Document background
The Company Sales Agreement is a fundamental transaction document used in Indonesian business practice for the sale and acquisition of companies or business entities. This document is essential when one entity intends to purchase another company's shares or assets, requiring careful consideration of Indonesian corporate law, particularly Law No. 40 of 2007 on Limited Liability Companies. The agreement serves as the primary contract governing the transaction terms, including purchase price, warranties, indemnities, and regulatory compliance requirements. It needs to address specific Indonesian legal requirements such as notarial deeds, foreign investment restrictions if applicable, and mandatory regulatory approvals. The document is typically used in both domestic and cross-border transactions, requiring careful attention to Indonesian business practices and legal framework while ensuring international standards are met where relevant.
