Full Release Of All Claims With Indemnity Template for Indonesia

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Key Requirements PROMPT example:

Full Release Of All Claims With Indemnity

"I need a Full Release of All Claims with Indemnity agreement to resolve an ongoing commercial dispute with our former supplier in Jakarta, including a settlement payment of IDR 500 million to be paid by March 2025, with specific provisions for confidentiality and non-disparagement."

Document background

The Full Release Of All Claims With Indemnity is a critical legal instrument used in Indonesian business and legal practice when parties seek to achieve a complete and final resolution of all existing and potential future disputes. This document type is particularly valuable in situations involving complex commercial relationships, employment separations, or settlement of significant disputes where parties need absolute certainty that no future claims will arise. Under Indonesian law, particularly the Civil Code (KUHPerdata), such releases must be carefully drafted to ensure enforceability and comprehensive coverage. The document combines two powerful legal concepts: a complete release of all claims and an indemnification provision, providing maximum protection for the released parties. It's commonly used in corporate restructuring, major commercial settlements, employment terminations, and risk management scenarios where finality and comprehensive protection are essential.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the dispute or claims being released, including relevant dates and events

3. Definitions: Definitions of key terms used throughout the agreement, including 'Claims', 'Released Parties', and 'Indemnified Matters'

4. Consideration: Details of the consideration being provided in exchange for the release and indemnity

5. Release Provisions: Comprehensive description of all claims being released, including present and future claims

6. Indemnification: Specific indemnification obligations, including scope and procedures

7. Representations and Warranties: Statements by the releasing party regarding authority, ownership of claims, and understanding of the agreement

8. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability by any party

9. Confidentiality: Obligations regarding confidentiality of the agreement and its terms

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Non-Disparagement: Mutual or unilateral obligations not to make negative statements about other parties, included when reputation protection is important

2. Return of Property: Provisions regarding return of documents or property, included when physical or intellectual property needs to be returned

3. Cooperation: Obligations to cooperate in related matters or proceedings, included when ongoing cooperation is needed

4. Tax Implications: Provisions addressing tax consequences, included when significant monetary consideration is involved

5. Insurance Rights: Preservation or waiver of insurance rights, included when insurance claims are relevant

6. Future Claims Carve-Out: Exceptions to the release for specific future claims, included when certain claims need to be preserved

7. Regulatory Compliance: Specific provisions for regulatory compliance, included when regulated industries are involved

Suggested Schedules

1. Schedule A - Released Claims: Detailed list of specific claims being released

2. Schedule B - Released Parties: Comprehensive list of all parties being released, including affiliated entities

3. Schedule C - Settlement Payment Details: Details of any settlement payments, including payment schedule and method

4. Schedule D - Existing Proceedings: List of any existing legal proceedings covered by the release

5. Appendix 1 - Form of Notice of Discontinuance: Template for discontinuing any existing legal proceedings

6. Appendix 2 - Required Regulatory Notices: Forms or notices required by relevant regulatory bodies

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

alex.den.21@genieai.co

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