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A Buy-Sell Agreement sets clear rules for what happens to business ownership shares when an owner leaves, dies, or wants to sell. It's like a prenup for business partners, protecting everyone's interests under Indonesian Company Law (UU No. 40/2007). This agreement typically gives remaining owners the first right to buy departing owners' shares at a pre-agreed price.

In Indonesia's business landscape, these agreements help prevent ownership disputes and maintain company stability. They're especially valuable for Perseroan Terbatas (PT) companies, where shares can't be freely transferred without other shareholders' approval. The agreement also helps with tax planning and ensures business continuity when unexpected ownership changes occur.

Create a Buy-Sell Agreement when first establishing your Indonesian PT company or bringing in new shareholders. It's particularly crucial for family businesses, professional services firms, and close corporations where maintaining control over ownership is essential. The best time is before any transfer discussions begin - when all parties are still on good terms.

Time-sensitive situations also demand immediate action: when preparing for an IPO, negotiating with potential investors, or setting up succession plans. Indonesian business law requires shareholder approval for share transfers, so having this agreement ready prevents delays and conflicts when ownership changes become necessary.

• Business Buy And Sell Agreement: The standard comprehensive version covering all ownership transfer scenarios, typically used by Indonesian PTs for general business succession
• Private Car Sale Contract: A simplified version adapted for vehicle dealerships or automotive business transfers, focusing on specific asset categories
• Home Sales Agreement: Modified for real estate businesses, incorporating property-specific transfer terms and Indonesian property law requirements

• Business Partners/Shareholders: Core parties who sign and are bound by the Buy-Sell Agreement, especially in family-owned PTs and professional partnerships
• Corporate Lawyers: Draft and review agreements to ensure compliance with Indonesian Company Law and protect client interests
• Notaries: Authenticate and register the agreement, making it legally binding under Indonesian law
• Company Directors: Implement and enforce agreement terms, especially during ownership transitions
• Financial Advisors: Help determine fair valuation methods and funding mechanisms for share transfers

• Company Details: Gather current shareholder information, company registration (NIB), and Articles of Association
• Valuation Method: Decide on share pricing formula and get current business valuation from a licensed appraiser
• Trigger Events: List specific situations that activate the agreement under Indonesian law
• Payment Terms: Define funding sources and payment schedules that work within local banking regulations
• Documentation: Our platform generates compliant agreements, but keep corporate documents and financial statements ready for reference

• Party Details: Full legal names, addresses, and company registration numbers of all shareholders
• Transfer Triggers: Clear definitions of events that activate share transfers under Indonesian Company Law
• Valuation Method: Specific formula or process for determining share price, compliant with OJK regulations
• Payment Terms: Detailed structure of payment, including timeframes and funding sources
• Governing Law: Express statement of Indonesian law jurisdiction and dispute resolution procedures
• Notarial Requirements: Proper format and execution details for notarial deed (akta notaris)

A Buy-Sell Agreement differs significantly from a Buyout Agreement in several key aspects within Indonesian business law. While both deal with ownership transfers, their scope and application vary considerably.

• Purpose and Timing: Buy-Sell Agreements are proactive planning tools set up when business relationships begin, while Buyout Agreements typically address immediate or imminent ownership changes
• Scope of Coverage: Buy-Sell Agreements cover multiple potential transfer scenarios (death, retirement, disability), whereas Buyout Agreements focus on a specific, planned exit
• Valuation Methods: Buy-Sell Agreements usually include predetermined formulas for future valuations, while Buyout Agreements state fixed, negotiated prices for immediate transactions
• Legal Structure: Under Indonesian law, Buy-Sell Agreements require notarial deeds and ongoing shareholder approval mechanisms, while Buyout Agreements often complete with a single transaction deed