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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."
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
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
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
Manufacturing
Real Estate
Technology
Retail
Agriculture
Mining
Transportation
Healthcare
Hospitality
Construction
Energy
Small and Medium Enterprises
Financial Services
Industrial Equipment
Consumer Goods
Legal
Finance
Operations
Procurement
Corporate Development
Risk Management
Compliance
Business Development
Asset Management
Corporate Secretariat
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
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