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Legal Partnership Agreement Template for Indonesia

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Key Requirements PROMPT example:

Legal Partnership Agreement

"I need a Legal Partnership Agreement for establishing a technology consulting firm in Jakarta between three partners (two local Indonesian partners and one foreign partner from Singapore), with specific provisions for intellectual property protection and profit sharing to be effective from March 2025."

Document background
A Legal Partnership Agreement is a fundamental document used when two or more parties wish to establish a formal business partnership in Indonesia. This document is essential for businesses operating under Indonesian jurisdiction and must comply with the Indonesian Civil Code, Commercial Code, and relevant business regulations. It serves to define the partnership structure, outline capital contributions, establish profit-sharing mechanisms, and set management protocols. The agreement is particularly crucial as it provides legal protection for all partners and establishes clear operational guidelines. It should be used when forming new partnerships, restructuring existing ones, or formalizing informal business relationships, and must incorporate specific provisions required by Indonesian law regarding partnership formation, foreign investment restrictions (if applicable), and business licensing requirements.
Suggested Sections

1. Parties: Identification and details of all partners entering the agreement

2. Background: Context of the partnership formation and partners' intentions

3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation

4. Partnership Formation and Term: Official establishment of the partnership, commencement date, and duration

5. Business Purpose and Scope: Defined scope of partnership business activities and objectives

6. Capital Contributions: Details of initial and any subsequent capital contributions from partners

7. Profit and Loss Sharing: Distribution mechanism for profits and allocation of losses

8. Management and Decision Making: Partnership management structure and voting rights

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

10. Banking and Financial Matters: Financial management procedures and banking arrangements

11. Books and Records: Requirements for maintaining partnership accounts and records

12. Transfer of Partnership Interest: Rules regarding transfer of partnership shares or interests

13. Admission and Withdrawal of Partners: Procedures for adding new partners or handling partner exits

14. Dissolution and Winding Up: Circumstances and procedures for partnership termination

15. Governing Law and Dispute Resolution: Applicable Indonesian law and dispute resolution mechanisms

16. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability

Optional Sections

1. Non-Competition and Confidentiality: Restrictions on competitive activities and handling of confidential information, recommended for partnerships with significant intellectual property or trade secrets

2. Intellectual Property Rights: Ownership and usage of IP within the partnership, necessary when IP is a significant aspect of the business

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

4. Tax Matters: Detailed tax planning and compliance procedures, recommended for complex partnership structures

5. Insurance: Partnership insurance requirements and coverage details, important for high-risk businesses

6. Force Majeure: Provisions for handling unforeseen circumstances, particularly relevant in uncertain business environments

Suggested Schedules

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuation of non-cash assets

2. Schedule 2: Profit Sharing Ratios: Specific percentages and formulas for profit and loss distribution

3. Schedule 3: Management Structure: Detailed organizational structure and management procedures

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

5. Schedule 5: Partner Information: Detailed information about each partner, including contact details and representatives

6. Appendix A: Required Licenses and Permits: List of necessary business licenses and permits under Indonesian law

7. Appendix B: Partnership Policies: Internal policies and procedures for partnership operations

8. Appendix C: Asset Register: Detailed list of partnership assets and their ownership status

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

Professional Services

Retail and Trading

Manufacturing

Technology and IT

Construction and Real Estate

Consulting Services

Food and Beverage

Agriculture

Healthcare Services

Education Services

Financial Services

Creative Industries

Tourism and Hospitality

Import/Export

Mining and Resources

Relevant Teams

Legal

Finance

Corporate Affairs

Compliance

Risk Management

Business Development

Operations

Investment

Administration

Executive Leadership

Relevant Roles

Managing Partner

Business Owner

Legal Counsel

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Company Secretary

Investment Manager

Operations Director

Compliance Officer

Partnership Administrator

Risk Manager

Corporate Lawyer

Finance Director

Managing 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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