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Co Ownership Business Agreement Template for Indonesia

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Key Requirements PROMPT example:

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."

Document background
The Co-Ownership Business Agreement is a crucial document for establishing joint business ventures in Indonesia, whether between local partners or involving foreign investors. This agreement is essential when two or more parties wish to formalize their business relationship while ensuring compliance with Indonesian laws and regulations, including the Company Law (Law No. 40 of 2007), Investment Law (Law No. 25 of 2007), and relevant sector-specific regulations. It should be used when establishing new joint ventures, formalizing existing business partnerships, or restructuring ownership arrangements. The document encompasses critical aspects such as capital contributions, profit-sharing mechanisms, management rights, transfer restrictions, and dispute resolution procedures, all tailored to meet Indonesian legal requirements and business practices.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Professional Services

Real Estate

Food and Beverage

Agriculture

Tourism and Hospitality

Construction

E-commerce

Mining

Healthcare

Education

Creative Industries

Transportation and Logistics

Relevant Teams

Legal

Corporate Affairs

Executive Leadership

Finance

Operations

Compliance

Business Development

Risk Management

Corporate Governance

Investment

Relevant Roles

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

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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