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Business Asset Purchase Agreement

Business Asset Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

Business Asset Purchase Agreement

"I need a Business Asset Purchase Agreement under Indonesian law for my manufacturing company's acquisition of industrial equipment and related IP rights from PT Global Industries, with completion planned for March 2025."

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Document background
The Business Asset Purchase Agreement is a critical document used in Indonesian business transactions when one company wishes to acquire specific assets from another company without purchasing the entire business entity. This agreement is essential for transactions governed by Indonesian law and must comply with various regulations including the Indonesian Civil Code, Company Law (Law No. 40 of 2007), Investment Law, and relevant tax regulations. It typically covers the transfer of tangible assets (such as equipment, inventory, or real estate) and intangible assets (such as intellectual property, contracts, or licenses), while addressing specific Indonesian regulatory requirements, tax implications, and necessary governmental approvals. The document is particularly important in ensuring clear transfer of title, managing liability allocation, and maintaining compliance with local business practices and legal requirements.
Suggested Sections

1. Parties: Identification of the seller and purchaser, including registration details and addresses

2. Background: Context of the transaction, including brief description of the business and assets

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Sale and Purchase: Core transaction terms including description of assets being sold

5. Purchase Price: Purchase price, payment terms, adjustments, and payment mechanics

6. Conditions Precedent: Conditions that must be satisfied before completion

7. Pre-Completion Obligations: Obligations of both parties between signing and completion

8. Completion: Completion mechanics, timing, and deliverables

9. Seller's Warranties: Warranties regarding the assets, business, and seller's capacity

10. Purchaser's Warranties: Warranties regarding purchaser's capacity and authority

11. Limitations on Claims: Limitations on warranty claims and indemnities

12. Confidentiality: Confidentiality obligations of both parties

13. Tax Matters: Tax implications, responsibilities, and indemnities

14. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Employee Matters: Terms regarding transfer of employees - include when employees are being transferred with the business

2. Intellectual Property: Specific provisions for IP transfer - include when significant IP assets are involved

3. Real Property: Specific provisions for real estate transfer - include when real property is part of the assets

4. Environmental Matters: Environmental warranties and indemnities - include for manufacturing or industrial businesses

5. Competition Compliance: Competition law compliance provisions - include for large transactions requiring regulatory approval

6. Transition Services: Terms for post-completion transition support - include when seller's ongoing support is needed

7. Non-Compete: Non-compete and non-solicitation provisions - include when protecting business goodwill is crucial

8. Financing Cooperation: Provisions regarding financing arrangements - include when purchase is subject to financing

Suggested Schedules

1. Asset Schedule: Detailed list of all assets being purchased

2. Excluded Assets: List of assets specifically excluded from the purchase

3. Purchase Price Allocation: Breakdown of purchase price across asset categories

4. Contracts Schedule: List of contracts being transferred

5. Employee Schedule: List of transferring employees and their terms (if applicable)

6. Intellectual Property Schedule: Details of IP assets being transferred (if applicable)

7. Real Property Details: Details of real property assets including titles and permits

8. Required Consents: List of third-party consents required for completion

9. Form of Transfer Documents: Templates of asset transfer documents required under Indonesian law

10. Completion Checklist: List of actions and deliverables required at completion

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

alex.den.21@genieai.co
Relevant legal definitions






















































Clauses







































Relevant Industries

Manufacturing

Retail

Technology

Real Estate

Hospitality

Agriculture

Mining

Construction

Transportation

Healthcare

Education

Professional Services

Media and Entertainment

Energy

Telecommunications

Relevant Teams

Legal

Finance

Mergers & Acquisitions

Corporate Development

Tax

Compliance

Risk Management

Operations

Business Development

Property Management

Asset Management

Commercial

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Managing Director

Finance Director

Legal Director

Corporate Secretary

Head of Mergers & Acquisitions

Business Development Manager

Asset Manager

Investment Manager

Commercial Director

Operations Director

Risk Manager

Compliance Officer

Tax Manager

Property Manager

General Counsel

Senior Legal Counsel

Transaction Manager

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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