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Amicable Agreement for Indonesia

Amicable Agreement Template for Indonesia

This document is a legally binding Amicable Agreement governed by Indonesian law, specifically structured under the Indonesian Civil Code (KUHPerdata) and Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution. It serves as a formal settlement instrument where parties voluntarily agree to resolve their disputes or differences through mutual consensus, avoiding formal litigation. The agreement incorporates essential elements required under Indonesian law, including clear identification of parties, detailed settlement terms, mutual releases, and specific performance obligations, while ensuring compliance with local legal requirements for contract formation and enforcement.

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What is a Amicable Agreement?

The Amicable Agreement is a crucial legal instrument in Indonesian business practice, commonly used when parties wish to resolve disputes or potential conflicts through mutual understanding rather than adversarial litigation. This document type is particularly relevant in Indonesia's relationship-focused business culture, where maintaining harmonious business relationships is highly valued. The agreement is founded on principles established in the Indonesian Civil Code (KUHPerdata) and must comply with Indonesian contract law requirements for validity. It typically includes comprehensive settlement terms, releases, and future obligations of the parties. The document is especially useful in situations where parties wish to maintain business relationships while resolving specific disputes, and can be adapted for various types of conflicts, from commercial disagreements to shareholder disputes.

What sections should be included in a Amicable Agreement?

1. Parties: Identification and details of all parties entering into the agreement

2. Background: Context of the dispute or situation leading to this agreement

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

4. Settlement Terms: Clear statement of the settlement reached between the parties

5. Mutual Release: Provisions regarding mutual release of claims related to the settled dispute

6. Confidentiality: Obligations regarding confidentiality of the settlement terms and related information

7. Payment Terms: Details of any financial settlements, including payment amounts, methods, and timing

8. Representations and Warranties: Statements of fact and assurances made by each party

9. Governing Law: Specification that Indonesian law governs the agreement

10. Execution: Signature blocks and execution requirements

What sections are optional to include in a Amicable Agreement?

1. Non-Admission of Liability: Statement that the settlement does not constitute admission of liability by any party - used when specifically requested by one or more parties

2. Non-Disparagement: Provisions preventing parties from making negative statements about each other - useful in high-profile or sensitive disputes

3. Future Cooperation: Terms regarding ongoing business relationships or future interactions - relevant when parties will continue to have business dealings

4. Tax Implications: Clarification of tax responsibilities - needed when settlement involves significant financial components

5. Insurance Matters: Provisions related to insurance claims or coverage - relevant when insurance is involved in the dispute

6. Third Party Rights: Provisions regarding the rights of third parties - needed when settlement affects third party interests

What schedules should be included in a Amicable Agreement?

1. Schedule A - Payment Schedule: Detailed breakdown of payment terms, installments, and deadlines

2. Schedule B - Release Documentation: Forms and documents related to the mutual release of claims

3. Schedule C - Assets or Property List: Inventory of any assets or property involved in the settlement

4. Appendix 1 - Original Dispute Documentation: Reference documents relating to the original dispute

5. Appendix 2 - Compliance Requirements: Detailed procedures for implementing settlement terms

6. Appendix 3 - Contact Details: List of key contacts and their details for implementation of the agreement

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

Cost

Free to use
Relevant legal definitions






























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Relevant Industries

Manufacturing

Real Estate

Construction

Financial Services

Technology

Retail

Energy

Mining

Agriculture

Transportation

Healthcare

Education

Professional Services

Telecommunications

Hospitality

Relevant Teams

Legal

Compliance

Corporate Secretariat

Risk Management

Finance

Operations

Human Resources

Business Development

Corporate Affairs

Executive Leadership

Commercial Operations

Relevant Roles

Legal Counsel

Corporate Secretary

Chief Legal Officer

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Risk Manager

Compliance Officer

Operations Director

Commercial Director

Human Resources Director

Contract Manager

General Manager

Managing Director

Board Member

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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