Settlement Agreement Ex Gratia Payment Template for Indonesia

1. Non-Admission of Liability: Separate section explicitly stating that payment does not constitute admission of liability (if not covered in background)

2. Return of Property: Required when settlement involves return of company property or documents

3. Non-Disparagement: Mutual obligations not to make negative statements, often included in sensitive cases

4. Future Cooperation: Provisions regarding cooperation in future matters, useful in business relationship contexts

5. Sanctions Compliance: Required for international payments or when parties are subject to international sanctions

6. Currency Conversion: Needed when payment involves foreign currency conversion

7. Bank Indonesia Reporting: Required for payments above certain thresholds or involving foreign currency

1. Payment Details Schedule: Detailed breakdown of payment amount, timing, and bank account information

2. Form of Release: Standard form of release to be signed upon receipt of payment

3. Tax Calculation Schedule: Breakdown of tax implications and calculations if complex tax arrangements apply

4. Required Regulatory Forms: Any forms required by Bank Indonesia or other regulatory authorities

5. Related Agreements: List of any related agreements being settled or terminated

6. Authority Documents: Copies of corporate authorizations or powers of attorney