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Assignment Of Rights Agreement Template for Indonesia

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Key Requirements PROMPT example:

Assignment Of Rights Agreement

"I need an Assignment of Rights Agreement under Indonesian law for transferring a portfolio of software patents and related IP rights from our tech subsidiary in Jakarta to our parent company in Singapore, with the transfer to be completed by March 2025."

Document background
The Assignment Of Rights Agreement is a crucial legal instrument in Indonesian business and commercial transactions, used when one party wishes to transfer ownership or control of specific rights to another party. This document is essential in various contexts, including corporate restructuring, intellectual property transfers, or asset sales. It must comply with Indonesian law, particularly the Civil Code (KUHPerdata) and relevant sector-specific regulations such as IP laws when applicable. The agreement typically includes detailed descriptions of the rights being transferred, warranties of ownership, consideration terms, and any necessary regulatory compliance requirements. It's particularly important in Indonesia's civil law system, where formal documentation of rights transfers is crucial for legal certainty and enforcement.
Suggested Sections

1. Parties: Identification and details of the Assignor and Assignee

2. Background: Context of the assignment, including the nature of rights being assigned and the relationship between parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Assignment: Core provision detailing the transfer of rights from Assignor to Assignee

5. Consideration: Details of payment or other consideration for the assignment

6. Effective Date: Specification of when the assignment takes effect

7. Assignor's Warranties: Warranties regarding ownership, right to assign, and absence of encumbrances

8. Further Assurance: Obligation to execute additional documents and take necessary steps to perfect the assignment

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

10. Entire Agreement: Confirmation that this document represents the complete agreement between parties

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Intellectual Property Rights: Detailed provisions for IP assignments, including registration requirements and maintenance obligations

2. Confidentiality: Provisions for maintaining confidentiality of sensitive information, used when the assigned rights involve confidential information

3. Tax Provisions: Specific tax-related provisions when the assignment has significant tax implications

4. Registration and Recordal: Procedures for recording the assignment with relevant authorities, particularly important for IP rights

5. Anti-corruption Compliance: Required for high-value assignments or those involving government-related rights

6. Currency and Payment Terms: Detailed payment provisions for international assignments or complex payment structures

7. Third Party Consents: Provisions regarding obtaining necessary third-party approvals, when applicable

Suggested Schedules

1. Schedule 1 - Description of Rights: Detailed description of all rights being assigned

2. Schedule 2 - Existing Agreements: List of relevant existing agreements affecting the assigned rights

3. Schedule 3 - Registered Rights: Details of any registered rights (such as patents, trademarks) being assigned

4. Schedule 4 - Payment Terms: Detailed payment schedule and terms, if applicable

5. Schedule 5 - Required Consents: List of required third-party consents or regulatory approvals

6. Appendix A - Form of Notice: Template for notices to third parties regarding the assignment

7. Appendix B - Powers of Attorney: Forms of powers of attorney required for registration or recordal

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses





























Relevant Industries

Technology

Manufacturing

Creative Industries

Healthcare

Pharmaceuticals

Real Estate

Financial Services

Energy

Telecommunications

Media and Entertainment

Consumer Goods

Professional Services

Education

Research and Development

Relevant Teams

Legal

Intellectual Property

Business Development

Corporate Affairs

Compliance

Research and Development

Commercial Operations

Finance

Risk Management

Strategy

Relevant Roles

Legal Counsel

Corporate Lawyer

Intellectual Property Manager

Business Development Manager

Chief Legal Officer

Contract Manager

Compliance Officer

General Counsel

IP Rights Administrator

Legal Director

Managing Partner

Business Owner

CEO

CFO

Commercial Director

Research Director

Industries







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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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