Party Agreement Contract Template for Indonesia

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Key Requirements PROMPT example:

Party Agreement Contract

"I need a Party Agreement Contract for a manufacturing joint venture between our Indonesian company (PT Sentosa Manufacturing) and a Japanese corporation, starting March 2025, that includes detailed provisions for technology transfer and profit sharing while ensuring compliance with Indonesian foreign investment regulations."

Document background

The Party Agreement Contract is a fundamental legal instrument in Indonesian business and civil transactions, designed to formalize relationships between multiple parties under Indonesian law. This document type is essential when two or more parties need to establish clear, legally binding terms for their relationship, whether for business cooperation, service provision, or other mutual obligations. It must comply with the Indonesian Civil Code (KUHPer), particularly Articles 1313-1351 governing contract formation, and Law No. 24 of 2009 regarding language requirements. The document includes comprehensive provisions for rights, obligations, dispute resolution, and termination, making it suitable for various commercial and civil arrangements. It's particularly relevant in situations requiring formal documentation of agreements between multiple stakeholders while ensuring compliance with Indonesian legal requirements.

Suggested Sections

1. Parties: Identification and details of all parties to the agreement, including their legal status and authorized representatives

2. Background: Context and purpose of the agreement, including any relevant history or circumstances leading to the agreement

3. Definitions: Definitions of key terms used throughout the agreement to ensure consistent interpretation

4. Term and Commencement: Duration of the agreement and conditions for its commencement

5. Rights and Obligations: Detailed description of each party's rights and responsibilities under the agreement

6. Payment Terms: Financial arrangements, including payment amounts, schedules, and methods

7. Representations and Warranties: Statements of fact and promises made by each party regarding their capacity and authority

8. Confidentiality: Obligations regarding the protection and non-disclosure of confidential information

9. Default and Remedies: Events constituting default and available remedies for affected parties

10. Termination: Circumstances and procedures for ending the agreement

11. Governing Law: Specification of Indonesian law as governing law and jurisdiction

12. Notices: Methods and addresses for formal communications between parties

13. Execution: Signature blocks and execution requirements in compliance with Indonesian law

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances preventing performance, used when parties want specific protection against extraordinary events

2. Assignment: Rights and restrictions regarding transfer of rights or obligations, included when transfer possibilities need to be addressed

3. Intellectual Property: Protection and ownership of IP rights, included when IP is relevant to the agreement

4. Insurance: Insurance requirements and obligations, included when specific risks need to be covered

5. Dispute Resolution: Detailed procedures for resolving disputes, included when parties want specific resolution mechanisms beyond court proceedings

6. Compliance with Laws: Specific regulatory compliance obligations, included when the agreement involves regulated activities

7. Change Control: Procedures for making changes to the agreement or services, included in complex or long-term agreements

Suggested Schedules

1. Schedule 1 - Service Specifications: Detailed description of services or deliverables to be provided

2. Schedule 2 - Pricing and Payment Details: Detailed breakdown of pricing, payment schedules, and calculation methods

3. Schedule 3 - Key Personnel: List of key personnel from each party involved in the agreement

4. Schedule 4 - Performance Metrics: Specific performance indicators and measurement criteria

5. Appendix A - Required Forms: Standard forms or documents required for contract administration

6. Appendix B - Technical Requirements: Technical specifications or requirements relevant to the agreement

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

Relevant legal definitions

Clauses

Relevant Industries

Manufacturing

Real Estate

Technology

Consumer Goods

Financial Services

Energy

Infrastructure

Healthcare

Education

Retail

Agriculture

Mining

Transportation

Hospitality

Relevant Teams

Legal

Compliance

Corporate Secretariat

Business Development

Operations

Risk Management

Commercial

Executive Leadership

Project Management

Procurement

Finance

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Chief Legal Officer

Compliance Officer

Corporate Secretary

Managing Director

Chief Executive Officer

Operations Manager

Project Manager

Risk Manager

Commercial Director

Partnership Manager

General Manager

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Let's create your Party Agreement Contract

Authors

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