Formal Partnership Agreement Template for Indonesia

1. Non-Competition and Non-Solicitation: Restricts partners from competing with the partnership or soliciting employees/clients - include when partners have other business interests

2. Intellectual Property Rights: Addresses ownership and usage of IP - include when the partnership involves significant IP assets

3. Foreign Investment Provisions: Special provisions complying with Indonesian foreign investment laws - include when foreign partners are involved

4. Employee Management: Procedures for hiring, managing, and terminating employees - include for larger partnerships with employees

5. Insurance: Requirements for business insurance coverage - include when specific insurance needs exist

6. Environmental Compliance: Environmental protection obligations - include for partnerships in industries with environmental impact

7. Regulatory Compliance: Industry-specific regulatory requirements - include for heavily regulated industries

8. Force Majeure: Provisions for handling unforeseen circumstances - include when business is susceptible to external disruptions

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule 2: Profit Sharing Ratios: Detailed calculations and conditions for profit/loss distribution

3. Schedule 3: Management Structure: Organizational chart and detailed management responsibilities

4. Schedule 4: Business Plan: Initial business plan and strategic objectives

5. Schedule 5: Partner Information: Detailed information about each partner, including KYC documentation

6. Schedule 6: Partnership Assets: Inventory of initial partnership assets and their agreed values

7. Schedule 7: Required Licenses and Permits: List of necessary business licenses and regulatory permits

8. Appendix A: Power of Attorney: Standard format for partnership-related powers of attorney

9. Appendix B: Compliance Procedures: Detailed compliance procedures and checklists