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Service Bond Agreement
"I need a Service Bond Agreement for our Jakarta-based technology company, covering a 2-year bond period for software developers who will receive specialized AI training worth USD 25,000, with the agreement starting from March 2025."
1. Parties: Identification of the employer and employee, including complete legal names and addresses
2. Background: Context of the agreement, including the purpose of employment/training and the company's investment in the employee
3. Definitions: Definitions of key terms used throughout the agreement
4. Term of Service: Duration of the bond period and conditions for its commencement
5. Training and Development: Details of training programs, courses, or development opportunities provided
6. Financial Investment: Specification of the company's financial investment in the employee's development
7. Employee Obligations: Key responsibilities and commitments of the employee during the bond period
8. Bond Amount and Calculations: Details of the bond amount and how it will be calculated or pro-rated
9. Termination Provisions: Conditions and consequences of early termination
10. Confidentiality: Provisions regarding confidential information and trade secrets
11. Governing Law: Specification of Indonesian law as governing law and relevant jurisdictional matters
12. Dispute Resolution: Process for resolving disputes under Indonesian law
13. Execution: Signature blocks and execution formalities
1. International Training: Required when training includes overseas components, specifying additional obligations and arrangements
2. Educational Support: Used when the agreement includes formal education funding such as university degrees
3. Non-Competition: Additional restrictions on working with competitors (subject to Indonesian labor law limitations)
4. Guarantor Provisions: Required when a third-party guarantor is involved in securing the bond
5. Special Skills Development: For specialized technical training requiring specific commitments
6. Transfer Provisions: When employee might be transferred between group companies or locations
7. Insurance and Benefits: When special insurance or benefit arrangements are part of the package
1. Schedule A - Training Program Details: Detailed outline of training programs, timelines, and completion criteria
2. Schedule B - Cost Breakdown: Itemized breakdown of training and development costs invested by the company
3. Schedule C - Bond Calculation Formula: Formula and examples for calculating remaining bond amounts at different points
4. Schedule D - Required Certifications: List of certifications or qualifications to be obtained during the bond period
5. Appendix 1 - Employee Acknowledgment: Specific acknowledgment of key terms and obligations
6. Appendix 2 - Company Policies: Relevant company policies that form part of the agreement
7. Appendix 3 - Training Schedule: Detailed timeline of training activities and milestones
Authors
Company
Employee
Effective Date
Bond Period
Training Program
Training Cost
Bond Amount
Service Period
Commencement Date
Completion Date
Confidential Information
Intellectual Property
Training Provider
Professional Development
Early Termination
Pro-rata Calculation
Force Majeure
Material Breach
Guarantor
Business Day
Governing Law
Related Entities
Group Companies
Training Certificate
Notice
Misconduct
Cause
Resignation
Training Location
Working Hours
Relevant Experience
Professional Qualification
Company Policies
Employment Contract
Training Materials
Binding Period
Liquidated Damages
Default
Performance Standards
Training Completion
Repayment Schedule
Authorized Representative
Indonesian Labor Law
Dispute Resolution
Territory
Appointment
Term
Training Obligations
Service Commitment
Financial Terms
Bond Amount
Repayment Terms
Employee Obligations
Company Obligations
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Performance Requirements
Training Completion
Early Termination
Force Majeure
Default and Remedies
Liquidated Damages
Notice Requirements
Assignment
Variation
Severability
Entire Agreement
Governing Law
Dispute Resolution
Compliance with Laws
Good Faith
Representations and Warranties
Indemnification
Records and Reporting
Training Evaluation
Leave and Absence
Transfer Provisions
Insurance
Guarantor Obligations
Survival
Waiver
Costs and Expenses
Amendments
Technology
Manufacturing
Healthcare
Aviation
Engineering
Financial Services
Telecommunications
Oil and Gas
Mining
Education
Professional Services
Pharmaceuticals
Hospitality
Maritime
Human Resources
Legal
Training and Development
Talent Acquisition
Professional Development
Operations
Finance
Compliance
Technical Operations
Research and Development
Graduate Trainee
Management Trainee
Technical Specialist
Engineer
Professional Development Candidate
Medical Resident
Pilot Trainee
Software Developer
Financial Analyst
Research Scientist
Operations Trainee
Sales Executive
Healthcare Professional
Maritime Officer
Educational Professional
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