Document background
The Assurance Letter is a crucial document in Indonesian business practice, commonly used when formal written confirmations or guarantees are required between parties. It serves multiple purposes, from providing comfort to stakeholders about specific matters to meeting regulatory requirements. Under Indonesian law, particularly the Civil Code and related regulations, an Assurance Letter carries legal weight and can be used as evidence in legal proceedings. The document is frequently employed in corporate transactions, regulatory compliance, banking relationships, and business partnerships where formal written assurances are necessary. The content typically includes specific statements of assurance, the scope of the commitment, any conditions or limitations, and is executed by authorized signatories with appropriate corporate authority.
