The Release And Indemnity Form is a crucial legal instrument in Indonesian business and personal transactions where parties seek to manage risk and resolve potential liability issues. This document is commonly used in situations ranging from corporate transactions and settlements to personal injury releases and activity waivers. It must comply with Indonesian legal requirements, including the Indonesian Civil Code (KUHPerdata) and language regulations under Law No. 24 of 2009. The form typically includes comprehensive release provisions that discharge one party from liability for specified claims or actions, combined with indemnification clauses that provide protection against future claims. It's particularly valuable in scenarios involving risk-prone activities, business transactions, or dispute resolutions where clear allocation of risk and liability is essential.
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1. Parties: Identification of the Releasor (party giving the release) and Releasee (party being released), including full legal names, addresses, and any relevant registration numbers for companies
2. Background: Context of the release and indemnity, including the relevant activity, transaction, or relationship between the parties
3. Definitions: Key terms used in the agreement, including 'Claims', 'Loss', 'Indemnified Parties', and other relevant definitions
4. Release Provisions: Detailed description of what claims, rights, and actions are being released, including the scope and extent of the release
5. Indemnity Provisions: Specific indemnification obligations, including what losses are covered and any limitations
6. Representations and Warranties: Statements by the Releasor regarding their authority to give the release and understanding of what is being released
7. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and choice of courts/jurisdiction
8. Language: Statement regarding the language of the agreement and which version prevails (as per Law No. 24 of 2009)
9. Execution: Signature blocks and execution requirements
1. Consideration: Details of any payment or consideration for the release - include when there is specific consideration being paid
2. Confidentiality: Obligations to keep the terms of the release confidential - include when dealing with sensitive matters or settlements
3. Future Claims: Specific provisions about unknown future claims - include when there's a risk of future related claims arising
4. Insurance: Insurance-related provisions - include when insurance policies are relevant to the release
5. Dispute Resolution: Detailed dispute resolution procedures - include when parties want specific resolution mechanisms beyond court jurisdiction
6. Third Party Rights: Provisions regarding rights of third parties - include when the release affects parties beyond the direct signatories
1. Schedule of Released Claims: Detailed list of specific claims, actions, or rights being released
2. Schedule of Indemnified Parties: List of additional parties covered by the indemnity beyond the primary Releasee
3. Schedule of Assets/Activities: Description of specific assets, activities, or events covered by the release and indemnity
4. Schedule of Existing Claims: List of any known existing claims that are specifically included or excluded from the release
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Relevant Industries
Manufacturing
Construction
Healthcare
Technology
Financial Services
Tourism and Hospitality
Real Estate
Energy and Resources
Transportation
Education
Sports and Recreation
Entertainment
Professional Services
Retail
Relevant Teams
Legal
Risk Management
Compliance
Human Resources
Operations
Finance
Corporate Affairs
Insurance
Health and Safety
Project Management
Business Development
Administrative Services
Relevant Roles
Legal Counsel
Risk Manager
Compliance Officer
Chief Legal Officer
Business Development Manager
Operations Manager
Human Resources Director
Corporate Secretary
Chief Financial Officer
Project Manager
Contract Administrator
Insurance Manager
Safety Officer
General Manager
Chief Executive Officer
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