Joint Holder Agreement Template for Indonesia

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Key Requirements PROMPT example:

Joint Holder Agreement

"I need a Joint Holder Agreement under Indonesian law for three technology companies jointly owning a data center in Jakarta, with specific provisions for operational cost sharing and technology upgrade decisions, planned to commence in March 2025."

Document background
The Joint Holder Agreement serves as a crucial legal framework for parties seeking to establish and manage joint ownership of assets in Indonesia. This document is essential when two or more parties wish to formalize their shared ownership rights, responsibilities, and operational procedures under Indonesian law. It addresses key aspects such as ownership percentages, management control, financial distributions, and transfer restrictions, while ensuring compliance with Indonesian Civil Code (KUHPerdata) and relevant investment regulations. The agreement is particularly important for both domestic and international investors engaging in joint asset ownership, requiring careful consideration of Indonesian legal requirements, foreign investment restrictions, and local business practices. The Joint Holder Agreement becomes especially relevant in scenarios involving shared property ownership, joint ventures, family asset management, or collective investment structures.
Suggested Sections

1. Parties: Identification of all joint holders entering into the agreement

2. Background: Context of the joint holding arrangement and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Joint Assets: Detailed description of the assets subject to joint holding

5. Ownership Structure: Specification of ownership percentages and nature of joint holding

6. Rights and Obligations: Core rights and obligations of joint holders

7. Management and Control: Procedures for decision-making and asset management

8. Financial Provisions: Cost sharing, profit distribution, and financial management

9. Transfer Restrictions: Limitations on transfer of ownership interests

10. Default and Remedies: Consequences of breach and available remedies

11. Term and Termination: Duration of agreement and termination procedures

12. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms

13. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

1. Pre-emptive Rights: Procedures for existing holders to purchase interests before third-party sales, relevant when transfers are permitted

2. Asset Management Committee: Structure and procedures for a formal management committee, useful for complex joint holdings

3. Foreign Investment Provisions: Special provisions required when foreign investors are involved

4. Tax Matters: Detailed tax arrangements and responsibilities, important for complex asset structures

5. Insurance: Insurance requirements and arrangements for joint assets

6. Environmental Compliance: Environmental obligations and compliance requirements, crucial for property or industrial assets

7. Force Majeure: Provisions for handling unforeseen circumstances affecting joint assets

Suggested Schedules

1. Schedule 1 - Asset Register: Detailed listing and description of all joint assets

2. Schedule 2 - Ownership Percentages: Detailed breakdown of ownership interests

3. Schedule 3 - Management Procedures: Detailed procedures for asset management and decision-making

4. Schedule 4 - Financial Procedures: Detailed procedures for financial management and distributions

5. Schedule 5 - Initial Contributions: Details of initial contributions made by each joint holder

6. Appendix A - Required Notices: Forms and templates for required notices under the agreement

7. Appendix B - Relevant Licenses and Permits: Copies of relevant licenses and permits for joint assets

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Mining

Agriculture

Manufacturing

Infrastructure

Energy

Financial Services

Technology

Retail

Hospitality

Industrial

Natural Resources

Construction

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Maritime

Relevant Teams

Legal

Finance

Corporate Affairs

Investment

Asset Management

Risk Management

Compliance

Business Development

Operations

Project Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Secretary

Investment Manager

Asset Manager

Property Manager

Business Development Director

Risk Manager

Compliance Officer

Joint Venture Manager

Operations Director

Partnership Manager

Project Director

Investment Analyst

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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