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Co Owner Business Contract
"I need a Co Owner Business Contract for my new technology startup in Jakarta, establishing a 60-40 ownership split between myself and my business partner, with specific provisions for future funding rounds and intellectual property protection."
1. Parties: Identification and details of all co-owners entering into the agreement
2. Background: Context of the business relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Business Structure: Legal form of the business and ownership percentages
5. Capital Contributions: Initial and ongoing financial contributions of each co-owner
6. Management and Control: Decision-making processes and management responsibilities
7. Profit and Loss Distribution: How profits and losses will be shared among co-owners
8. Transfer of Ownership: Rules and procedures for transferring ownership interests
9. Death or Incapacity: Procedures in case of death or incapacity of a co-owner
10. Dispute Resolution: Process for resolving disagreements between co-owners
11. Termination: Conditions and procedures for terminating the agreement
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
1. Non-Compete and Confidentiality: Restrictions on competing businesses and handling of confidential information, used when protecting intellectual property or market position is crucial
2. Intellectual Property Rights: Ownership and usage of intellectual property, included when the business involves significant IP assets
3. Employment of Co-Owners: Terms of employment if co-owners work in the business, used when owners take active operational roles
4. Insurance Requirements: Mandatory insurance coverage, included when business activities require specific insurance protection
5. External Financing: Procedures for obtaining and managing external funding, included when business plan involves external financing
6. Tag-Along and Drag-Along Rights: Rights in case of sale to third parties, included for businesses with potential future sale prospects
1. Schedule A - Capital Contributions: Detailed breakdown of initial and committed capital contributions from each owner
2. Schedule B - Business Plan: Initial business plan and strategic objectives
3. Schedule C - Asset Register: List of business assets and their ownership status
4. Schedule D - Management Structure: Detailed organizational structure and management responsibilities
5. Appendix 1 - Voting Procedures: Detailed procedures for management decisions and voting
6. Appendix 2 - Valuation Method: Agreed method for valuing business shares
Authors
Retail
Manufacturing
Technology
Professional Services
Food and Beverage
Real Estate
E-commerce
Construction
Healthcare
Education
Creative Industries
Agriculture
Tourism and Hospitality
Legal
Corporate Secretariat
Business Development
Executive Leadership
Finance
Operations
Compliance
Risk Management
Business Owner
Managing Director
CEO
CFO
Legal Counsel
Corporate Secretary
Business Development Manager
Operations Director
Partner
Shareholder
Board Member
Company Director
Find the exact document you need
Co Owner Business Contract
An Indonesian law-governed agreement establishing the terms and conditions of business co-ownership between multiple parties.
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