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Time Waiver

Time Waiver Template for Indonesia

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Key Requirements PROMPT example:

Time Waiver

"I need a Time Waiver document under Indonesian law for a construction project in Jakarta, where our contractor needs to waive their right to claim delays for the period between January 15, 2025, and March 30, 2025, due to anticipated material delivery issues."

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Document background
The Time Waiver document serves as a crucial legal instrument in Indonesian business and legal practice, particularly when parties need to modify statutory or contractual time limitations. This document type is commonly used in situations where strict adherence to original time periods would create unnecessary obstacles or complications in business operations or legal proceedings. The Time Waiver needs to comply with Indonesian civil law requirements, particularly the Indonesian Civil Code (KUHPerdata), and should clearly specify the scope of time-related rights being waived, the duration of the waiver, and any conditions attached to it. It's essential in various contexts, from construction project deadlines to statutory limitation periods in commercial disputes, and requires careful drafting to ensure enforceability and protection of all parties' interests under Indonesian law.
Suggested Sections

1. Parties: Identification and details of all parties involved in the time waiver agreement

2. Background: Context and circumstances leading to the need for the time waiver

3. Definitions: Clear definitions of key terms used in the document, particularly time-related terms and legal concepts

4. Time Waiver Declaration: Express statement of the time period being waived and the specific rights affected

5. Scope of Waiver: Detailed description of what is and isn't covered by the time waiver

6. Legal Effect: Statement of the legal consequences and binding nature of the waiver

7. Representations and Warranties: Statements confirming the parties' authority and capacity to enter into the waiver

8. Governing Law: Specification that Indonesian law governs the agreement

9. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Any conditions that must be met before the waiver becomes effective

2. Multiple Parties Provisions: Additional provisions for cases involving more than two parties

3. Witness Attestation: Section for witness signatures when required for additional legal certainty

4. Severability: Provision stating that if any part of the waiver is invalid, the rest remains effective

5. Language: Provision specifying the prevailing language version if the document is bilingual

6. Notices: Communication procedures between parties regarding the waiver

Suggested Schedules

1. Schedule 1 - Time Periods: Detailed list of specific time periods being waived

2. Schedule 2 - Affected Rights: Comprehensive list of rights affected by the time waiver

3. Schedule 3 - Related Agreements: List of any related agreements affected by the time waiver

4. Appendix A - Supporting Documents: Copies of relevant supporting documents referenced in the waiver

5. Appendix B - Authorization Documents: Copies of corporate or other authorizations to enter into the waiver

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 Industries

Construction

Banking and Finance

Real Estate

Manufacturing

Infrastructure Development

Energy

Mining

Technology

Telecommunications

Transportation and Logistics

Relevant Teams

Legal

Compliance

Risk Management

Operations

Project Management

Commercial

Corporate Secretariat

Business Development

Finance

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Project Manager

Corporate Secretary

Compliance Officer

Risk Manager

Business Development Manager

Operations Director

Chief Legal Officer

Construction Manager

Finance Director

Commercial Director

Industries
Indonesian Civil Code (KUHPerdata): The primary source of contract law in Indonesia, particularly Book III on Obligations, which governs the formation and execution of contracts, including provisions on time-related matters and limitations
Law No. 30 of 1999: Concerning Arbitration and Alternative Dispute Resolution, relevant for including dispute resolution mechanisms in the waiver agreement
Indonesian Civil Procedure Code (HIR): Governs procedural aspects including time limitations for legal actions and how time-related claims are handled in court
Law No. 48 of 2009: Regarding Judicial Power, which provides the framework for legal enforcement of agreements and time-related provisions
1945 Constitution of Indonesia: The fundamental law ensuring that any waiver of rights complies with constitutional principles and fundamental legal rights
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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