeure
Regulatory Compliance
Corporate Approvals
Notarial Requirements
Government Registrations
Announcements
Costs and Expenses
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Counterparts
Time of Essence
Further Assurance
Survival
Termination
Relevant Industries

Manufacturing

Technology

Retail

Real Estate

Financial Services

Healthcare

Energy

Mining

Agriculture

Transportation

Hospitality

Construction

Professional Services

Education

Media and Entertainment

Relevant Teams

Legal

Corporate Affairs

Finance

Compliance

Risk Management

Executive Leadership

Mergers & Acquisitions

Due Diligence

Corporate Governance

Business Development

Treasury

Shareholder Relations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Corporate Lawyer

Legal Counsel

Managing Director

Business Development Director

Corporate Secretary

Finance Director

Compliance Officer

Risk Manager

Investment Manager

Board Member

Shareholder Relations Manager

Mergers & Acquisitions Director

Due Diligence Officer

Industries
Law No. 40 of 2007: Indonesian Company Law (Undang-Undang Perseroan Terbatas) - Primary legislation governing companies, corporate actions, and changes in corporate ownership
Law No. 30 of 2004: Law on Notary Position (Undang-Undang Jabatan Notaris) - Regulates the formal requirements for deeds and notarial acts in Indonesia
Law No. 25 of 2007: Investment Law (Undang-Undang Penanaman Modal) - Regulates both domestic and foreign investment in Indonesian companies
Law No. 5 of 1999: Anti-Monopoly and Unfair Business Competition Law - Ensures the transaction doesn't violate competition regulations
Government Regulation No. 27 of 1998: Regulation on Merger, Consolidation and Acquisition of Companies - Specific rules governing corporate sales and acquisitions
Law No. 36 of 2008: Income Tax Law - Governs taxation aspects of corporate sales and transfers
Government Regulation No. 24 of 2018: Online Single Submission (OSS) System - Regulates business licensing and corporate registration changes
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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