The General Release Form serves as a crucial legal instrument in Indonesian business and personal dealings, providing a formal mechanism for parties to resolve disputes, settle claims, or conclude relationships. This document is commonly used in various scenarios, including employment terminations, business transactions, settlement of disputes, or conclusion of projects. The form must comply with Indonesian civil law requirements, particularly the Indonesian Civil Code (KUHPerdata) and Law No. 24 of 2009 regarding language requirements. It typically includes comprehensive details about the rights being released, consideration provided, and representations by the parties. The General Release Form's versatility makes it essential in both corporate and individual contexts, offering legal certainty and protection for all parties involved.
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1. Parties: Identification of the Releasor (party giving the release) and Releasee (party being released), including full legal names and addresses
2. Background: Context of the release, including relevant events, circumstances, or disputes that led to the need for the release
3. Definitions: Clear definitions of key terms used in the release, including 'Claims', 'Released Matters', and any other specific terminology
4. Release and Discharge: Core section detailing the specific claims, rights, and causes of action being released
5. Consideration: Statement of the consideration being provided in exchange for the release
6. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of its implications
7. Governing Law: Specification that Indonesian law governs the release and its interpretation
8. Execution: Signature blocks and execution requirements, including witness provisions if required
1. Non-Admission of Liability: Optional clause stating that the release does not constitute an admission of liability by any party - useful in dispute settlements
2. Confidentiality: Optional provisions regarding confidentiality of the release terms - recommended for sensitive matters
3. Future Claims: Optional section specifically addressing potential future claims - useful in complete and final settlements
4. Tax Implications: Optional section addressing tax responsibilities - necessary when the release involves monetary consideration
5. Dispute Resolution: Optional detailed dispute resolution procedures - recommended for complex releases
6. Severability: Optional clause ensuring remainder of release remains valid if any part is found unenforceable
1. Schedule A - Released Claims: Detailed list of specific claims, causes of action, or rights being released
2. Schedule B - Excluded Claims: List of any claims specifically excluded from the release
3. Appendix 1 - Related Documents: Copies or references to related agreements or documents pertinent to the release
4. Appendix 2 - Payment Details: Details of any consideration or payment terms (if applicable)
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