Document background
The Business Relationship Agreement serves as a foundational document for establishing formal business partnerships in Indonesia. It is primarily used when parties wish to create a structured framework for their business cooperation while ensuring compliance with Indonesian laws and regulations. This document is essential for both domestic and international business relationships, particularly in light of Indonesia's growing economy and increasing international trade partnerships. The agreement typically includes provisions for business operations, compliance requirements, risk allocation, and dispute resolution mechanisms, all tailored to meet Indonesian legal requirements. It's particularly relevant for foreign companies entering the Indonesian market, local companies establishing partnerships, and businesses seeking to formalize their relationships with suppliers, distributors, or service providers. The document must comply with various Indonesian regulations, including the Civil Code (KUH Perdata), Investment Law, and specific sector regulations.
