Payment Plan Settlement Agreement Template for Indonesia

1. Security Interest: Include when specific assets are pledged as collateral for the payment plan

2. Guarantor Provisions: Required when a third party is guaranteeing the payment obligations

3. Early Payment Provisions: Include when parties agree to specific terms for early payment or settlement discount

4. Insurance Requirements: Include when specific insurance must be maintained to secure the payment plan

5. Confidentiality: Include when parties wish to keep the settlement terms private

6. Force Majeure: Include when parties want to address extraordinary circumstances affecting payment ability

7. Tax Considerations: Include when there are specific tax implications that need to be addressed

8. Currency Exchange Provisions: Include when payments involve foreign currency considerations

1. Schedule A - Payment Schedule: Detailed table of payment dates, installment amounts, and running balance

2. Schedule B - Original Debt Documentation: Copies or details of original agreements or invoices creating the debt

3. Schedule C - Payment Processing Details: Specific bank account information and payment processing procedures

4. Schedule D - Security Documentation: Details of any collateral or security interests (if applicable)

5. Schedule E - Guarantor Documentation: Guarantor details and obligations (if applicable)

6. Appendix 1 - Calculation of Settlement Amount: Detailed breakdown of how the settlement amount was calculated

7. Appendix 2 - Default Notice Template: Standard form for notification of default or missed payments