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Terms And Conditions For Partnership Agreement

Terms And Conditions For Partnership Agreement Template for Indonesia

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Key Requirements PROMPT example:

Terms And Conditions For Partnership Agreement

"I need Terms and Conditions for Partnership Agreement for a technology joint venture between an Indonesian software development company and a Singapore-based AI firm, with specific focus on intellectual property rights and profit sharing for jointly developed products."

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Document background
The Terms and Conditions for Partnership Agreement is a vital legal document used in Indonesian business contexts to establish and regulate partnership relationships between various business entities. This document is essential when two or more parties wish to enter into a formal business partnership in Indonesia, whether for joint ventures, collaborative projects, or ongoing business operations. It encompasses crucial elements required under Indonesian law, including partner responsibilities, profit-sharing mechanisms, governance structures, and compliance requirements. The agreement must align with Indonesian Civil Code provisions and relevant business regulations, making it suitable for both domestic and international partnerships. It serves as a comprehensive framework that protects all parties' interests while ensuring regulatory compliance with Indonesian partnership and investment laws.
Suggested Sections

1. Parties: Identification and details of all parties entering into the partnership agreement

2. Background: Context of the partnership and purpose of the agreement

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Partnership Structure: Legal form of partnership and ownership structure

5. Scope of Partnership: Detailed description of partnership activities and limitations

6. Rights and Obligations: Specific rights and responsibilities of each partner

7. Capital Contribution: Details of initial and ongoing capital contributions

8. Profit and Loss Sharing: Terms for distribution of profits and allocation of losses

9. Management and Control: Partnership management structure and decision-making processes

10. Operational Procedures: Day-to-day operation guidelines and procedures

11. Financial Management: Financial reporting, accounting practices, and audit requirements

12. Term and Termination: Duration of partnership and conditions for termination

13. Confidentiality: Protection of confidential information and trade secrets

14. Dispute Resolution: Procedures for resolving disputes between partners

15. Governing Law: Specification of Indonesian law as governing law

16. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Include when partnership involves creation or use of intellectual property

2. Non-Competition: Include when partners need to be restricted from competing activities

3. Foreign Investment Provisions: Include when partnership involves foreign partners or investment

4. Employee Management: Include when partnership will have joint employees

5. Insurance Requirements: Include when specific insurance coverage is necessary for the partnership

6. Environmental Compliance: Include for partnerships in industries with environmental impact

7. Technology Transfer: Include when partnership involves transfer of technology or technical knowledge

8. Export/Import Provisions: Include for partnerships engaging in international trade

Suggested Schedules

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's capital contributions

2. Schedule B - Profit Sharing Formula: Detailed calculation method for profit distribution

3. Schedule C - Management Structure: Organizational chart and management responsibilities

4. Schedule D - Business Plan: Initial business plan and strategic objectives

5. Schedule E - Partner Information: Detailed information about each partner including registration details

6. Appendix 1 - Operational Procedures Manual: Detailed operational guidelines and procedures

7. Appendix 2 - Compliance Requirements: List of regulatory requirements and compliance procedures

8. Appendix 3 - Required Licenses: Copies of necessary licenses and permits

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Business Day
Business Plan
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Default Event
Effective Date
Financial Year
Force Majeure
Governing Law
Initial Capital
Intellectual Property Rights
Management Committee
Managing Partner
Material Breach
Net Profit
Operating Expenses
Partner
Partnership
Partnership Assets
Partnership Interest
Partnership Property
Profit Share
Quarter
Related Party
Representative
Reserved Matters
RUPS (Rapat Umum Pemegang Saham)
Senior Management
Shareholders
Territory
Transfer
Working Capital
PMA (Penanaman Modal Asing)
PMDN (Penanaman Modal Dalam Negeri)
NIB (Nomor Induk Berusaha)
Business License
Board of Directors
Board of Commissioners
Deed of Partnership
Indonesian Civil Code
Commercial Register
Company Law
Investment Law
Business Activities
Clauses
Interpretation
Formation of Partnership
Partnership Purpose
Term and Duration
Capital Contributions
Additional Capital
Profit and Loss Sharing
Distribution of Profits
Management Rights
Voting Rights
Partner Obligations
Decision Making
Financial Management
Banking Arrangements
Accounting and Records
Audit Rights
Business Operations
Non-Competition
Confidentiality
Intellectual Property
Partner Admission
Partner Withdrawal
Transfer Restrictions
Death or Incapacity
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Amendment
Severability
Entire Agreement
Regulatory Compliance
Tax Obligations
Insurance
Indemnification
Representations and Warranties
Good Faith
Business Name and Branding
Partnership Property
Employment Matters
Environmental Compliance
Anti-Corruption
Foreign Investment Provisions
Relevant Industries

Manufacturing

Technology

Professional Services

Retail and Trading

Agriculture and Farming

Mining and Natural Resources

Financial Services

Construction and Real Estate

Tourism and Hospitality

E-commerce

Healthcare

Education

Transportation and Logistics

Creative Industries

Food and Beverage

Relevant Teams

Legal

Corporate Affairs

Business Development

Operations

Finance

Compliance

Risk Management

Strategic Planning

Commercial

International Business

Partnership Management

Investment

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Lawyer

Partnership Manager

Operations Director

Chief Financial Officer

Investment Manager

Compliance Officer

Contract Manager

Business Owner

Entrepreneur

General Manager

Company Secretary

Risk Manager

Strategic Planning Director

Commercial Director

Industries
Indonesian Civil Code (KUH Perdata): The fundamental law governing contracts and agreements in Indonesia, particularly Articles 1618-1652 which specifically deal with partnership arrangements and contractual obligations
Law No. 40 of 2007 on Limited Liability Companies: Regulates corporate partnerships and business entities in Indonesia, including rights and obligations of business partners
Law No. 25 of 2007 on Investment: Governs foreign and domestic investment partnerships in Indonesia, including ownership restrictions and investment requirements
Law No. 3 of 1982 on Mandatory Company Registration: Outlines requirements for business registration and documentation of partnerships
Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution: Provides framework for dispute resolution mechanisms in business partnerships
Government Regulation No. 44 of 2016 on Negative Investment List: Specifies business sectors that are closed or conditionally open to foreign partnership and investment
Law No. 24 of 2000 on International Agreements: Relevant for international partnerships and cross-border business relationships
Law No. 13 of 2003 on Employment: Governs employment relationships within partnerships and joint ventures
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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