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Short Form Asset Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

Short Form Asset Purchase Agreement

"I need a Short Form Asset Purchase Agreement under Indonesian law for the purchase of manufacturing equipment valued at IDR 2.5 billion, with completion scheduled for March 2025, including specific warranties about the equipment's operational condition and maintenance history."

Document background
The Short Form Asset Purchase Agreement is designed for use in Indonesia when parties wish to document a straightforward asset purchase transaction without the complexity of a full-length agreement. It is particularly suitable for transactions involving tangible assets, smaller-scale purchases, or situations where the assets being transferred are well-defined and don't require extensive warranties or indemnities. The document complies with Indonesian civil law requirements and includes all necessary elements for a valid and enforceable asset purchase, while maintaining a simplified structure. This type of agreement is commonly used by small to medium-sized businesses, or in larger organizations for routine asset acquisitions where a more comprehensive agreement would be unnecessary. The document addresses key Indonesian legal requirements while remaining accessible and practical for regular commercial use.
Suggested Sections

1. Parties: Identification of the seller and buyer, including complete legal names, company registration numbers, and addresses

2. Background: Brief context of the transaction and relationship between the parties

3. Definitions: Key terms used throughout the agreement, keeping to essential definitions only

4. Sale and Purchase: Core transaction terms including clear identification of assets being sold and purchased

5. Purchase Price: Amount, currency, and payment terms

6. Completion: Timing and mechanics of closing the transaction, including deliverables

7. Seller's Warranties: Essential warranties regarding ownership, authority to sell, and asset condition

8. Buyer's Warranties: Basic warranties regarding authority and capacity to purchase

9. Confidentiality: Obligations regarding transaction confidentiality and information protection

10. Governing Law and Dispute Resolution: Specification of Indonesian law as governing law and dispute resolution mechanism

Optional Sections

1. Conditions Precedent: Include when completion is subject to specific conditions such as regulatory approvals or third-party consents

2. Post-Completion Obligations: Include when there are specific tasks or obligations that must be fulfilled after completion

3. Tax Provisions: Include when specific tax arrangements or allocations need to be addressed

4. Employee Matters: Include when the assets include employees or employment-related obligations

5. Intellectual Property: Include when the assets include IP rights requiring specific provisions

6. Environmental Matters: Include when assets might have environmental implications or liabilities

7. Non-Competition: Include when seller restrictions are required post-completion

Suggested Schedules

1. Schedule 1 - Asset List: Detailed description and inventory of all assets being purchased

2. Schedule 2 - Purchase Price Allocation: Breakdown of purchase price across different asset categories if required

3. Schedule 3 - Completion Deliverables: List of documents and items to be delivered at completion

4. Schedule 4 - Form of Transfer Documents: Templates of specific transfer documents required under Indonesian law

5. Schedule 5 - Encumbrances: List of any existing encumbrances on the assets

6. Appendix A - Required Governmental Approvals: List of necessary regulatory or governmental approvals if applicable

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

Manufacturing

Real Estate

Technology

Retail

Agriculture

Mining

Transportation

Healthcare

Hospitality

Construction

Energy

Small and Medium Enterprises

Financial Services

Industrial Equipment

Consumer Goods

Relevant Teams

Legal

Finance

Operations

Procurement

Corporate Development

Risk Management

Compliance

Business Development

Asset Management

Corporate Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Manager

Asset Manager

Finance Director

Commercial Director

Procurement Manager

Investment Manager

Corporate Secretary

Risk Manager

Transaction Manager

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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