Document background
The Framework Cooperation Agreement serves as a master agreement that outlines the fundamental terms and conditions governing the business relationship between parties operating in or with Indonesian entities. This document type is particularly relevant when parties anticipate multiple future collaborations but want to avoid negotiating basic terms repeatedly. It must comply with Indonesian law, particularly the Civil Code (KUHPerdata) and Law No. 24 of 2009 regarding language requirements. The agreement typically includes provisions for future specific agreements, confidentiality obligations, intellectual property rights, and dispute resolution mechanisms while remaining flexible enough to accommodate various types of cooperation activities. It's especially useful for long-term strategic partnerships, joint ventures, or ongoing business relationships where detailed terms will be determined in subsequent implementation agreements.
