Document background
A Simple Stock Purchase Agreement is a fundamental legal document used in Indonesian corporate transactions to facilitate the transfer of shares between parties. This agreement is particularly suitable for straightforward share transfers where extensive warranties and complex conditions are not required. The document must comply with Indonesian law, particularly Law No. 40 of 2007 on Limited Liability Companies and relevant OJK regulations. It typically includes basic provisions covering share details, purchase price, completion mechanics, and fundamental warranties, while accommodating requirements for dual language execution. This agreement is commonly used in private company transactions, small to medium-sized share transfers, and situations where parties prefer a streamlined approach to documenting their share purchase arrangement. The document serves as evidence of the transaction and helps ensure proper documentation for corporate and regulatory compliance purposes.
