Termination And Mutual Release Agreement Template for Indonesia

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Termination And Mutual Release Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination And Mutual Release Agreement

"I need a Termination and Mutual Release Agreement under Indonesian law to end a software development agreement with our contractor PT Tech Solutions, ensuring all source code is transferred to us by March 1, 2025, and including mutual non-disparagement provisions."

Document background

The Termination And Mutual Release Agreement is essential for businesses operating in Indonesia who wish to formally conclude their contractual relationships while protecting themselves from future claims or liabilities. This document type is commonly used when parties want to end commercial arrangements such as distribution agreements, service contracts, joint ventures, or other business relationships in a mutually agreeable manner. It must comply with Indonesian legal requirements, including the Indonesian Civil Code (KUHPerdata) and Law No. 24 of 2009 regarding language requirements. The agreement typically includes comprehensive releases, final settlement terms, and provisions for the return or destruction of confidential information, while clearly stating which obligations survive the termination. It's particularly valuable in situations where parties want to ensure a clean break while maintaining professional relationships and minimizing the risk of future disputes.

Suggested Sections

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

2. Background: Recitals describing the existing relationship between the parties, reference to the agreement(s) being terminated, and the parties' desire to terminate and release each other

3. Definitions: Definitions of key terms used throughout the agreement, including 'Effective Date', 'Original Agreement', and 'Claims'

4. Termination: Clear statement of termination of the original agreement(s), specifying the effective date and immediate consequences

5. Mutual Release: Comprehensive mutual releases from claims, liabilities, and obligations, with clear scope and any exceptions

6. Surviving Obligations: Identification of any provisions from the original agreement that will survive termination

7. Settlement of Accounts: Details of any final payments, reconciliations, or financial settlements between the parties

8. Return of Property: Requirements for return or destruction of confidential information, materials, or property

9. Representations and Warranties: Basic representations regarding authority to enter agreement and understanding of releases

10. Confidentiality: Ongoing obligations regarding confidentiality of the termination agreement and any surviving confidentiality obligations

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

12. General Provisions: Standard boilerplate including entire agreement, amendments, counterparts, and notices provisions

Optional Sections

1. Non-Disparagement: Mutual obligations not to make negative statements about each other, useful in high-profile or contentious terminations

2. Cooperation: Provisions for transition assistance or future cooperation, relevant when ongoing interaction is necessary

3. Tax Provisions: Specific tax-related provisions if the termination involves significant financial settlements

4. Public Announcements: Controls on public statements about the termination, important for listed companies or high-profile relationships

5. Insurance: Provisions regarding ongoing insurance obligations or claims, relevant for contracts with significant liability aspects

6. Employee Matters: Provisions dealing with employee transfers or notifications, relevant when termination affects employment relationships

7. Intellectual Property: Specific provisions regarding IP rights post-termination, important for technology or creative services agreements

Suggested Schedules

1. Schedule 1 - Original Agreement(s): Copy or list of all agreements being terminated

2. Schedule 2 - Settlement Statement: Detailed breakdown of any financial settlements, payments, or reconciliations

3. Schedule 3 - Return of Property Checklist: List of items, documents, or materials to be returned or destroyed

4. Schedule 4 - Surviving Obligations: Detailed list of specific provisions that survive termination

5. Appendix A - Form of Public Announcement: Template or agreed form of any public statements, if applicable

6. Appendix B - Certificate of Destruction: Template for confirming destruction of confidential information or materials

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

Technology

Financial Services

Retail

Construction

Energy

Mining

Agriculture

Healthcare

Education

Transportation

Telecommunications

Professional Services

Real Estate

Consumer Goods

Media and Entertainment

Relevant Teams

Legal

Commercial

Finance

Operations

Compliance

Risk Management

Corporate Secretariat

Business Development

Contract Administration

Project Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Commercial Director

Contract Manager

Business Development Manager

Chief Financial Officer

Operations Director

Managing Director

Country Manager

Compliance Officer

Risk Manager

Corporate Secretary

Partnership Manager

Project Manager

Find the exact document you need

Contract Early Termination

Template for contract early termination under Indonesian law, including essential legal provisions and settlement procedures.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Termination And Mutual Release Agreement

Authors

Alex Denne

Find the exact document you need

Contract Early Termination

Terminate My Contract

Suspension Of Contract

Cessation Of Contract

Cancellation Of Sale Agreement Of Property

Fixed Term Contract Early Termination

Contract Termination Date

Employee Termination Agreement And Release

Terminate Contract With Immediate Effect

Rent Cancellation Agreement

End Of Apprenticeship Contract

End Of Lease Contract

Ending A Fixed Term Lease Early

Business Contract Termination Letter

End Of Lease Form

Surrender Of Tenancy Agreement

Assignment Of Lease Agreement

Termination Of Contract Of Employment

Termination Of Tenancy Agreement

Termination Agreement

End Of Lease Agreement

Termination Without Cause Commercial Contract

Termination Of Rental Agreement Letter By Landlord

Termination Of Lease Letter

Termination Of Development Agreement

Termination Letter Distribution Agreement

Service Contract Termination

Not Renewing Lease Letter

Mutual Agreement Termination Of Employment Letter

House Contract Termination Letter

End Of Tenancy Agreement Letter

Vendor Termination Letter

Termination Of Agency Agreement

Termination Of Lease Letter To Tenant

Mutual Consent Contract

Lease Break Agreement

End Of Fixed Term Contract

End Of Contract Letter To Client

Early Termination Of Tenancy Agreement Letter

Cancellation Agreement

Cease Employment Letter

Termination Of Lease Letter To Landlord

Termination Of Contract Form

End Contract Letter To Employer

Listing Termination Agreement

Letter To Break Apartment Lease

Termination Of Rental Agreement By Landlord

Release Tenant From Lease Letter

Letter Of Termination Of Purchase And Sale Agreement

Reminder Letter For End Of Contract

Partnership Termination Letter

Artist Management Contract Termination Letter

Termination Of Real Estate Contract By Buyer

Partnership Exit Agreement

Service Agreement Cancellation Letter

Real Estate Termination Agreement

Mutual Termination Of Employment Agreement

Termination Of Business Relationship Letter

Termination And Mutual Release Agreement

Terminate The Lease Agreement

Apartment Cancellation Letter

End Of Temporary Contract Letter

Employment Contract Cancellation Letter

Termination Cancellation Letter

Freelance Contract Termination Letter

Cancellation Of Lease Agreement By Tenant

Termination Of Security Agreement

Termination Of Rental Agreement

Termination Of Collaboration Agreement

Purchase Cancellation Letter

Partnership Cancellation Letter

Letter Of Revocation Of Contract

End Of Service Agreement

Termination Of Supplier Contract

Termination For Convenience Letter