Document background
The Partnership Sale Agreement is a crucial document used when transferring ownership interests in a partnership structure under Indonesian law. This agreement becomes necessary when existing partners wish to exit the partnership or new partners seek to acquire an interest in an established partnership. The document comprehensively addresses all aspects of the transaction, including valuation, payment terms, warranties, and regulatory compliance requirements. It must comply with Indonesian legal framework, particularly the Civil Code (KUHPerdata) and Commercial Code (KUHD), while also considering sector-specific regulations and foreign investment laws if applicable. The agreement typically includes detailed provisions for due diligence findings, representations and warranties, and post-completion obligations, making it essential for protecting all parties' interests during the ownership transition.
