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Co Ownership Business Agreement
"Need a Co-Ownership Business Agreement for a tech startup in Jakarta between three partners (two local Indonesian entrepreneurs and one Singapore-based investor), with specific provisions for intellectual property rights and future funding rounds, to be effective from March 2025."
1. Parties: Identification and details of all co-owners entering into the agreement
2. Background: Context of the agreement, including the business purpose and relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Business Structure: Legal structure of the business and ownership percentages
5. Capital Contributions: Initial and ongoing capital contributions from each co-owner
6. Management and Control: Decision-making processes and management structure
7. Profits and Losses: Distribution of profits and allocation of losses
8. Rights and Obligations: Detailed responsibilities and rights of each co-owner
9. Transfer of Ownership: Rules regarding the sale or transfer of ownership interests
10. Dispute Resolution: Procedures for resolving conflicts between co-owners
11. Term and Termination: Duration of the agreement and conditions for termination
12. Governing Law: Specification of Indonesian law as the governing law
13. General Provisions: Standard legal provisions including notices, amendments, and severability
1. Non-Competition: Restrictions on co-owners engaging in competing businesses, used when there's risk of competitive conflicts
2. Intellectual Property: Ownership and usage rights of intellectual property, included when the business involves significant IP assets
3. Employment of Co-Owners: Terms for co-owners working in the business, used when owners take active operational roles
4. Foreign Ownership Provisions: Special provisions for foreign co-owners, included when there are international parties
5. Business Expansion: Procedures for business growth and additional investment, used for scalable businesses
6. Death or Incapacity: Succession planning and procedures, important for family businesses or long-term partnerships
7. Insurance Requirements: Mandatory insurance coverage, included for high-risk businesses or valuable assets
8. Environmental Compliance: Environmental obligations, included for businesses with environmental impact
1. Schedule A - Capital Contributions: Detailed breakdown of initial and committed capital contributions from each co-owner
2. Schedule B - Business Assets: Comprehensive list of business assets and their ownership status
3. Schedule C - Ownership Structure: Detailed ownership percentages and any special rights attached to ownership shares
4. Schedule D - Management Structure: Organizational chart and management responsibilities
5. Schedule E - Business Plan: Initial business plan and strategic objectives
6. Appendix 1 - Voting Procedures: Detailed procedures for decision-making and voting
7. Appendix 2 - Valuation Method: Agreed methodology for business valuation in case of ownership transfers
8. Appendix 3 - Required Licenses: List of necessary business licenses and permits under Indonesian law
Authors
Manufacturing
Retail
Technology
Professional Services
Real Estate
Food and Beverage
Agriculture
Tourism and Hospitality
Construction
E-commerce
Mining
Healthcare
Education
Creative Industries
Transportation and Logistics
Legal
Corporate Affairs
Executive Leadership
Finance
Operations
Compliance
Business Development
Risk Management
Corporate Governance
Investment
Business Owner
Managing Director
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Company Secretary
Investment Manager
Operations Director
Partner
Shareholder
Board Member
Corporate Lawyer
Compliance Officer
General Manager
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