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Partnership Agreement Between Two Parties Template for Indonesia

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Key Requirements PROMPT example:

Partnership Agreement Between Two Parties

"I need a Partnership Agreement Between Two Parties for a technology startup in Jakarta, focusing on software development, with special attention to intellectual property rights and profit sharing arrangements, to be effective from March 2025."

Document background
The Partnership Agreement Between Two Parties is a crucial legal document used when two entities or individuals 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 (KUHPerdata) and Commercial Code (KUHD). It is commonly used when parties want to combine their resources, expertise, or capital for a business venture while clearly defining their respective rights, responsibilities, and profit-sharing arrangements. The agreement typically includes provisions for capital contributions, management structure, decision-making processes, profit distribution, dispute resolution, and termination procedures. It serves as a vital tool for preventing future disagreements by establishing clear guidelines and expectations at the outset of the business relationship.
Suggested Sections

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

2. Background: Context of the partnership and brief description of the partners' intention to collaborate

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

4. Partnership Structure: Legal form of the partnership and its basic structure

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

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

7. Profit and Loss Sharing: Framework for distribution of profits and allocation of losses

8. Management and Control: Decision-making processes and management structure of the partnership

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

10. Banking and Financial Matters: Banking arrangements, financial management, and accounting principles

11. Duration: Term of the partnership and renewal provisions

12. Termination: Circumstances and procedures for termination of the partnership

13. Dispute Resolution: Procedures for resolving disputes between partners

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

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

Optional Sections

1. Non-Competition: Restrictions on partners engaging in competing businesses - include when partners have other business interests

2. Intellectual Property: IP ownership and usage rights - include when the partnership involves creation or use of IP

3. Insurance: Required insurance coverage - include for high-risk business activities

4. Confidentiality: Protection of confidential information - include when sensitive information will be shared

5. Force Majeure: Provisions for unforeseen circumstances - include for long-term partnerships or high-value agreements

6. Assignment and Transfer: Rules for transferring partnership interests - include when partners might need future flexibility

7. Employee Matters: Employment policies and procedures - include when partnership will have employees

8. Environmental Compliance: Environmental responsibilities - include for partnerships in industries with environmental impact

Suggested Schedules

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

2. Schedule 2 - Profit Sharing Formula: Detailed calculations and methods for profit distribution

3. Schedule 3 - Business Plan: Initial business plan and strategic objectives

4. Schedule 4 - Management Structure: Detailed organizational structure and management procedures

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

6. Schedule 6 - Assets Register: List of partnership assets and their ownership status

7. Appendix A - Required Licenses: List of required business licenses and permits

8. Appendix B - Operating Procedures: Detailed operational procedures and policies

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








































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Relevant Industries

Manufacturing

Retail

Professional Services

Technology

Agriculture

Construction

Trading

Food and Beverage

Tourism and Hospitality

Education

Healthcare

Real Estate

Mining

Transportation and Logistics

Financial Services

Relevant Teams

Legal

Finance

Executive Leadership

Corporate Affairs

Business Development

Operations

Risk and Compliance

Investment

Strategy

Administrative

Relevant Roles

Chief Executive Officer

Managing Director

Business Owner

Legal Counsel

Corporate Lawyer

Chief Financial Officer

Business Development Manager

Operations Director

Company Secretary

Partnership Manager

Investment Manager

Risk Manager

Compliance Officer

Finance Director

General Manager

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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