Document background
The Full and Final Settlement Agreement is a crucial document used in Indonesian legal practice to conclude disputes and establish legally binding settlements between parties. It is typically employed when parties wish to resolve existing or potential disputes without (or by terminating) court proceedings. The agreement must comply with Indonesian law requirements, particularly the Civil Code (KUHPerdata) provisions regarding settlements (perdamaian). This document comprehensively addresses all aspects of the settlement, including payment terms, releases, confidentiality provisions, and execution requirements. It's particularly important in commercial disputes, employment terminations, insurance claims, and corporate conflicts where a definitive resolution is sought. The agreement's primary purpose is to prevent future claims regarding the same subject matter and provide certainty to all parties involved.
