The Assignment Purchase Agreement is a crucial document used in Indonesian commercial transactions when one party wishes to transfer its rights, claims, or assets to another party for valuable consideration. This agreement type is commonly used in various scenarios including debt assignments, contract rights transfers, and asset acquisitions. The document must comply with Indonesian law, particularly the Civil Code (Kitab Undang-undang Hukum Perdata) and relevant commercial regulations. It's essential for documenting the terms of the transfer, protecting both parties' interests, and ensuring the assignment's enforceability under Indonesian law. The agreement typically includes detailed provisions about the assigned rights, purchase price, payment terms, representations and warranties, and completion mechanics, while addressing specific regulatory requirements that may apply to the particular type of assignment.
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1. Parties: Identification of the Assignor, Assignee, and any other relevant parties to the agreement
2. Background: Context of the assignment purchase, including description of the original rights/assets being assigned
3. Definitions: Definitions of key terms used throughout the agreement
4. Subject Matter of Assignment: Detailed description of the rights, assets, or claims being assigned
5. Purchase Price and Payment: The consideration amount and payment terms for the assignment
6. Completion: Requirements and process for completing the assignment purchase
7. Representations and Warranties: Statements of fact and assurances from both parties
8. Assignor's Obligations: Specific obligations of the Assignor including delivery of documents and assistance with transfer
9. Assignee's Obligations: Specific obligations of the Assignee including payment and assumption of responsibilities
10. Conditions Precedent: Conditions that must be satisfied before the assignment becomes effective
11. Governing Law: Specification of Indonesian law as governing law and jurisdiction details
12. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability
1. Third Party Consents: Required when the assignment requires consent from other parties to be effective
2. Tax Provisions: Detailed tax arrangements when significant tax implications exist
3. Security Arrangements: When additional security or guarantees are required for the purchase price
4. Regulatory Compliance: When the assignment involves regulated assets or requires regulatory approvals
5. Intellectual Property: When the assigned rights include intellectual property
6. Employee Matters: When the assignment involves transfer of employees or employee-related rights
7. Transition Services: When the Assignor needs to provide temporary support services post-assignment
1. Schedule 1 - Assigned Rights: Detailed list and description of all rights being assigned
2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of the purchase price and any adjustments
3. Schedule 3 - Completion Deliverables: List of all documents and items to be delivered at completion
4. Schedule 4 - Form of Transfer Documents: Templates of all required transfer documentation
5. Schedule 5 - Existing Contracts: Copies or details of relevant existing contracts being assigned
6. Appendix A - Required Consents: List of all required third-party and regulatory consents
7. Appendix B - Power of Attorney: Form of power of attorney for executing transfer documents
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