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Agreement And Release for Indonesia

Agreement And Release Template for Indonesia

This document serves as a legally binding Agreement and Release under Indonesian law, combining both contractual obligations and the formal release of claims or rights between parties. It is structured in accordance with the Indonesian Civil Code (KUHPerdata) and incorporates necessary elements for enforceability under Indonesian jurisdiction. The document typically addresses the settlement of disputes, waiver of claims, or mutual release of obligations, while ensuring compliance with local legal requirements, including mandatory use of Bahasa Indonesia for agreements involving Indonesian parties. It includes comprehensive provisions for consideration, representations, and warranties, along with specific release terms tailored to the parties' needs.

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What is a Agreement And Release?

The Agreement And Release document is a vital legal instrument used in Indonesian business and legal practice when parties need to formally settle disputes, waive claims, or release each other from specific obligations. It combines elements of both a standard agreement and a release document, making it particularly useful in scenarios such as employment separations, business dispute resolutions, or settlement of claims. The document must comply with Indonesian Civil Code requirements and often needs to be drafted in both Indonesian and English languages. This type of agreement is commonly used in corporate settlements, employment terminations, or business relationship conclusions where parties seek to clearly define their rights, obligations, and the scope of the release while ensuring legal enforceability under Indonesian jurisdiction.

What sections should be included in a Agreement And Release?

1. Parties: Identifies and defines all parties to the agreement, including their legal status, addresses, and authorized representatives

2. Background: Recitals explaining the context and circumstances leading to the agreement and release

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Release Provisions: Details the specific claims, rights, or obligations being released, including the scope and extent of the release

5. Consideration: Specifies the consideration being provided in exchange for the release

6. Representations and Warranties: Statements of fact and guarantees made by each party regarding their capacity and authority to enter into the agreement

7. General Provisions: Standard contract clauses including governing law, jurisdiction, and entire agreement provisions

8. Execution: Signature blocks and formal execution requirements complying with Indonesian law

What sections are optional to include in a Agreement And Release?

1. Confidentiality: Required when parties need to maintain confidentiality about the agreement terms or underlying disputes

2. Non-Disparagement: Include when parties wish to prevent negative statements about each other after the release

3. Future Cooperation: Necessary when parties need to outline ongoing obligations or cooperation after the release

4. Tax Implications: Include when the release involves payments or transfers with tax consequences

5. Insurance and Indemnification: Required when ongoing indemnification obligations exist or insurance matters need to be addressed

6. Dispute Resolution: Optional detailed procedures for resolving future disputes, including mediation or arbitration provisions

What schedules should be included in a Agreement And Release?

1. Schedule A - Released Claims: Detailed list of specific claims, rights, or obligations being released

2. Schedule B - Payment Terms: If applicable, detailed breakdown of any payment arrangements or consideration

3. Schedule C - Related Agreements: List of any related agreements affected by or referenced in the release

4. Appendix 1 - Supporting Documents: Copies of relevant supporting documentation referenced in the main agreement

5. Appendix 2 - Corporate Authorizations: If needed, corporate resolutions or other authorization documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Release Agreement

Cost

Free to use
Relevant legal definitions



































Clauses






























Relevant Industries

Legal Services

Human Resources

Financial Services

Insurance

Manufacturing

Construction

Real Estate

Technology

Healthcare

Education

Retail

Professional Services

Energy

Transportation

Telecommunications

Relevant Teams

Legal

Human Resources

Compliance

Risk Management

Executive Leadership

Finance

Operations

Business Development

Project Management

Claims Administration

Contract Management

Relevant Roles

Legal Counsel

Human Resources Director

Compliance Officer

Risk Manager

Chief Executive Officer

Chief Financial Officer

Corporate Secretary

Operations Manager

Business Development Manager

Project Manager

Settlement Officer

Claims Manager

Contract Administrator

General Manager

Managing Director

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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