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The Reservation Fee Agreement is commonly used in Indonesian property transactions as a preliminary agreement to secure a property or asset before proceeding with the full purchase. This document is essential when a potential buyer wishes to express serious interest in a property while conducting due diligence or arranging financing. The agreement typically specifies the reservation fee amount, usually a percentage of the total purchase price, and outlines the conditions under which the fee may be refunded or forfeited. It provides protection for both parties by clearly defining their rights and obligations during the reservation period. The document must comply with Indonesian civil law requirements and relevant property regulations, making it a crucial tool in property development and real estate transactions.

1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and any relevant registration numbers

2. Background: Context of the agreement, including brief description of the property and the purpose of the reservation

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

4. Reservation Fee Amount: Specification of the reservation fee amount and payment terms

5. Purpose of Reservation: Details of what is being reserved and for how long

6. Duration of Reservation: Period for which the reservation remains valid

7. Payment Terms: Method and timing of payment, including bank account details

8. Rights and Obligations: Responsibilities and rights of both parties during the reservation period

9. Conditions for Conversion: Terms under which the reservation fee will be converted to part of the purchase price

10. Refund Conditions: Circumstances under which the reservation fee will be refunded

11. Forfeiture Conditions: Circumstances under which the reservation fee may be forfeited

12. Governing Law: Specification of Indonesian law as the governing law

13. Dispute Resolution: Process for resolving any disputes arising from the agreement

14. Notices: How formal communications between parties should be made

15. Execution: Signature blocks and execution requirements