Deposit Contract Template for Indonesia

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Key Requirements PROMPT example:

Deposit Contract

"I need a Deposit Contract for my jewelry store to store high-value items with SecureVault Indonesia Ltd., with specific provisions for insurance coverage of items valued up to $500,000 and quarterly inventory checks."

Document background
The Deposit Contract (Perjanjian Penitipan) is a crucial legal instrument in Indonesian business practice, governed by the Indonesian Civil Code (KUHPer) Articles 1694-1739. This document is essential when one party (depositor) needs to entrust assets, valuables, documents, or funds to another party (depositee) for safekeeping. It is commonly used by banks, storage facilities, and other custodial services providers. The agreement becomes particularly important in commercial transactions requiring secure storage of valuable assets or when businesses need professional safekeeping services. The document must comply with Indonesian banking regulations, financial services laws, and consumer protection requirements, especially when the depositee is a regulated financial institution. It serves to protect both parties' interests by clearly defining responsibilities, liability limitations, and operational procedures for the safekeeping arrangement.
Suggested Sections

1. Parties: Identification of the depositor and depositee with complete legal names and addresses

2. Background: Context of the deposit arrangement and relationship between the parties

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

4. Subject of Deposit: Detailed description of the items or funds being deposited

5. Term of Deposit: Duration of the deposit agreement, including start date and end date if applicable

6. Rights and Obligations of the Depositor: Complete list of depositor's rights and responsibilities

7. Rights and Obligations of the Depositee: Complete list of depositee's rights and responsibilities regarding safekeeping

8. Storage and Security Requirements: Specific requirements for storing and securing the deposited items

9. Fees and Charges: Details of any fees payable for the deposit service

10. Interest (if applicable): Terms regarding interest calculation and payment for monetary deposits

11. Return of Deposit: Conditions and procedures for returning the deposited items

12. Liability and Insurance: Scope of liability and required insurance coverage

13. Termination: Conditions and procedures for early termination

14. Governing Law: Specification of Indonesian law as governing law

15. Dispute Resolution: Procedures for resolving disputes under Indonesian jurisdiction

Optional Sections

1. Multiple Depositors: Required when there are multiple parties making the deposit, defining their rights and relationships

2. Special Handling Requirements: Needed for deposits requiring specific storage conditions or handling procedures

3. Force Majeure: Provisions for unforeseen circumstances affecting the deposit

4. Confidentiality: Required when the nature of deposited items involves sensitive information

5. Assignment: Needed if transfer of rights under the agreement might be permitted

6. Electronic Communications: Required when parties agree to use electronic means for notifications

7. Representatives and Agents: Needed when third parties are authorized to act on behalf of the depositor

Suggested Schedules

1. Schedule A - Description of Deposited Items: Detailed inventory and description of all items being deposited

2. Schedule B - Fee Schedule: Breakdown of all applicable fees and charges

3. Schedule C - Storage Specifications: Technical specifications for storage conditions and security measures

4. Schedule D - Authorized Personnel: List of persons authorized to access or handle the deposit

5. Appendix 1 - Insurance Certificates: Copies of relevant insurance policies

6. Appendix 2 - Handling Procedures: Detailed procedures for handling specific types of deposited items

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

Relevant legal definitions
Clauses
Relevant Industries

Banking & Financial Services

Logistics & Warehousing

Security Services

Legal Services

Insurance

Precious Metals & Jewelry

Real Estate

Manufacturing

Retail

Asset Management

Relevant Teams

Legal

Compliance

Risk Management

Operations

Facility Management

Security

Treasury

Customer Relations

Contract Administration

Finance

Asset Management

Quality Control

Relevant Roles

Legal Counsel

Compliance Officer

Risk Manager

Operations Manager

Facility Manager

Security Manager

Treasury Manager

Branch Manager

Relationship Manager

Custody Services Manager

Contract Administrator

Chief Financial Officer

Asset Manager

Storage Facility Supervisor

Quality Control Manager

Industries
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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