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Consortium Agreement Between Companies Template for Indonesia

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Key Requirements PROMPT example:

Consortium Agreement Between Companies

"I need a Consortium Agreement Between Companies for three Indonesian construction companies and one Singapore-based technology company to collaborate on a smart city development project in Jakarta, with project commencement planned for March 2025, including specific provisions for technology licensing and local content requirements."

Document background
The Consortium Agreement Between Companies is a crucial document used when multiple business entities wish to collaborate on substantial projects or ventures in Indonesia while maintaining their separate legal identities. This agreement type is particularly relevant for large-scale projects requiring diverse expertise, significant resources, or risk sharing. The document must comply with Indonesian legal requirements, including Law No. 40 of 2007 on Limited Liability Companies and relevant investment regulations. It typically includes detailed provisions on governance structure, contribution obligations, profit sharing, intellectual property rights, and dispute resolution mechanisms. The agreement is especially important in sectors requiring local partnership or when combining complementary capabilities from different organizations.
Suggested Sections

1. Parties: Identification of all consortium members, including their legal names, registration numbers, and addresses

2. Background: Context of the consortium formation, including the business purpose and objectives

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Scope and Purpose: Detailed description of the consortium's scope of activities and specific objectives

5. Duration and Term: Period of the consortium agreement, including commencement date and termination provisions

6. Contributions and Resources: Details of each member's contributions, whether financial, technical, or other resources

7. Management and Governance: Structure for decision-making, including steering committee formation and voting rights

8. Rights and Obligations: Specific rights and obligations of each consortium member

9. Financial Arrangements: Financial terms, including cost sharing, revenue distribution, and accounting procedures

10. Intellectual Property Rights: Ownership and usage rights of IP brought into or created during the consortium

11. Confidentiality: Protection and handling of confidential information

12. Liability and Indemnification: Allocation of risks and responsibilities among members

13. Termination: Grounds for termination and its consequences

14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

15. General Provisions: Standard clauses including notices, amendments, and severability

Optional Sections

1. Competition Compliance: Specific provisions ensuring compliance with competition laws, necessary when consortium activities might raise antitrust concerns

2. Export Control: Regulations for international trade activities, required when consortium involves cross-border operations

3. Environmental Compliance: Environmental obligations and standards, necessary for projects with environmental impact

4. Local Content Requirements: Provisions addressing Indonesian local content requirements, necessary for certain regulated sectors

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term or high-risk projects

6. Insurance: Insurance requirements and obligations, important for high-risk activities

7. Anti-Corruption Compliance: Specific anti-corruption provisions, necessary when dealing with government contracts or regulated sectors

8. Change of Control: Procedures for handling ownership changes in consortium members, important for long-term arrangements

Suggested Schedules

1. Schedule 1 - Member Contributions: Detailed breakdown of each member's contributions, including valuations

2. Schedule 2 - Project Scope: Detailed technical specifications and scope of work

3. Schedule 3 - Governance Procedures: Detailed procedures for management committee meetings and decision-making

4. Schedule 4 - Financial Procedures: Detailed accounting procedures, banking arrangements, and financial reporting requirements

5. Schedule 5 - Key Personnel: List of key personnel from each member assigned to the consortium

6. Schedule 6 - Technical Standards: Applicable technical standards and quality requirements

7. Schedule 7 - Implementation Timeline: Project milestones and implementation schedule

8. Appendix A - Forms and Notices: Standard forms for notices, requests, and other formal communications

9. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage levels

10. Appendix C - Compliance Procedures: Detailed procedures for ensuring regulatory compliance

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

Infrastructure Development

Energy and Resources

Oil and Gas

Construction

Technology and Telecommunications

Manufacturing

Transportation and Logistics

Mining

Real Estate Development

Renewable Energy

Healthcare

Maritime and Shipping

Relevant Teams

Legal

Finance

Corporate Development

Business Development

Operations

Risk Management

Compliance

Commercial

Strategy

Project Management

Procurement

Corporate Affairs

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Chief Financial Officer

Project Director

Corporate Counsel

Business Development Director

Operations Director

Commercial Director

Risk Management Officer

Compliance Officer

Contract Manager

Partnership Manager

Strategic Alliance Director

Joint Venture Manager

Investment Director

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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