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Business Buy And Sell Agreement Template for Indonesia

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Key Requirements PROMPT example:

Business Buy And Sell Agreement

"I need a Business Buy and Sell Agreement for the sale of my medium-sized manufacturing company in Jakarta to a Singapore-based buyer, with completion planned for March 2025, including specific provisions for technology transfer and employee retention."

Document background
The Business Buy And Sell Agreement is a crucial legal document used in Indonesian business transactions when one entity intends to purchase another entity's business operations or assets. This agreement is essential for ensuring compliance with Indonesian legal requirements, including Law No. 40 of 2007 on Limited Liability Companies and related regulations. It comprehensively covers all aspects of the business transfer, from initial due diligence to final closing, and includes provisions for asset transfer, employee transitions, intellectual property rights, and regulatory compliance. The document is particularly important in Indonesia's complex regulatory environment, where business transfers often require multiple governmental approvals and must comply with specific sector regulations, foreign investment rules, and local business practices.
Suggested Sections

1. Parties: Identifies and provides full details of the seller and buyer, including registration numbers and addresses

2. Background: Outlines the context of the transaction, including brief description of the business and parties' intentions

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Sale and Purchase: Details the core transaction terms, including what is being sold and purchased

5. Purchase Price: Specifies the purchase price, payment terms, and any adjustments

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

7. Pre-Completion Obligations: Specifies actions parties must take between signing and completion

8. Completion: Details the completion process, timing, and deliverables

9. Seller's Warranties: Contains warranties about the business, assets, and liabilities

10. Buyer's Warranties: Contains warranties from the buyer, particularly regarding authority and ability to complete

11. Business Assets: Details the assets included in the sale

12. Employees: Addresses employee transfer and related obligations

13. Intellectual Property: Covers transfer of intellectual property rights

14. Confidentiality: Sets out confidentiality obligations

15. Non-Competition: Contains non-compete and non-solicitation provisions

16. Indemnification: Details indemnification obligations of both parties

17. Termination: Specifies circumstances under which the agreement can be terminated

18. Governing Law and Dispute Resolution: Specifies Indonesian law as governing law and details dispute resolution process

19. General Provisions: Contains standard boilerplate clauses

Optional Sections

1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

2. Environmental Matters: Required for businesses with significant environmental impacts or risks

3. Real Estate: Needed when the transaction includes transfer of real property

4. Third Party Consents: Required when specific third-party approvals are needed

5. Tax Matters: Detailed tax provisions when complex tax implications exist

6. Transition Services: Used when seller will provide post-completion support services

7. Foreign Investment Provisions: Required when the buyer is a foreign entity

8. Regulatory Compliance: Needed for heavily regulated industries

9. Information Technology: Required when IT systems are a crucial part of the business

Suggested Schedules

1. Schedule 1 - Business Assets: Detailed list and description of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Properties: Details of any real estate included in the transaction

4. Schedule 4 - Intellectual Property: List of all intellectual property rights being transferred

5. Schedule 5 - Employees: List of employees and their key employment terms

6. Schedule 6 - Material Contracts: List and copies of key business contracts

7. Schedule 7 - Permits and Licenses: List of all business permits and licenses

8. Schedule 8 - Completion Deliverables: List of all documents and items to be delivered at completion

9. Schedule 9 - Warranties: Detailed warranties about the business

10. Schedule 10 - Encumbrances: List of any existing encumbrances on business assets

11. Appendix A - Form of Transfer Instruments: Templates for various transfer documents required at completion

12. Appendix B - Corporate Authorizations: Copies of corporate approvals and authorizations

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

Manufacturing

Retail

Technology

Services

Healthcare

Hospitality

Real Estate

Construction

Agriculture

Mining

Transportation

Education

Financial Services

Food and Beverage

Energy

Telecommunications

Relevant Teams

Legal

Finance

Executive Leadership

Corporate Development

Mergers & Acquisitions

Human Resources

Operations

Compliance

Tax

Risk Management

Corporate Secretariat

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Legal Officer

Managing Director

Business Development Director

Corporate Lawyer

Legal Counsel

Finance Director

Company Secretary

Compliance Officer

Tax Director

Operations Director

Human Resources Director

Risk Manager

Investment Manager

Business Owner

Mergers & Acquisitions Manager

Due Diligence Specialist

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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