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Extrajudicial Agreement
"I need an Extrajudicial Agreement to resolve a supply chain dispute between my manufacturing company and our raw materials supplier in Jakarta, with settlement payments to be made in installments starting March 2025."
1. Parties: Identification and details of all parties involved in the agreement, including their legal capacity and authority to enter into the agreement
2. Background: Context of the dispute or situation leading to the extrajudicial agreement, including relevant history and current status
3. Definitions: Definitions of key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Settlement Terms: Detailed description of the settlement arrangement, including any payments, actions, or obligations agreed upon
5. Timeline and Implementation: Specific timeframes for the execution of settlement terms and implementation of agreed actions
6. Release and Waiver: Mutual release of claims and waiver of rights to pursue legal action related to the settled matters
7. Confidentiality: Provisions regarding the confidentiality of the agreement terms and any related information
8. Good Faith and Finality: Declaration of good faith execution and finality of the settlement
9. Governing Law: Specification of Indonesian law as the governing law and relevant jurisdictional matters
10. Execution: Signature requirements and execution formalities under Indonesian law
1. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability or wrongdoing by any party - used when specifically requested by one or more parties
2. Future Cooperation: Terms for ongoing relationship between parties - included when parties will continue to have business or other relationships
3. Tax Implications: Address tax consequences of the settlement - included when settlement involves significant financial transactions
4. Third Party Rights: Provisions regarding rights of third parties affected by the agreement - included when settlement impacts other parties
5. Insurance and Indemnification: Provisions regarding insurance coverage and indemnification - included when relevant to the settlement terms
6. Publicity and Announcements: Rules for public statements about the settlement - included in high-profile cases or when requested by parties
1. Schedule A - Payment Terms: Detailed breakdown of any financial settlements, including payment schedules and methods
2. Schedule B - Action Items: Specific list of actions to be taken by each party with deadlines
3. Schedule C - Released Claims: Comprehensive list of claims being settled and released
4. Schedule D - Required Documents: List of documents to be exchanged or executed as part of the settlement
5. Appendix 1 - Supporting Documents: Copies of relevant background documents referenced in the agreement
6. Appendix 2 - Form of Release: Template for any additional release documents required under the agreement
Authors
Effective Date
Settlement Amount
Settlement Date
Dispute
Claim
Released Claims
Released Parties
Releasing Parties
Confidential Information
Business Day
Governing Law
Implementation Period
Parties
Representatives
Settlement Terms
Supporting Documents
Force Majeure
Material Breach
Related Entities
Settlement Payment
Completion Date
Dispute Matter
Legal Proceedings
Release
Mediator
Implementation Plan
Obligations
Performance Milestones
Default Event
Definitions and Interpretation
Settlement Terms
Payment Terms
Release and Discharge
Confidentiality
Non-Admission of Liability
Representations and Warranties
Implementation and Performance
Good Faith
Governing Law
Dispute Resolution
Force Majeure
Severability
Amendment and Modification
Entire Agreement
Notices
Assignment
Waiver
Costs and Expenses
Third Party Rights
Further Assurance
Counterparts
Time of Essence
Termination
Indemnification
Compliance with Laws
Authority and Capacity
Publicity and Announcements
Legal Services
Financial Services
Manufacturing
Real Estate
Construction
Mining and Resources
Technology
Retail
Healthcare
Education
Transportation and Logistics
Professional Services
Legal
Compliance
Executive Management
Risk Management
Human Resources
Corporate Affairs
Administrative
Operations
Finance
Business Development
Legal Counsel
Corporate Secretary
Chief Legal Officer
Compliance Officer
Risk Manager
Chief Executive Officer
Chief Financial Officer
Business Development Manager
Human Resources Director
Operations Manager
Contract Manager
Dispute Resolution Specialist
Company Director
General Manager
Legal Administrative Officer
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