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General Partnership Agreement

General Partnership Agreement Template for Indonesia

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Key Requirements PROMPT example:

General Partnership Agreement

"I need a General Partnership Agreement for a retail business in Jakarta between three local partners, with a 40-30-30 profit sharing structure and operations starting March 2025; please include specific provisions for online retail operations and social media management."

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Document background
The General Partnership Agreement serves as the foundational document for establishing a partnership business structure in Indonesia. It is essential when two or more parties wish to conduct business together under a shared name and with unlimited liability. The agreement must comply with the Indonesian Commercial Code (KUHD), particularly Articles 16-35, and other relevant regulations including the Civil Code (KUHPer) and business registration laws. This document is crucial for defining the partnership's structure, operations, and governance, including capital contributions, profit-sharing mechanisms, management responsibilities, and dispute resolution procedures. It should be prepared with careful consideration of Indonesian business practices and legal requirements, and typically requires notarization to be legally binding.
Suggested Sections

1. Parties: Identification of all partners entering into the agreement, including full legal names and addresses

2. Background: Context of the partnership formation and partners' intention to establish a general partnership

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Formation: Declaration of partnership formation, business name, and registration details in accordance with Indonesian law

5. Purpose and Business Scope: Detailed description of partnership's business activities and objectives

6. Capital Contributions: Details of initial and ongoing capital contributions from each partner

7. Profit and Loss Sharing: Agreement on how profits and losses will be distributed among partners

8. Management and Decision Making: Structure for partnership management and process for making business decisions

9. Rights and Obligations of Partners: Detailed responsibilities and rights of each partner

10. Banking and Financial Matters: Procedures for handling partnership finances and banking arrangements

11. Accounting and Records: Requirements for maintaining financial records and conducting audits

12. Partner Meetings: Procedures for conducting partner meetings and maintaining minutes

13. Transfer of Partnership Interest: Rules regarding the transfer of partnership interests to other partners or third parties

14. Admission of New Partners: Process and conditions for admitting new partners to the partnership

15. Withdrawal and Retirement: Procedures for partner withdrawal or retirement from the partnership

16. Dissolution and Liquidation: Circumstances and procedures for partnership dissolution and asset distribution

17. Governing Law: Specification of Indonesian law as governing law and jurisdiction

18. Dispute Resolution: Procedures for resolving disputes between partners

19. Notices: Process for giving formal notices under the agreement

20. General Provisions: Miscellaneous legal provisions including severability, entire agreement, and amendments

Optional Sections

1. Non-Competition: Restrictions on partners engaging in competing businesses - used when partners want to protect business interests

2. Intellectual Property Rights: Provisions regarding ownership and use of IP - included when the partnership involves significant IP assets

3. Foreign Investment Provisions: Special provisions required when foreign partners are involved, ensuring compliance with Indonesian investment laws

4. Insurance: Requirements for business insurance - included when specific insurance coverage is necessary

5. Employee Management: Provisions regarding hiring and managing employees - used when the partnership expects to have employees

6. Branch Offices: Provisions for establishing and managing branch offices - included when business expansion is anticipated

7. Environmental Compliance: Environmental protection obligations - included for businesses with environmental impact

8. Religious Holiday Observance: Specific provisions for religious holiday observance - relevant in Indonesian context when partners have different religious backgrounds

Suggested Schedules

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule B - Profit Sharing Ratio: Specific percentages or formulas for profit and loss distribution

3. Schedule C - Partner Details: Comprehensive information about each partner including contact details and appointed representatives

4. Schedule D - Business Plan: Initial business plan and strategic objectives of the partnership

5. Schedule E - Partnership Assets: List of assets contributed to or owned by the partnership

6. Appendix 1 - Management Structure: Organizational chart and management responsibilities

7. Appendix 2 - Operating Procedures: Detailed procedures for day-to-day business operations

8. Appendix 3 - Required Licenses: List of licenses and permits required for the partnership's operations

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

alex.den.21@genieai.co
Relevant legal definitions










































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Relevant Industries

Retail

Professional Services

Manufacturing

Trading

Construction

Technology

Agriculture

Food and Beverage

Consulting

Real Estate

Transportation and Logistics

Healthcare

Education

Creative Industries

Relevant Teams

Legal

Finance

Executive Leadership

Risk and Compliance

Business Development

Operations

Corporate Secretariat

Strategic Planning

Investment

Commercial

Relevant Roles

Business Owner

Managing Partner

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Business Development Manager

Company Secretary

Finance Director

Commercial Director

Operations Manager

Risk Manager

Compliance Officer

Partnership Manager

Investment Manager

Strategic Planning 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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