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Joint Holder Agreement
"I need a Joint Holder Agreement under Indonesian law for three technology companies jointly owning a data center in Jakarta, with specific provisions for operational cost sharing and technology upgrade decisions, planned to commence in March 2025."
1. Parties: Identification of all joint holders entering into the agreement
2. Background: Context of the joint holding arrangement and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Joint Assets: Detailed description of the assets subject to joint holding
5. Ownership Structure: Specification of ownership percentages and nature of joint holding
6. Rights and Obligations: Core rights and obligations of joint holders
7. Management and Control: Procedures for decision-making and asset management
8. Financial Provisions: Cost sharing, profit distribution, and financial management
9. Transfer Restrictions: Limitations on transfer of ownership interests
10. Default and Remedies: Consequences of breach and available remedies
11. Term and Termination: Duration of agreement and termination procedures
12. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms
13. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Pre-emptive Rights: Procedures for existing holders to purchase interests before third-party sales, relevant when transfers are permitted
2. Asset Management Committee: Structure and procedures for a formal management committee, useful for complex joint holdings
3. Foreign Investment Provisions: Special provisions required when foreign investors are involved
4. Tax Matters: Detailed tax arrangements and responsibilities, important for complex asset structures
5. Insurance: Insurance requirements and arrangements for joint assets
6. Environmental Compliance: Environmental obligations and compliance requirements, crucial for property or industrial assets
7. Force Majeure: Provisions for handling unforeseen circumstances affecting joint assets
1. Schedule 1 - Asset Register: Detailed listing and description of all joint assets
2. Schedule 2 - Ownership Percentages: Detailed breakdown of ownership interests
3. Schedule 3 - Management Procedures: Detailed procedures for asset management and decision-making
4. Schedule 4 - Financial Procedures: Detailed procedures for financial management and distributions
5. Schedule 5 - Initial Contributions: Details of initial contributions made by each joint holder
6. Appendix A - Required Notices: Forms and templates for required notices under the agreement
7. Appendix B - Relevant Licenses and Permits: Copies of relevant licenses and permits for joint assets
Authors
Real Estate
Mining
Agriculture
Manufacturing
Infrastructure
Energy
Financial Services
Technology
Retail
Hospitality
Industrial
Natural Resources
Construction
Transportation
Maritime
Legal
Finance
Corporate Affairs
Investment
Asset Management
Risk Management
Compliance
Business Development
Operations
Project Management
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Secretary
Investment Manager
Asset Manager
Property Manager
Business Development Director
Risk Manager
Compliance Officer
Joint Venture Manager
Operations Director
Partnership Manager
Project Director
Investment Analyst
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